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Company No: 03371980 (England and Wales)

BLACKMORE COMPUTERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BLACKMORE COMPUTERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BLACKMORE COMPUTERS LIMITED

BALANCE SHEET

As at 31 December 2024
BLACKMORE COMPUTERS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 99,478 148,690
Tangible assets 4 221,255 167,676
320,733 316,366
Current assets
Stocks 372,650 259,309
Debtors 5 102,235 96,747
Cash at bank and in hand 96,249 654
571,134 356,710
Creditors: amounts falling due within one year 6 ( 407,054) ( 393,274)
Net current assets/(liabilities) 164,080 (36,564)
Total assets less current liabilities 484,813 279,802
Creditors: amounts falling due after more than one year 7 ( 70,525) ( 39,262)
Provision for liabilities ( 30,048) ( 37,533)
Net assets 384,240 203,007
Capital and reserves
Called-up share capital 8 240 240
Share premium account 52,300 52,300
Capital redemption reserve 60 60
Profit and loss account 331,640 150,407
Total shareholders' funds 384,240 203,007

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Blackmore Computers Limited (registered number: 03371980) were approved and authorised for issue by the Board of Directors on 20 May 2025. They were signed on its behalf by:

Mr S Edmunds
Director
BLACKMORE COMPUTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BLACKMORE COMPUTERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blackmore Computers Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Chitterne Dairy Shrewton Road, Chitterne, Warminster, BA12 0LN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents fair value of services provided under contracts with the customers to the extent there is right to consideration. It is measured at fair value of the consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Invoices are not raised until a contract is complete so the value of incomplete services is included in Amounts recoverable on contracts in the balance sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements not depreciated
Plant and machinery 15 % reducing balance
Vehicles 4 years straight line
Fixtures and fittings 15 % reducing balance
Computer equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

The cost of finished goods and work in progress comprises direct materials and , where applicable , direct labour costs
and those overheads that have been incurred in bringing the stocks to their present location and condition. At each
reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling
price less costs to complete and sell, the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when the are due. If contribution payments exceed the contribution due for the service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 42 47

3. Intangible assets

Development costs Total
£ £
Cost
At 01 January 2024 475,145 475,145
Additions 10,512 10,512
At 31 December 2024 485,657 485,657
Accumulated amortisation
At 01 January 2024 326,455 326,455
Charge for the financial year 59,724 59,724
At 31 December 2024 386,179 386,179
Net book value
At 31 December 2024 99,478 99,478
At 31 December 2023 148,690 148,690

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 January 2024 16,842 216,667 86,342 112,069 76,260 508,180
Additions 0 8,208 91,785 0 0 99,993
At 31 December 2024 16,842 224,875 178,127 112,069 76,260 608,173
Accumulated depreciation
At 01 January 2024 16,842 122,150 48,868 87,690 64,954 340,504
Charge for the financial year 0 15,334 23,690 3,659 3,731 46,414
At 31 December 2024 16,842 137,484 72,558 91,349 68,685 386,918
Net book value
At 31 December 2024 0 87,391 105,569 20,720 7,575 221,255
At 31 December 2023 0 94,517 37,474 24,379 11,306 167,676

5. Debtors

2024 2023
£ £
Trade debtors 57,836 41,776
Other debtors 44,399 54,971
102,235 96,747

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 10,000 12,167
Trade creditors 77,194 77,003
Taxation and social security 167,448 157,928
Obligations under finance leases and hire purchase contracts 13,239 20,826
Other creditors 139,173 125,350
407,054 393,274

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 4,167 14,167
Obligations under finance leases and hire purchase contracts 66,358 25,095
70,525 39,262

Hire Purchase liabilities are secured on the assets financed.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
120 B ordinary shares of £ 1.00 each 120 120
120 A ordinary shares of £ 1.00 each 120 120
240 240

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 36,768 23,456
between one and five years 39,422 30,431
76,190 53,887