BLT Direct Limited 05266419 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is the retail of lighting products and associated goods. Digita Accounts Production Advanced 6.30.9574.0 true 05266419 2024-05-01 2025-04-30 05266419 2025-04-30 05266419 bus:Director1 1 2025-04-30 05266419 core:OtherMiscellaneousReserve 2025-04-30 05266419 core:RetainedEarningsAccumulatedLosses 2025-04-30 05266419 core:ShareCapital 2025-04-30 05266419 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2025-04-30 05266419 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 05266419 core:PatentsTrademarksLicencesConcessionsSimilar 2025-04-30 05266419 core:FurnitureFittingsToolsEquipment 2025-04-30 05266419 core:MotorVehicles 2025-04-30 05266419 core:OtherPropertyPlantEquipment 2025-04-30 05266419 bus:SmallEntities 2024-05-01 2025-04-30 05266419 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 05266419 bus:FilletedAccounts 2024-05-01 2025-04-30 05266419 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 05266419 bus:RegisteredOffice 2024-05-01 2025-04-30 05266419 bus:CompanySecretaryDirector2 2024-05-01 2025-04-30 05266419 bus:Director1 2024-05-01 2025-04-30 05266419 bus:Director1 1 2024-05-01 2025-04-30 05266419 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 05266419 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 05266419 bus:Agent1 2024-05-01 2025-04-30 05266419 core:OtherMiscellaneousReserve 2024-05-01 2025-04-30 05266419 core:RetainedEarningsAccumulatedLosses 2024-05-01 2025-04-30 05266419 core:ShareCapital 2024-05-01 2025-04-30 05266419 core:CopyrightsPatentsTrademarksServiceOperatingRights 2024-05-01 2025-04-30 05266419 core:PatentsTrademarksLicencesConcessionsSimilar 2024-05-01 2025-04-30 05266419 core:ComputerEquipment 2024-05-01 2025-04-30 05266419 core:FurnitureFittings 2024-05-01 2025-04-30 05266419 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 05266419 core:MotorVehicles 2024-05-01 2025-04-30 05266419 core:OfficeEquipment 2024-05-01 2025-04-30 05266419 core:OtherPropertyPlantEquipment 2024-05-01 2025-04-30 05266419 core:PlantMachinery 2024-05-01 2025-04-30 05266419 countries:EnglandWales 2024-05-01 2025-04-30 05266419 2024-04-30 05266419 bus:Director1 1 2024-04-30 05266419 core:OtherMiscellaneousReserve 2024-04-30 05266419 core:RetainedEarningsAccumulatedLosses 2024-04-30 05266419 core:ShareCapital 2024-04-30 05266419 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 05266419 core:FurnitureFittingsToolsEquipment 2024-04-30 05266419 core:MotorVehicles 2024-04-30 05266419 core:OtherPropertyPlantEquipment 2024-04-30 05266419 2023-05-01 2024-04-30 05266419 2024-04-30 05266419 bus:Director1 1 2024-04-30 05266419 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05266419 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 05266419 core:FurnitureFittingsToolsEquipment 2024-04-30 05266419 core:MotorVehicles 2024-04-30 05266419 core:OtherPropertyPlantEquipment 2024-04-30 05266419 bus:Director1 1 2023-05-01 2024-04-30 05266419 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05266419 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 05266419 core:ShareCapital 2023-05-01 2024-04-30 05266419 2023-04-30 05266419 bus:Director1 1 2023-04-30 05266419 core:RetainedEarningsAccumulatedLosses 2023-04-30 05266419 core:ShareCapital 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 05266419

BLT Direct Limited
Annual Report and Unaudited Financial Statements
Pages for filing with the Registrar
for the Year Ended 30 April 2025

BLT Direct Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Statement of Changes in Equity | 5
Notes to the Unaudited Financial Statements | 6 to 13

BLT Direct Limited

Company Information

Directors | Mr S J Ellwood Mrs W Ellwood

Company secretary | Mrs W Ellwood

Registered office | Unit 9 The Quadrangle The Drift Nacton Road Ipswich Suffolk IP3 9QR

Accountants | Oxlade & Bond Limited Chartered Certified AccountantsUnit 14, Riduna Park Station Road Melton Woodbridge Suffolk IP12 1QT

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BLT Direct Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BLT Direct Limited for the year ended 30 April 2025 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of BLT Direct Limited, as a body, in accordance with the terms of our engagement letter dated 2 October 2025. Our work has been undertaken solely to prepare for your approval the accounts of BLT Direct Limited and state those matters that we have agreed to state to the Board of Directors of BLT Direct Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLT Direct Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BLT Direct Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BLT Direct Limited. You consider that BLT Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BLT Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

2 October 2025

BLT Direct Limited

(Registration number: 05266419)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 2,452 | 1,993
Tangible assets | 5 | 49,804 | 9,999
|  | 52,256 | 11,992
Current assets |  |  |
Stocks | 7 | 169,955 | 171,740
Debtors | 8 | 91,823 | 116,111
Other financial assets | 6 | 43,460 | 84,396
Cash at bank and in hand |  | 100,945 | 38,856
|  | 406,183 | 411,103
Creditors: Amounts falling due within one year | 9 | (422,311) | (417,464)
Net current liabilities |  | (16,128) | (6,361)
Total assets less current liabilities |  | 36,128 | 5,631
Provisions for liabilities (Deferred taxation) |  | (9,860) | (1,230)
Net assets |  | 26,268 | 4,401
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | 253 | -
Profit and loss account |  | 25,915 | 4,301
Shareholders' funds |  | 26,268 | 4,401

