Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-21truefalse42No description of principal activity2024-01-01false42falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI012775 2024-01-01 2024-12-31 NI012775 2023-01-01 2023-12-31 NI012775 2024-12-31 NI012775 2023-12-31 NI012775 2023-01-01 NI012775 c:Director1 2024-01-01 2024-12-31 NI012775 d:PlantMachinery 2024-01-01 2024-12-31 NI012775 d:PlantMachinery 2024-12-31 NI012775 d:PlantMachinery 2023-12-31 NI012775 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI012775 d:MotorVehicles 2024-01-01 2024-12-31 NI012775 d:MotorVehicles 2024-12-31 NI012775 d:MotorVehicles 2023-12-31 NI012775 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI012775 d:FurnitureFittings 2024-01-01 2024-12-31 NI012775 d:FurnitureFittings 2024-12-31 NI012775 d:FurnitureFittings 2023-12-31 NI012775 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI012775 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 NI012775 d:Goodwill 2024-01-01 2024-12-31 NI012775 d:Goodwill 2024-12-31 NI012775 d:Goodwill 2023-12-31 NI012775 d:CurrentFinancialInstruments 2024-12-31 NI012775 d:CurrentFinancialInstruments 2023-12-31 NI012775 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI012775 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI012775 d:ShareCapital 2024-12-31 NI012775 d:ShareCapital 2023-12-31 NI012775 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI012775 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI012775 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 NI012775 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI012775 c:FRS102 2024-01-01 2024-12-31 NI012775 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI012775 c:FullAccounts 2024-01-01 2024-12-31 NI012775 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI012775 6 2024-01-01 2024-12-31 NI012775 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 NI012775 1 2024-12-31 NI012775 1 2023-12-31 NI012775 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: NI012775










B.L. Refrigeration & Air Conditioning Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
B.L. Refrigeration & Air Conditioning Limited
Registered number: NI012775

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 6 
14,600
29,200

Tangible assets
 7 
219,718
166,131

Investments
 8 
-
75,418

  
234,318
270,749

Current assets
  

Stocks
 9 
29,173
51,591

Debtors: amounts falling due within one year
 10 
1,353,858
1,361,170

Cash at bank and in hand
 11 
781,744
1,448,392

  
2,164,775
2,861,153

Creditors: amounts falling due within one year
 12 
(885,901)
(1,395,621)

Net current assets
  
 
 
1,278,874
 
 
1,465,532

Total assets less current liabilities
  
1,513,192
1,736,281

Provisions for liabilities
  

Deferred tax
 13 
(49,567)
(38,144)

  
 
 
(49,567)
 
 
(38,144)

Net assets
  
1,463,625
1,698,137


Capital and reserves
  

Called up share capital 
  
6,263
6,263

Profit and loss account
  
1,457,362
1,691,874

  
1,463,625
1,698,137


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Page 1

 
B.L. Refrigeration & Air Conditioning Limited
Registered number: NI012775

Balance Sheet (continued)
As at 31 December 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2025.




David Bailie
Director

The notes on pages 3 to 12 form part of these financial statements.

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Page 2

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

B.L. Refrigeration & Air Conditioning Ltd is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

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Page 3

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

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Page 4

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


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Page 5

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Comprehensive Income over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

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Page 6

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the process of applying the company's accounting policies, management has not made any significant judgements.  There are no key assumptions concerning the future or other key sources of estimation, that have a significant risk of raising a material adjustment to the carrying amounts of assets and liabilities within the financial year. 

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Page 7

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

4.


Going concern

The Directors have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the forseeable future.
Accordingly, the company continues to adopt the going concern basis in preparing the financial statements.


5.


Employees

The average monthly number of employees, including the directors, during the year was 42 (2023 - 42).


6.


Intangible assets




Goodwill

£



Cost


At 1 January 2024
146,000



At 31 December 2024

146,000



Amortisation


At 1 January 2024
116,800


Charge for the year on owned assets
14,600



At 31 December 2024

131,400



Net book value



At 31 December 2024
14,600



At 31 December 2023
29,200



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Page 8

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

7.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
114,158
252,083
626,465
992,706


Additions
-
137,350
16,384
153,734


Disposals
-
(14,799)
-
(14,799)



At 31 December 2024

114,158
374,634
642,849
1,131,641



Depreciation


At 1 January 2024
51,214
160,894
614,468
826,576


Charge for the year on owned assets
28,540
53,606
8,751
90,897


Disposals
-
(5,550)
-
(5,550)



At 31 December 2024

79,754
208,950
623,219
911,923



Net book value



At 31 December 2024
34,404
165,684
19,630
219,718



At 31 December 2023
62,945
91,189
11,997
166,131

The net book value of assets under HP is nil.

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Page 9

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

8.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2024
75,418



At 31 December 2024

75,418



Impairment


Charge for the period
75,418



At 31 December 2024

75,418



Net book value



At 31 December 2024
-



At 31 December 2023
75,418


9.


Stocks

2024
2023
£
£

Finished goods and goods for resale
29,173
51,591

29,173
51,591


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Page 10

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

10.


Debtors

2024
2023
£
£


Trade debtors
1,191,440
1,196,314

Amounts owed by group undertakings
97,151
97,151

Other debtors
65,267
67,705

1,353,858
1,361,170



11.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
781,744
1,448,392

781,744
1,448,392



12.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
299,752
666,406

Corporation tax
148,243
392,896

Other taxation and social security
138,599
103,744

Other creditors
299,307
232,575

885,901
1,395,621


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Page 11

 
B.L. Refrigeration & Air Conditioning Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2024

13.


Deferred taxation




2024
2023


£

£






At beginning of year
(38,144)
(38,255)


Charged to profit or loss
(11,423)
111



At end of year
(49,567)
(38,144)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(49,567)
(38,144)

(49,567)
(38,144)


14.


Parent undertaking

The name of the parent undertaking is B.L. Group Limited and the registered office address is Unit B2 Sydenham Business Park, 17 Heron Road, Belfast, Northern Ireland, BT3 9LE.

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Page 12