REGISTERED NUMBER: 11772531 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BLOCKSMART CONSULTING LTD

TRADING AS

FIRESYDE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Hutley

V Hutley

SECRETARY:

REGISTERED OFFICE:

Slades Farm House

Thorncombe Street

Bramley

Guildford

Surrey

GU5 0LT

REGISTERED NUMBER:

11772531 (England and Wales)

ACCOUNTANT:

Bernard Brace FCCA

52 Smithbrook Kilns

Cranleigh

Surrey

GU6 8JJ

FIXED ASSETS

Intangible assets

4

38,144

43,224

Tangible assets

5

383,201

144,770

421,345

187,994

CURRENT ASSETS

Debtors

6

978

12,203

Cash at bank

4,295

129,888

5,273

142,091

CREDITORS

Amounts falling due within one year

7

217,368

20,822

NET CURRENT (LIABILITIES)/ASSETS

(212,095

)

121,269

TOTAL ASSETS LESS CURRENT LIABILITIES

209,250

309,263

CREDITORS

Amounts falling due after more than one year

8

421,737

296,845

NET (LIABILITIES)/ASSETS

(212,487

)

12,418

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

(212,587

)

12,318

(212,487

)

12,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

F Hutley - Director

1.	STATUTORY INFORMATION

BLOCKSMART CONSULTING LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Research & Developments Costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

50,804

AMORTISATION

At 1 February 2024

7,580

Charge for year

5,080

At 31 January 2025

12,660

NET BOOK VALUE

At 31 January 2025

38,144

At 31 January 2024

43,224

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 February 2024

170,978

17,235

188,213

Additions

305,226

830

306,056

At 31 January 2025

476,204

18,065

494,269

DEPRECIATION

At 1 February 2024

40,857

2,586

43,443

Charge for year

65,303

2,322

67,625

At 31 January 2025

106,160

4,908

111,068

NET BOOK VALUE

At 31 January 2025

370,044

13,157

383,201

At 31 January 2024

130,121

14,649

144,770

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

978

12,203

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

2,715

-

Trade creditors

8,309

1,272

Taxation and social security

9,091

4,712

Other creditors

197,253

14,838

217,368

20,822

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

280,796

155,904

Other creditors

140,941

140,941

421,737

296,845

9.

RESERVES

Retained

earnings

£

At 1 February 2024

12,318

Deficit for the year

(224,905

)

At 31 January 2025

(212,587

)

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included under Other Creditors is an advance from Mr F Hutley a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

F Hutley

Balance outstanding at start of year

140,941

55,000

Amounts advanced

-

85,941

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

140,941

140,941