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REGISTERED NUMBER: 02638533 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31st October 2024

for

BLAZE CONSTRUCTION LIMITED

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 8

Other Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 15


BLAZE CONSTRUCTION LIMITED

Company Information
for the Year Ended 31st October 2024







DIRECTORS: E M Broderick
Mrs A D Broderick
D J Cousins



REGISTERED OFFICE: Unit 2
Riverside Industrial Park
Coneger Road
Eastleigh
Hampshire
SO50 6JQ



REGISTERED NUMBER: 02638533 (England and Wales)



AUDITORS: Eastleigh Accountants Limited
Statutory Auditors and Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ



BANKERS: Santander
Bootle
Merseyside
L30 4GB

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Strategic Report
for the Year Ended 31st October 2024

The directors present their strategic report for the year ended 31st October 2024.

REVIEW OF BUSINESS
The building industry as a whole is finding the current economic and political environment challenging with the company being no exception. There is a reluctance on the part of house builders to commence new sites, together with ongoing inflationary pressures.The results for the year need to be reviewed in this context.

Turnover for the year has increased from £24,774,197 in 2023 to £32,638,988 in 2024.

Gross profit for the year was £3,881,321 (at 11.89%) from £2,932,335 (at 11.84%) in 2023.

General overheads have remained comparable with the prior year after taking into account the bad debt of £341,628 (2023: £nil).

The net effect of the above is a pre tax profit for the year of £878,323 (2023: £1,106,311).

After accounting for taxation there was a profit for the year of £841,142 this has increased retained earnings to £2,905,161 at 31st October 2024.

Liquidity at the year end was 140.14% (2023: 134.59%) whilst gearing had increased from 0.06% to 3.45%.

PRINCIPAL RISKS AND UNCERTAINTIES
Given the current economic and political climate, together with uncertainty over interest rates, there is a current downturn in the housing industry.. Whilst this situation remains the directors are aware of the need to manage funds accordingly. They believe that they have sufficient reserves to navigate through this difficult period.

Further, the company is always at the ongoing risk of incurring significant costs as a result of uninsured defective site work. Full provision is made in the financial statements in this regard, where deemed appropriate, on an annual basis.

ON BEHALF OF THE BOARD:





E M Broderick - Director


9th July 2025

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Report of the Directors
for the Year Ended 31st October 2024

The directors present their report with the financial statements of the company for the year ended 31st October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building and civil construction contracting.

DIVIDENDS
No dividends will be distributed for the year ended 31st October 2024.

FUTURE DEVELOPMENTS
The directors have no plans to fundamentally change the status or level of activity within the company.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st November 2023 to the date of this report.

E M Broderick
Mrs A D Broderick
D J Cousins

POLITICAL DONATIONS AND EXPENDITURE
The company made total Donations of £8,782 during the year to registered charities.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Report of the Directors
for the Year Ended 31st October 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





E M Broderick - Director


9th July 2025

Report of the Independent Auditors to the Members of
Blaze Construction Limited

Opinion
We have audited the financial statements of Blaze Construction Limited (the 'company') for the year ended 31st October 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31st October 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Blaze Construction Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements , whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

Report of the Independent Auditors to the Members of
Blaze Construction Limited

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
> Enquiry of management and those charged with governance around actual and potential litigation and claims as
well as actual, suspected, and alleged fraud;
> Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on
the financial statements or the operations of the entity through enquiry and inspection;
> Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations;
> Performing audit work over the risk of management bias and override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Duncan Jefferies FCCA (Senior Statutory Auditor)
for and on behalf of Eastleigh Accountants Limited
Statutory Auditors and Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

9th July 2025

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Income Statement
for the Year Ended 31st October 2024

2024 2023
Notes £    £    £    £   

TURNOVER 32,638,988 24,774,197

Cost of sales 28,757,667 21,841,862
GROSS PROFIT 3,881,321 2,932,335

Administrative expenses 2,961,553 2,258,234
919,768 674,101

Other operating income 10,607 26,182
Gain/loss on revaluation of investments 184 69
OPERATING PROFIT 4 930,559 700,352

Non-trading loan write back 5 - 200,000
930,559 900,352

Income from participating interests 6,400 10,000
Interest receivable and similar income 72,025 315,838
78,425 325,838
1,008,984 1,226,190

Interest payable and similar expenses 6 130,661 119,879
PROFIT BEFORE TAXATION 878,323 1,106,311

