1 October 2023 false No description of principal activity Taxfiler 2024.6 SC236677business:PrivateLimitedCompanyLtd2023-10-012024-09-30 SC2366772023-09-30 SC2366772023-10-012024-09-30 SC236677business:AuditExemptWithAccountantsReport2023-10-012024-09-30 SC236677business:AbridgedAccounts2023-10-012024-09-30 SC2366772024-09-30 SC236677business:Director12023-10-012024-09-30 SC236677business:CompanySecretary12023-10-012024-09-30 SC236677business:RegisteredOffice2023-10-012024-09-30 SC2366772023-09-30 SC236677core:WithinOneYear2024-09-30 SC236677core:WithinOneYear2023-09-30 SC236677core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 SC236677core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC236677core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 SC236677core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC236677core:PreviouslyStatedAmount2024-09-30 SC236677core:PreviouslyStatedAmount2023-09-30 SC236677business:SmallEntities2023-10-012024-09-30 SC236677countries:Scotland2023-10-012024-09-30 SC236677core:LandBuildings2023-10-012024-09-30 SC236677core:PlantMachinery2023-10-012024-09-30 SC236677core:MotorVehicles2023-10-012024-09-30 SC236677core:FurnitureFittings2023-10-012024-09-30 SC236677core:ComputerEquipment2023-10-012024-09-30 SC2366772022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC236677 (Scotland)
Black Bridge Furnishings Limited Unaudited accounts for the year ended 30 September 2024
Black Bridge Furnishings Limited Unaudited accounts Contents
Page
- 2 -
Black Bridge Furnishings Limited Company Information for the year ended 30 September 2024
Director
J Fraser
Secretary
F Dickson
Company Number
SC236677 (Scotland)
Registered Office
C/o CMM Accountancy The Green House Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
- 3 -
Black Bridge Furnishings Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,283,138 
1,576,600 
Investment property
1,700,000 
1,100,000 
4,983,138 
2,676,600 
Current assets
Inventories
743,134 
664,854 
Debtors
624,313 
1,194,318 
Cash at bank and in hand
1,059,879 
2,201,316 
2,427,326 
4,060,488 
Creditors: amounts falling due within one year
(422,990)
(319,989)
Net current assets
2,004,336 
3,740,499 
Total assets less current liabilities
6,987,474 
6,417,099 
Provisions for liabilities
Deferred tax
(147,634)
(88,644)
Net assets
6,839,840 
6,328,455 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,839,839 
6,328,454 
Shareholders' funds
6,839,840 
6,328,455 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 June 2025 and were signed on its behalf by
J Fraser Director Company Registration No. SC236677
- 4 -
Black Bridge Furnishings Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Black Bridge Furnishings Limited is a private company, limited by shares, registered in Scotland, registration number SC236677. The registered office is C/o CMM Accountancy, The Green House, Inverness, IV2 3BL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
15% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
Black Bridge Furnishings Limited Notes to the Accounts for the year ended 30 September 2024
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2023
1,991,442 
Additions
2,105,251 
Disposals
(69,561)
Transfer to investment property
(341,500)
At 30 September 2024
3,685,632 
Depreciation
At 1 October 2023
414,842 
Charge for the year
86,685 
On disposals
(32,440)
On transfers from investment property
(66,593)
At 30 September 2024
402,494 
Net book value
At 30 September 2024
3,283,138 
At 30 September 2023
1,576,600 
5
Loans to directors
Included in debtors is a loan of £73,034 to the director J Fraser (2023 - £721,961). The loan bears interest at the statutory rate and has no fixed terms for repayment.
6
Average number of employees
During the year the average number of employees was 11 (2023: 11).
- 6 -