Acorah Software Products - Accounts Production 16.4.675 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 01605318 M J Bliss K L Burton M E Bliss M E Bliss iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01605318 2023-10-31 01605318 2024-10-31 01605318 2023-11-01 2024-10-31 01605318 frs-core:CurrentFinancialInstruments 2024-10-31 01605318 frs-core:Non-currentFinancialInstruments 2024-10-31 01605318 frs-core:BetweenOneFiveYears 2024-10-31 01605318 frs-core:FurnitureFittings 2024-10-31 01605318 frs-core:FurnitureFittings 2023-11-01 2024-10-31 01605318 frs-core:FurnitureFittings 2023-10-31 01605318 frs-core:MotorVehicles 2024-10-31 01605318 frs-core:MotorVehicles 2023-11-01 2024-10-31 01605318 frs-core:MotorVehicles 2023-10-31 01605318 frs-core:PlantMachinery 2024-10-31 01605318 frs-core:PlantMachinery 2023-11-01 2024-10-31 01605318 frs-core:PlantMachinery 2023-10-31 01605318 frs-core:WithinOneYear 2024-10-31 01605318 frs-core:ShareCapital 2024-10-31 01605318 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 01605318 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01605318 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 01605318 frs-bus:SmallEntities 2023-11-01 2024-10-31 01605318 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 01605318 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 01605318 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 01605318 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 01605318 frs-core:ListedExchangeTraded 2024-10-31 01605318 frs-core:ListedExchangeTraded 2023-10-31 01605318 frs-core:CostValuation frs-core:ListedExchangeTraded 2023-10-31 01605318 frs-core:DisposalsRepaymentsInvestments frs-core:ListedExchangeTraded 2024-10-31 01605318 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:ListedExchangeTraded 2024-10-31 01605318 frs-core:CostValuation frs-core:ListedExchangeTraded 2024-10-31 01605318 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2023-10-31 01605318 frs-core:ProvisionsForImpairmentInvestments frs-core:ListedExchangeTraded 2024-10-31 01605318 frs-bus:Director1 2023-11-01 2024-10-31 01605318 frs-bus:Director2 2023-11-01 2024-10-31 01605318 frs-bus:Director3 2023-11-01 2024-10-31 01605318 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 01605318 frs-countries:EnglandWales 2023-11-01 2024-10-31 01605318 2022-10-31 01605318 2023-10-31 01605318 2022-11-01 2023-10-31 01605318 frs-core:CurrentFinancialInstruments 2023-10-31 01605318 frs-core:Non-currentFinancialInstruments 2023-10-31 01605318 frs-core:BetweenOneFiveYears 2023-10-31 01605318 frs-core:MotorVehicles 2022-11-01 2023-10-31 01605318 frs-core:WithinOneYear 2023-10-31 01605318 frs-core:ShareCapital 2023-10-31 01605318 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 01605318 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31
Registered number: 01605318
M. Bliss (Subcontract Brickwork) Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Elsby & Company Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01605318
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 341,924 206,036
Investment Properties 5 270,000 270,000
Investments 6 1,582 1,738
613,506 477,774
CURRENT ASSETS
Stocks 5,000 5,000
Debtors 7 511,521 510,744
Cash at bank and in hand 654 1,337
517,175 517,081
Creditors: Amounts Falling Due Within One Year 8 (575,331 ) (630,914 )
NET CURRENT ASSETS (LIABILITIES) (58,156 ) (113,833 )
TOTAL ASSETS LESS CURRENT LIABILITIES 555,350 363,941
Creditors: Amounts Falling Due After More Than One Year 9 (116,839 ) (33,314 )
PROVISIONS FOR LIABILITIES
Provisions For Charges (95,831 ) (93,927 )
Deferred Taxation (54,647 ) (34,200 )
NET ASSETS 288,033 202,500
CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 15,709 15,709
Profit and Loss Account 272,224 186,691
SHAREHOLDERS' FUNDS 288,033 202,500
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K L Burton
Director
31st March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M. Bliss (Subcontract Brickwork) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01605318 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Investments
Fixed asset investments comprising listed securities are stated at cost less provision for diminution in value.
2.9. Provision to rectify works
Provision is made for the cost of labour, materials and transport required to rectify brickwork undertaken in the period.
2.10. Investments
Fixed asset investments comprising listed securities are stated at fair value. Any gain or loss on fair value is transferred to the profit and loss account.
Long term contracts
Profit on long term contracts have been attributed to accounting periods based upon their degree of completion at the accounting period end date and the expected overall profit. The valuation in the balance sheet is at net cost, less foreseeable losses and payments on account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 7)
6 7
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 1,087,616 127,662 56,366 1,271,644
Additions 135,380 115,295 - 250,675
Disposals (959,152 ) - - (959,152 )
As at 31 October 2024 263,844 242,957 56,366 563,167
Depreciation
As at 1 November 2023 942,097 69,639 53,872 1,065,608
Provided during the period 32,363 16,907 374 49,644
Disposals (894,009 ) - - (894,009 )
As at 31 October 2024 80,451 86,546 54,246 221,243
Net Book Value
As at 31 October 2024 183,393 156,411 2,120 341,924
As at 1 November 2023 145,519 58,023 2,494 206,036
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 141,175 37,710
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 November 2023 and 31 October 2024 270,000
6. Investments
Listed
£
Cost
As at 1 November 2023 1,738
Disposals (448 )
Revaluations 292
As at 31 October 2024 1,582
Provision
As at 1 November 2023 -
As at 31 October 2024 -
Net Book Value
As at 31 October 2024 1,582
As at 1 November 2023 1,738
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 421,921 431,763
Other debtors 89,600 78,981
511,521 510,744
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 39,745 3,087
Trade creditors 235,631 182,754
Bank loans and overdrafts 77,985 98,887
Other creditors 191,011 293,395
Taxation and social security 30,959 52,791
575,331 630,914
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 116,839 33,314
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10. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 159,583 36,401
Bank loans and overdrafts 77,985 98,887
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 39,745 3,087
Later than one year and not later than five years 116,839 33,314
156,584 36,401
156,584 36,401
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
13. Reserves
Fair Value Reserve
£
As at 1 November 2023 15,709
As at 31 October 2024 15,709
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