Tax on profit 7 37,181 486,670
PROFIT FOR THE FINANCIAL YEAR 841,142 619,641

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Other Comprehensive Income
for the Year Ended 31st October 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 841,142 619,641


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

841,142

619,641

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 1,879,571 1,610,482
Investments 9 40 40
1,879,611 1,610,522

CURRENT ASSETS
Debtors 10 6,593,007 5,567,288
Investments 11 1,526 1,342
Cash at bank and in hand 2,274,195 1,848,951
8,868,728 7,417,581
CREDITORS
Amounts falling due within one year 12 6,328,629 5,511,402
NET CURRENT ASSETS 2,540,099 1,906,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,419,710

3,516,701

CREDITORS
Amounts falling due after more than one
year

13

(1,115,427

)

(903,054

)

PROVISIONS FOR LIABILITIES 15 (399,002 ) (549,508 )
NET ASSETS 2,905,281 2,064,139

CAPITAL AND RESERVES
Called up share capital 16 120 120
Retained earnings 17 2,905,161 2,064,019
SHAREHOLDERS' FUNDS 2,905,281 2,064,139

The financial statements were approved by the Board of Directors and authorised for issue on 9th July 2025 and were signed on its behalf by:





E M Broderick - Director


BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Statement of Changes in Equity
for the Year Ended 31st October 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st November 2022 120 1,444,378 1,444,498

Changes in equity
Total comprehensive income - 619,641 619,641
Balance at 31st October 2023 120 2,064,019 2,064,139

Changes in equity
Total comprehensive income - 841,142 841,142
Balance at 31st October 2024 120 2,905,161 2,905,281

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Cash Flow Statement
for the Year Ended 31st October 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,144,455 (559,686 )
Interest element of hire purchase payments
paid

(7,599

)

(3,853

)
Finance costs paid (123,062 ) (116,026 )
Tax paid (144,011 ) (172,778 )
Net cash from operating activities 1,869,783 (852,343 )

Cash flows from investing activities
Purchase of tangible fixed assets (1,052,662 ) (196,126 )
Sale of tangible fixed assets 737 -
Interest received 72,025 315,838
Dividends received 6,400 10,000
Net cash from investing activities (973,500 ) 129,712

Cash flows from financing activities
Capital repayments in year 365,001 (133,188 )
Loan repaid from related company (836,040 ) 672,571
Net cash from financing activities (471,039 ) 539,383

Increase/(decrease) in cash and cash equivalents 425,244 (183,248 )
Cash and cash equivalents at beginning of
year

2

1,848,951

2,032,199

Cash and cash equivalents at end of year 2 2,274,195 1,848,951

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Cash Flow Statement
for the Year Ended 31st October 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 878,323 1,106,311
Depreciation charges 782,836 566,240
Gain on revaluation of fixed assets (184 ) (69 )
Finance costs 130,661 119,879
Finance income (78,425 ) (325,838 )
1,713,211 1,466,523
(Increase)/decrease in trade and other debtors (704,187 ) 390,727
Increase/(decrease) in trade and other creditors 1,135,431 (2,416,936 )
Cash generated from operations 2,144,455 (559,686 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st October 2024
31.10.24 1.11.23
£    £   
Cash and cash equivalents 2,274,195 1,848,951
Year ended 31st October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 1,848,951 2,032,199


BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Cash Flow Statement
for the Year Ended 31st October 2024

3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.11.23 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank and in hand 1,848,951 425,244 2,274,195
1,848,951 425,244 2,274,195

Liquid resources
Current asset investments 1,342 184 1,526
1,342 184 1,526
Debt
Finance leases (5,310 ) (365,001 ) (370,311 )
(5,310 ) (365,001 ) (370,311 )
Total 1,844,983 60,427 1,905,410

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Blaze Construction Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Office Equipment - 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

2. ACCOUNTING POLICIES - continued

Construction contracts
In respect of long term contracts for on-going services, turnover represents the value of work done in the year. Turnover and costs in respect of long term contract and contracts for on-going services are recognised by reference to the stage of completion.

The stage of completion of contracts in progress is determined using the proportion that sales applied for to date bear to the estimated total sales. The amount of total profit expected is applied to the current stage of completion to identify the proportion of total turnover earned.

