Blockwork Bristol Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Blockwork Bristol Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10962457 . The registered office is First Floor, 5 High Street, Westbury-on-Trym, BS9 3BY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	over 50 years
Plant & Machinery	25% straight line
Leasehold Improvements	over 5 years
Computer Equipment	33.33% straight line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Blockwork Bristol Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

2.5. 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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss. All other investments are subsequently measured ar cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit and loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assesed individually for impairment. Other financial assets are either assessed individually or grouped on the similar basis of credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Leasehold Improvements	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 October 2023	155,419	6,459	-	1,329	163,207
Additions	-	5,518	14,620	-	20,138

As at 30 September 2024	155,419	11,977	14,620	1,329	183,345

...CONTINUED

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Blockwork Bristol Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

Depreciation
As at 1 October 2023	14,505	6,081	-	1,151	21,737
Provided during the period	3,108	837	1,690	178	5,813

As at 30 September 2024	17,613	6,918	1,690	1,329	27,550

Net Book Value
As at 30 September 2024	137,806	5,059	12,930	-	155,795

As at 1 October 2023	140,914	378	-	178	141,470

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	1,440	1,440

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Other loans	5,124	5,124
Other creditors	20,470	720

	25,594	5,844

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Other loans	124,386	129,510

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	32,500	-
Later than one year and not later than five years	130,000	-

	162,500	-

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		155,795		141,470

			155,795		141,470
CURRENT ASSETS
Debtors	5	1,440		1,440
Cash at bank and in hand		9,236		2,419

		10,676		3,859
Creditors: Amounts Falling Due Within One Year	6	(25,594 )		(5,844 )

NET CURRENT ASSETS (LIABILITIES)			(14,918 )		(1,985 )

TOTAL ASSETS LESS CURRENT LIABILITIES			140,877		139,485

Creditors: Amounts Falling Due After More Than One Year	7		(124,386 )		(129,510 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,524 )		(106 )

NET ASSETS			12,967		9,869

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			12,867		9,769

SHAREHOLDERS' FUNDS			12,967		9,869