Registration number: 14518517

BL Operations Widnes Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

BL Operations Widnes Limited

Balance Sheet
31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	2,528,714	1,821,680
Current assets
Debtors	5	286,876	327,448
Cash at bank and in hand		308,230	144,074
		595,106	471,522
Creditors: Amounts falling due within one year	6	(3,085,055)	(2,290,382)
Net current liabilities		(2,489,949)	(1,818,860)
Net assets		38,765	2,820
Capital and reserves
Called up share capital		100	100
Retained earnings		38,665	2,720
Shareholders' funds		38,765	2,820

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

BL Operations Widnes Limited

Balance Sheet
31 December 2024

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... Mrs P C Holt Director

Company Registration Number: 14518517

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Europa House
Barcroft Street
Bury
Lancashire
BL9 5BT
England

The principal place of business is:
Kingsway House
Caldwell Road
Widnes
WA8 7GD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Going concern

The financial statements have been prepared on a going concern basis. BL Operations Widnes Limited is supported by a co-member of a group; Haircloth Weaving and Finishing Limited.

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

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 reliably 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.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current 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 other comprehensive income.

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

Deferred tax is recognised in respect of all timing difference between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible 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

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:

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Asset class	Depreciation method and rate
Land & Buildings	2% Straight Line Freehold Property & 10% Straight Line Integral Assets and Car Park
Plant & Machinery	10% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	33% Straight Line

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.

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 transaction 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 amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company during the year, was 3 (2023 - 0).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 January 2024	1,849,340	-	-	1,849,340
Additions	495,922	211,598	59,208	766,728
At 31 December 2024	2,345,262	211,598	59,208	2,616,068
Depreciation
At 1 January 2024	27,660	-	-	27,660
Charge for the year	47,648	10,312	1,734	59,694
At 31 December 2024	75,308	10,312	1,734	87,354
Carrying amount
At 31 December 2024	2,269,954	201,286	57,474	2,528,714
At 31 December 2023	1,821,680	-	-	1,821,680

Included within the net book value of land and buildings above is £2,269,954 (2023 - £1,821,680) in respect of freehold land and buildings.
 

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

5

Debtors

Current	Note	2024 £	2023 £
Trade debtors		83,819	140,332
Amounts owed by related parties	8	100	100
Prepayments		141,339	187,016
Other debtors		61,618	-
		286,876	327,448

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		48,372	85,761
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest	8	2,793,378	1,959,125
Taxation and social security		-	30,561
Accruals and deferred income		78,490	214,935
Other creditors		164,815	-
		3,085,055	2,290,382

7	Financial commitments, guarantees and contingencies

At 31st December 2024 the company was commited to the continuing refurbishment of Kingsway House, the total cost of which is in the region of £550,000. This will be financed from cash reserves, ongoing profits and further loans from Haircloth Weaving and Finishing Company Limited.

8	Related party transactions

Loans from related parties

2024	Other related parties £	Total £
At start of period	1,959,125	1,959,125
Advanced	834,252	834,252
At end of period	2,793,377	2,793,377

BL Operations Widnes Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2024

2023	Other related parties £	Total £
Advanced	1,959,125	1,959,125
At end of period	1,959,125	1,959,125

Terms of loans from related parties

BL Operations Widnes has borrowed £2,793,377 (2023: £1,959,125) from co-members of a group, Haircloth Weaving and Finishing Limited and BL Operations Limited. The loans are interest free.

9	Parent and ultimate parent undertaking

The Company's immediate parent is HWL Holdings Limited, incorporated in England.