Retentions are released to the profit and loss account as income when it is probable that the company will receive the consideration due under the contract.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,212,787 2,983,121
Social security costs 330,287 322,198
Other pension costs 141,207 83,465
3,684,281 3,388,784

The average number of employees during the year was as follows:
2024 2023

Office and Administration 22 22
Labour and direct employees 48 53
70 75

2024 2023
£    £   
Directors' remuneration 227,392 270,647

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 95,373 104,616

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Plant hire 1,354,474 1,075,564
Other operating leases 214,833 193,691
Depreciation - owned assets 782,836 566,241
Auditors' remuneration 25,325 7,000

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

5. EXCEPTIONAL ITEMS
2024 2023
£    £   
Non-trading loan write back - 200,000

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Hire purchase 7,599 3,853
Preference share dividends 123,062 116,026
130,661 119,879

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 187,687 377,138

Deferred tax (150,506 ) 109,532
Tax on profit 37,181 486,670

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 878,323 1,106,311
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

219,581

276,578

Effects of:
Expenses not deductible for tax purposes 36,664 33,336
Capital allowances in excess of depreciation (150,506 ) -
Depreciation in excess of capital allowances - 109,532
Change in rate of tax (68,558 ) 67,224
Total tax charge 37,181 486,670

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

8. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1st November 2023 1,496,250 1,101,463 30,410 2,628,123
Additions 671,438 374,475 6,749 1,052,662
Disposals - - (737 ) (737 )
At 31st October 2024 2,167,688 1,475,938 36,422 3,680,048
DEPRECIATION
At 1st November 2023 654,157 346,877 16,607 1,017,641
Charge for year 450,601 324,321 7,914 782,836
At 31st October 2024 1,104,758 671,198 24,521 1,800,477
NET BOOK VALUE
At 31st October 2024 1,062,930 804,740 11,901 1,879,571
At 31st October 2023 842,093 754,586 13,803 1,610,482

Included in the above net book value are £455,439 (2023: £Nil) assets held under hire purchase and finance lease agreements.

9. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1st November 2023
and 31st October 2024 40
NET BOOK VALUE
At 31st October 2024 40
At 31st October 2023 40

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 487,843 957,733
Amounts owed by group undertakings 946,226 624,695
Amounts recoverable on contract 4,629,108 3,559,463
Other debtors 49,116 53,732
VAT 277,849 208,748
Prepayments 202,865 162,917
6,593,007 5,567,288

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

11. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 1,526 1,342
Market value of listed investments at 31st October 2024 - £ 1,526 (2023 - £ 1,342 ).

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 14) 157,938 5,310
Payments on account 1,670,900 872,144
Trade creditors 4,035,584 2,712,168
Amounts owed to group undertakings - 514,508
Tax (65,930 ) (109,606 )
Social security and other taxes 100,580 106,747
Other creditors 209,984 1,199,413
Accrued expenses 219,573 210,718
6,328,629 5,511,402

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 14) 212,373 -
Preference Shares 903,054 903,054
1,115,427 903,054

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 157,938 5,310
Between one and five years 212,373 -
370,311 5,310

15. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 399,002 549,508

BLAZE CONSTRUCTION LIMITED (REGISTERED NUMBER: 02638533)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

15. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2023 549,508
Provided during year (150,506 )
Balance at 31st October 2024 399,002

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
912 Ordinary A £1 91 91
288 Ordinary B £1 29 29
120 120

17. RESERVES
Retained
earnings
£   

At 1st November 2023 2,064,019
Profit for the year 841,142
At 31st October 2024 2,905,161

18. ULTIMATE PARENT COMPANY

Kells Holdings Limited, a company registered in England & Wales, is the immediate and ultimate parent undertaking.

19. RELATED PARTY DISCLOSURES

Allround Plant Limited, a wholly owned subsidiary of Kells Holdings Limited owed £946,226 at the year end to Blaze Construction Limited (2023: Allround Plant Limited owed £624,695 to Blaze Constructions Limited) having loaned £321,531 during the year. The current loan is repayable on demand.

During the year the company was invoiced £1,254,957 (2023: £1,441,181) for plant and vehicle hire on a commercial basis by Allround Plant Limited and recharged plant repairs and maintenance costs of £452,262 (2023: £323,792). Further recharged costs in the year were Insurance £1,200 and Management fees £126,480.

At 31st October 2024 the company owed £nil (2023: £514,508) to its parent undertaking, Kells Holdings Limited.

20. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr E.M. Broderick by virtue of his majority shareholding in Kells Holdings Limited, the parent company.