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Company Registration No. 08741695 (England and Wales)
BL IT Solutions Ltd Unaudited accounts for the year ended 31 October 2024
BL IT Solutions Ltd Unaudited accounts Contents
Page
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BL IT Solutions Ltd Company Information for the year ended 31 October 2024
Director
Mr B Leach
Company Number
08741695 (England and Wales)
Registered Office
2 Tanker Hill Rainham Gillingham Kent ME8 9EW England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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BL IT Solutions Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,499 
10,068 
Current assets
Debtors
44,500 
37,777 
Cash at bank and in hand
64,407 
2,482 
108,907 
40,259 
Creditors: amounts falling due within one year
(54,272)
(23,864)
Net current assets
54,635 
16,395 
Total assets less current liabilities
60,134 
26,463 
Creditors: amounts falling due after more than one year
(57,127)
(52,394)
Net assets/(liabilities)
3,007 
(25,931)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,907 
(26,031)
Shareholders' funds
3,007 
(25,931)
For the year ending 31 October 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.
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 20 March 2025 and were signed on its behalf by
Mr B Leach Director Company Registration No. 08741695
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BL IT Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
BL IT Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08741695. The registered office is 2 Tanker Hill, Rainham, Gillingham, Kent, ME8 9EW, England.
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:
Motor vehicles
15% on Reducing value
Computer equipment
15% on Reducing value
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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BL IT Solutions Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
11,832 
541 
12,373 
Additions
1,501 
- 
1,501 
Disposals
(5,999)
- 
(5,999)
At 31 October 2024
7,334 
541 
7,875 
Depreciation
At 1 November 2023
1,775 
530 
2,305 
Charge for the year
969 
2 
971 
On disposals
(900)
- 
(900)
At 31 October 2024
1,844 
532 
2,376 
Net book value
At 31 October 2024
5,490 
9 
5,499 
At 31 October 2023
10,057 
11 
10,068 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
300 
8,574 
Other debtors
44,200 
29,203 
44,500 
37,777 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,982 
- 
VAT
10,973 
4,809 
Trade creditors
3,779 
4,954 
Taxes and social security
913 
3,753 
Other creditors
29,125 
10,348 
Accruals
1,500 
- 
54,272 
23,864 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
54,355 
11,000 
Other creditors
2,772 
41,394 
57,127 
52,394 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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