IRIS Accounts Production v25.2.0.378 08568425 director 1.1.24 31.12.24 31.12.24 24/7/25 false true false false true false Auditors Opinion Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085684252023-12-31085684252024-12-31085684252024-01-012024-12-31085684252022-12-31085684252023-01-012023-12-31085684252023-12-3108568425ns15:EnglandWales2024-01-012024-12-3108568425ns14:PoundSterling2024-01-012024-12-3108568425ns10:Director12024-01-012024-12-3108568425ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3108568425ns10:SmallEntities2024-01-012024-12-3108568425ns10:Audited2024-01-012024-12-3108568425ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3108568425ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3108568425ns10:FullAccounts2024-01-012024-12-3108568425ns10:OrdinaryShareClass12024-01-012024-12-3108568425ns10:RegisteredOffice2024-01-012024-12-3108568425ns5:CurrentFinancialInstruments2024-12-3108568425ns5:CurrentFinancialInstruments2023-12-3108568425ns5:Non-currentFinancialInstruments2024-12-3108568425ns5:Non-currentFinancialInstruments2023-12-3108568425ns5:ShareCapital2024-12-3108568425ns5:ShareCapital2023-12-3108568425ns5:RetainedEarningsAccumulatedLosses2024-12-3108568425ns5:RetainedEarningsAccumulatedLosses2023-12-3108568425ns5:LeaseholdImprovements2023-12-3108568425ns5:FurnitureFittings2023-12-3108568425ns5:MotorVehicles2023-12-3108568425ns5:LeaseholdImprovements2024-01-012024-12-3108568425ns5:FurnitureFittings2024-01-012024-12-3108568425ns5:MotorVehicles2024-01-012024-12-3108568425ns5:LeaseholdImprovements2024-12-3108568425ns5:FurnitureFittings2024-12-3108568425ns5:MotorVehicles2024-12-3108568425ns5:LeaseholdImprovements2023-12-3108568425ns5:FurnitureFittings2023-12-3108568425ns5:MotorVehicles2023-12-3108568425ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3108568425ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108568425ns5:WithinOneYear2024-12-3108568425ns5:WithinOneYear2023-12-3108568425ns5:BetweenOneFiveYears2024-12-3108568425ns5:BetweenOneFiveYears2023-12-3108568425ns5:AllPeriods2024-12-3108568425ns5:AllPeriods2023-12-3108568425ns5:DeferredTaxation2023-12-3108568425ns5:DeferredTaxation2024-01-012024-12-3108568425ns5:DeferredTaxation2024-12-3108568425ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 08568425 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BLASER GROUP LTD

BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLASER GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: F L Hanner





REGISTERED OFFICE: Unit 12 The Pines
The Pines Trading Estate
Broad Street
Guildford
GU3 3BH





REGISTERED NUMBER: 08568425 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,145 48,436

CURRENT ASSETS
Stocks 5 2,231,261 2,430,618
Debtors 6 764,097 1,284,727
Cash at bank 386,952 325,224
3,382,310 4,040,569
CREDITORS
Amounts falling due within one year 7 2,716,039 3,175,778
NET CURRENT ASSETS 666,271 864,791
TOTAL ASSETS LESS CURRENT LIABILITIES 714,416 913,227

CREDITORS
Amounts falling due after more than one year 8 (277,582 ) (277,582 )

PROVISIONS FOR LIABILITIES 10 (8,353 ) (10,785 )
NET ASSETS 428,481 624,860

CAPITAL AND RESERVES
Called up share capital 11 50,000 50,000
Retained earnings 378,481 574,860
SHAREHOLDERS' FUNDS 428,481 624,860

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 July 2025 and were signed by:





F L Hanner - Director


BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

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


1. STATUTORY INFORMATION

Blaser Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/ value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliable measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

- Motor vehicles - 25% reducing balance
- Fixtures, fittings and equipment - 25% reducing balance
- Leasehold improvements - 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recongised immediately in Statement of Income and Retained Earnings.

Taxation
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in Statement of Income and Retained Earnings.

The current income tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reports date in the countries where the company operates and generates taxable income.

Foreign currency transactions and balances
Transactions in currencies other than the functions currency of the individual entities (foreign currencies) are recognised at the spot rate at the dates of the transactions, or at an average rate where this rate approximates the actual rate at the date of transaction. At th end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at the date.

Exchange difference are recognised in the Statement of Income and Retained Earnings in the period in which they arise.

BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

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


2. ACCOUNTING POLICIES - continued

Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transactions price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amoritsed cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 44,486 189,750 21,230 255,466
Additions - 14,734 - 14,734
At 31 December 2024 44,486 204,484 21,230 270,200
DEPRECIATION
At 1 January 2024 38,401 148,016 20,613 207,030
Charge for year 1,521 13,350 154 15,025
At 31 December 2024 39,922 161,366 20,767 222,055
NET BOOK VALUE
At 31 December 2024 4,564 43,118 463 48,145
At 31 December 2023 6,085 41,734 617 48,436

5. STOCKS
2024 2023
£    £   
Finished goods 2,231,261 2,430,618

BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 723,543 1,090,644
Amounts owed by group undertakings 29,178 102,996
Other debtors 11,376 91,087
764,097 1,284,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,202 55,662
Amounts owed to group undertakings 2,625,303 3,038,172
Tax (6,250 ) 11,916
Social security and other taxes 7,937 6,681
VAT 21,086 3,278
Other creditors 2,233 -
Accruals and deferred income 30,528 60,069
2,716,039 3,175,778

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 277,582 277,582

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 134,775 133,905
Between one and five years 137,011 271,786
271,786 405,691

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,353 10,785

Deferred
tax
£   
Balance at 1 January 2024 10,785
Provided during year (2,432 )
Balance at 31 December 2024 8,353

BLASER GROUP LTD (REGISTERED NUMBER: 08568425)

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


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary Shares £1 50,000 50,000

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

13. PARENT AND ULTIMATE CONTROLLING PARTY

Blaser Group Ltd (UK) is a subsidiary of Blaser Group GmbH, which is incorporated in Germany. The ultimate parent entity of Blaser Group GmbH, and therefore the ultimate controlling party of the Group, is L&O Holding GmbH & Co. KG, also incorporated in Germany.