Blok Knives Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09213983

Blok Knives Limited

Filleted Unaudited Financial Statements

31 December 2024

Blok Knives Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	11,110	–
Tangible assets	6	51,391	53,528
		--------	--------
		62,501	53,528

Current assets

Stocks		21,599	49,043
Debtors	7	90,518	75,081
Cash at bank and in hand		–	54,862
		---------	---------
		112,117	178,986

Creditors: amounts falling due within one year	8	58,678	69,405
		---------	---------
Net current assets		53,439	109,581
		---------	---------
Total assets less current liabilities		115,940	163,109

Creditors: amounts falling due after more than one year	9	21,501	11,398

Provisions	( 5,322)	4,702
	---------	---------
Net assets	99,761	147,009
	---------	---------

Capital and reserves

Called up share capital	10	100	100
Share premium account		149,970	149,970
Profit and loss account		( 50,309)	( 3,061)
		---------	---------
Shareholders funds		99,761	147,009
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the 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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blok Knives Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr B Edmonds

Director

Company registration number: 09213983

Blok Knives Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 3b Old Hall Mill Business Park, Alfreton Road, Little Eaton, Derbyshire, DE21 5EJ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a small entity as defined in FRS 102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS 102.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable 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 that are expected to apply to the reversal of the timing difference.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Website costs	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	10% straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Computer Equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Intangible assets

	Website costs
	£
Cost
Additions	11,298
	--------
At 31 December 2024	11,298
	--------
Amortisation
Charge for the year	188
	--------
At 31 December 2024	188
	--------
Carrying amount
At 31 December 2024	11,110
	--------
At 31 December 2023	–
	--------

6. Tangible assets

	Leasehold improvements	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	33,593	57,144	13,653	8,622	113,012
Additions	4,656	–	744	1,370	6,770
	--------	--------	--------	-------	---------
At 31 December 2024	38,249	57,144	14,397	9,992	119,782
	--------	--------	--------	-------	---------
Depreciation
At 1 January 2024	758	46,223	5,076	7,427	59,484
Charge for the year	3,566	2,730	2,283	328	8,907
	--------	--------	--------	-------	---------
At 31 December 2024	4,324	48,953	7,359	7,755	68,391
	--------	--------	--------	-------	---------
Carrying amount
At 31 December 2024	33,925	8,191	7,038	2,237	51,391
	--------	--------	--------	-------	---------
At 31 December 2023	32,835	10,921	8,577	1,195	53,528
	--------	--------	--------	-------	---------

7. Debtors

	2024	2023
	£	£
Trade debtors	28,284	5,261
Amounts owed by related parties	–	7,687
Prepayments and accrued income	92	–
Directors loan account	46,372	46,489
Other debtors	15,770	15,644
	--------	--------
	90,518	75,081
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	12,795	7,601
Trade creditors	7,780	24,090
Accruals and deferred income	4,053	5,548
Corporation tax	6,113	19,636
Social security and other taxes	15,937	12,530
Other creditors	12,000	–
	--------	--------
	58,678	69,405
	--------	--------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	3,501	11,398
Other creditors	18,000	–
	--------	--------
	21,501	11,398
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary A shares of £ 1 each	70	70	70	70
Ordinary B shares of £ 1 each	30	30	30	30
	----	----	----	----
	100	100	100	100
	----	----	----	----

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B Edmonds	46,489	45,485	( 45,602)	46,372
	--------	--------	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B Edmonds	12,391	68,696	( 34,598)	46,489
	--------	--------	--------	--------

12. Related party transactions

BFA Knvies Limited During the year an amount of £7,687 (2023: £nil) was written off a loan due from a related party, BFA Knives Limited, a company which had a common director, as a result of the company being dissolved at Companies House. J Edmonds Included within other creditors is a loan of £30,000 due to J Edmonds, a family member of one of the directors. This loan has been split as £12,000 due within one year, and £18,000 due after one year.