Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312025-05-13No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-0156falsetruefalse 03027762 2024-01-01 2024-12-31 03027762 2023-01-01 2023-12-31 03027762 2024-12-31 03027762 2023-12-31 03027762 c:Director1 2024-01-01 2024-12-31 03027762 d:PlantMachinery 2024-01-01 2024-12-31 03027762 d:PlantMachinery 2024-12-31 03027762 d:PlantMachinery 2023-12-31 03027762 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 03027762 d:MotorVehicles 2024-01-01 2024-12-31 03027762 d:FurnitureFittings 2024-01-01 2024-12-31 03027762 d:ComputerEquipment 2024-01-01 2024-12-31 03027762 d:CurrentFinancialInstruments 2024-12-31 03027762 d:CurrentFinancialInstruments 2023-12-31 03027762 d:Non-currentFinancialInstruments 2024-12-31 03027762 d:Non-currentFinancialInstruments 2023-12-31 03027762 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 03027762 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 03027762 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 03027762 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 03027762 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 03027762 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 03027762 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 03027762 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 03027762 d:ShareCapital 2024-12-31 03027762 d:ShareCapital 2023-12-31 03027762 d:RetainedEarningsAccumulatedLosses 2024-12-31 03027762 d:RetainedEarningsAccumulatedLosses 2023-12-31 03027762 c:FRS102 2024-01-01 2024-12-31 03027762 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03027762 c:FullAccounts 2024-01-01 2024-12-31 03027762 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03027762 2 2024-01-01 2024-12-31 03027762 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 03027762













BLITHFIELD & COMPANY LIMITED
UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


 
BLITHFIELD & COMPANY LIMITED
REGISTERED NUMBER:03027762


BALANCE SHEET
AS AT 31 DECEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,373
9,663

  
5,373
9,663

Current assets
  

Stocks
  
395,853
431,092

Debtors: amounts falling due within one year
 5 
149,582
58,421

Cash at bank and in hand
  
68,553
127,982

  
613,988
617,495

Creditors: amounts falling due within one year
 6 
(338,022)
(337,057)

Net current assets
  
 
 
275,966
 
 
280,438

Total assets less current liabilities
  
281,339
290,101

Creditors: amounts falling due after more than one year
 7 
(78,210)
(88,574)

  

Net assets
  
203,129
201,527


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
203,126
201,524

  
203,129
201,527

Page 1


 
BLITHFIELD & COMPANY LIMITED
REGISTERED NUMBER:03027762

    
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 financial statements have been prepared 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 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 13 May 2025.



E Downing
Director

The notes on pages 3 to 8 form part of these financial statements.
Page 2


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Blithfield & Co Limited is a limited company incorporated and domiciled in England and Wales. The company's registered office is 2 Inkerman Terrace Allen Street, London, W8 6QX.
The principal activities of the company during the year are design and sales of wallpaper and fabrics. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

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.

Page 3


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Colourist and documents
-
10%
Screens
-
20%
Fixtures and fittings
-
25%
Computer equipment
-
33%

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.

  
2.4

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 first in, first out basis. 
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. 

 
2.5

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.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

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.

Page 4


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

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'.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

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.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.13

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 6).


4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2024
211,748


Additions
1,589



At 31 December 2024

213,337



Depreciation


At 1 January 2024
202,085


Charge for the year on owned assets
5,879



At 31 December 2024

207,964



Net book value



At 31 December 2024
5,373



At 31 December 2023
9,663

Page 6


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
131,018
34,686

Other debtors
18,564
23,735

149,582
58,421



6.


Creditors: amounts falling due within one year

As restated
2024
2023
£
£

Bank loans
18,182
18,182

Trade creditors
138,684
148,603

Other taxation and social security
7,731
7,352

Other creditors
9,533
9,517

Accruals and deferred income
163,892
153,403

338,022
337,057



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,891
27,273

Other creditors
68,319
61,301

78,210
88,574


Page 7


 
BLITHFIELD & COMPANY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
18,182
18,182

Amounts falling due 1-2 years

Bank loans
9,891
18,182

Amounts falling due 2-5 years

Bank loans
-
9,091


28,073
45,455



9.


Prior year adjustment

In preparing the financial statements it was found that the company's closing stock as at 31 December 2023 was overstated. As a result, a prior year adjustment was made, increasing the cost of sales in 2023 by £58,731 (net of tax: £56,956) and decreasing closing stock by the same amount. The opening reserves have been adjusted to reflect the full impact of this correction.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £3,262 (2023 - £3,131). Contributions totalling £841 (2023 - £825) were payable to the fund at the balance sheet date.

 
Page 8