Blootek Ventures Trading Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13815494

BLOOTEK VENTURES TRADING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 December 2024

BLOOTEK VENTURES TRADING LIMITED

STATEMENT OF FINANCIAL POSITION

30 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,100,000		104,925

CURRENT ASSETS

Stocks		587,336	549,030
Debtors	6	248,104	182,251
Investments	7	7,500	–
Cash at bank and in hand		54,841	24,937
		---------	---------
		897,781	756,218

CREDITORS: amounts falling due within one year	8	( 776,821)		( 581,086)
		---------		---------
NET CURRENT ASSETS			120,960		175,132
			------------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,220,960		280,057

CREDITORS: amounts falling due after more than one year	9	( 658,700)	( 100,013)
		------------	---------
NET ASSETS		562,260	180,044
		------------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	562,160	179,944
	---------	---------
SHAREHOLDERS FUNDS	562,260	180,044
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BLOOTEK VENTURES TRADING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

N C Statman
Director

Company registration number: 13815494

BLOOTEK VENTURES TRADING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 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 20-22 Bridge End, Leeds, LS1 4DJ, 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 . The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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

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.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

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.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON PROFIT

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	30,628	2
	--------	----
Tax on profit	30,628	2
	--------	----

5. TANGIBLE ASSETS

	Freehold property
	£
Cost or valuation
At 1 January 2024	104,925
Additions	704,742
Revaluations	290,333
	------------
At 30 December 2024	1,100,000
	------------
Depreciation
At 1 January 2024 and 30 December 2024	–
	------------
Carrying amount
At 30 December 2024	1,100,000
	------------
At 31 December 2023	104,925
	------------

6. DEBTORS

	2024	2023
	£	£
Other debtors	248,104	182,251
	---------	---------

7. INVESTMENTS

	2024	2023
	£	£
Other investments	7,500	–
	-------	----

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	578,565	518,794
Corporation tax	30,629	42,956
Other creditors	167,627	19,336
	---------	---------
	776,821	581,086
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	658,700	100,013
	---------	---------