ACCOUNTS - Final Accounts

Registered number: 02848637

BLENDART LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024


BLENDART LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


BLENDART LIMITED REGISTERED NUMBER:02848637

STATEMENT OF FINANCIAL POSITION

AS AT 30 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible fixed assets	4		31,222		15,076
Current assets
Debtors: amounts falling due within one year	5	659		3,990
Cash at bank and in hand		443,557		370,864
		444,216		374,854
Current liabilities
Creditors: amounts falling due within one year	6	(83,924)		(71,438)
Net current assets			360,292		303,416

Net assets			391,514		318,492

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		391,512	318,490
		391,514	318,492

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 26 September 2025.

E K Karlsen

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1


BLENDART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

1.	General information

Blendart Limited is a private limited liability company incorporated in England and Wales with its principal place of business at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.
The principal activity of the Company during the year was that of the provision of film production services.
The Company's functional and presentational currency is £ Sterling.

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

Turnover

Turnover comprises revenue recognised by the Company in respect of film production services supplied during the year, exclusive of Value Added Tax.
Turnover is recognised when the service is provided.

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.

Depreciation is provided on the following basis:

Short-term leasehold property	-	10% straight line
Motor vehicles	-	25% straight line
Fixtures & fittings	-	15% reducing balance

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.

2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 2


BLENDART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

2.7

Pensions

Defined contribution pension plan
The Company contributes to 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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

3.	Employees
	The directors were the only employees of the Company during the current and preceding period.

Page 3


BLENDART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

4.	Tangible fixed assets

	S/Term Leasehold Property	Motor vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 31 December 2023	18,890	-	78,547	97,437
Additions	-	23,250	-	23,250
At 30 December 2024	18,890	23,250	78,547	120,687
Depreciation
At 31 December 2023	18,890	-	63,471	82,361
Charge for the year on owned assets	-	4,844	2,260	7,104
At 30 December 2024	18,890	4,844	65,731	89,465
Net book value
At 30 December 2024	-	18,406	12,816	31,222
At 30 December 2023	-	-	15,076	15,076

Page 4


BLENDART LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	659	3,990

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	25,563	26,142
Taxation and social security	13,057	1,192
Other creditors	41,304	40,104
Accruals and deferred income	4,000	4,000
	83,924	71,438

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2 (2023 - 2) Ordinary shares of £1 each	2	2

8.	Related party transactions
	At the reporting date, the Company owed £1,305 (2023 - £104) to the directors of the Company. During the year the Company made various advances to the directors. The maximum debit balance outstanding during the year was £120,452. Interest has been charged at the official HMRC rate.

Page 5