BLT Direct Limited

(Registration number: 05266419)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 October 2025 and signed on its behalf by:

......................................... Mr S J Ellwood Director

BLT Direct Limited

Statement of Changes in Equity for the Year Ended 30 April 2025

| Called up share capital £ | Fair value reserve on unlisted investments £ | Profit and loss account £ | Total equity £
At 1 May 2024 | 100 | - | 4,301 | 4,401
Profit for the year | - | - | 81,614 | 81,614
Fair value adjustment | - | 253 | - | 253
Total comprehensive income | - | 253 | 81,614 | 81,867
Dividends | - | - | (60,000) | (60,000)
At 30 April 2025 | 100 | 253 | 25,915 | 26,268

| Called up share capital £ | Profit and loss account £ | Total equity £
At 1 May 2023 | 100 | 6,122 | 6,222
Profit for the year | - | 43,179 | 43,179
Total comprehensive income | - | 43,179 | 43,179
Dividends | - | (45,000) | (45,000)
At 30 April 2024 | 100 | 4,301 | 4,401

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 9 The Quadrangle
The Drift
Nacton Road
Ipswich
Suffolk
IP3 9QR
United Kingdom

These financial statements were authorised for issue by the Board on 2 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and equipment | 15% reducing balance basis
Fixtures and fittings (inc in furniture, fittings & equipment) | 15% reducing balance basis
Office equipment (inc in furniture, fittings & equipment) | 15% reducing balance basis
Computer equipment (inc in furniture, fittings & equipment) | 3 years straight line
Motor vehicles | 25% reducing balance basis

Intangible assets

Separately acquired trademarks are shown at historical cost.
Intangible fixed assets relate to expenditure incurred relating to the registration of trademarks used in the business.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Trademarks pre 30.04.20 | 5 years straight line
Trademarks post 01.05.20 | 10 years straight line

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Investments

Current asset investments relate to short term investments made by the company in unlisted stocks and shares. The value of these investments is included at fair value. Changes in fair value are recognised as part of the profit and loss reserve under a unlisted investments fair value reserve.
Any associated deferred tax movement is also recognised in this unlisted investments fair value reserve.
The unlisted investments fair value reserve forms part of the general reserve but any surpluses shown here are not distributable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
The pension charge includes employer contributions to employees work place pension schemes under the pensions auto enrolment regulations.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 10).

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Trademarks £ | Total £
Cost
At 1 May 2024 | 4,301 | 4,301
Additions acquired separately | 820 | 820
At 30 April 2025 | 5,121 | 5,121
Amortisation
At 1 May 2024 | 2,308 | 2,308
Amortisation charge | 361 | 361
At 30 April 2025 | 2,669 | 2,669
Carrying amount
At 30 April 2025 | 2,452 | 2,452
At 30 April 2024 | 1,993 | 1,993

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Plant and equipment £ | Total £
Cost
At 1 May 2024 | 27,124 | 4,500 | 3,225 | 34,849
Additions | 31,410 | - | 15,695 | 47,105
At 30 April 2025 | 58,534 | 4,500 | 18,920 | 81,954
Depreciation
At 1 May 2024 | 20,482 | 3,036 | 1,332 | 24,850
Charge for the year | 4,721 | 366 | 2,213 | 7,300
At 30 April 2025 | 25,203 | 3,402 | 3,545 | 32,150
Carrying amount
At 30 April 2025 | 33,331 | 1,098 | 15,375 | 49,804
At 30 April 2024 | 6,642 | 1,464 | 1,893 | 9,999

6 | Other financial assets (current and non-current)

| Financial assets at fair value £ | Total £
Current financial assets
Cost or valuation
At 1 May 2024 | 84,396 | 84,396
Transactions in year | (41,257) | (41,257)
At 30 April 2025 | 43,139 | 43,139
Impairment
Fair value adjustment | 321 | 321
At 30 April 2025 | 321 | 321
Carrying amount
At 30 April 2025 | 43,460 | 43,460

This asset relates to an investment made by the company in a general investment account which invests in unlisted investments

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Stocks

| 2025 £ | 2024 £
Stock of goods for resale | 169,955 | 171,740

8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 87,635 | 100,129
Prepayments | 3,950 | 5,269
Other debtors | 238 | 10,713
| 91,823 | 116,111

9 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 227,756 | 255,925
Taxation and social security | 64,662 | 46,917
Accruals and deferred income | 5,263 | 5,389
Other creditors | 124,630 | 109,233
| 422,311 | 417,464

10 | Reserves

The profit and loss reserves of the company have been sub divided into the profit and loss reserve, which is fully distributable, and the component of the reserves relating to unlisted investments fair values which is not a distributable reserve.

The unlisted investments fair value reserve at 30th April 2025 is made up as follows:

Fair value of unlisted investments at 30th April 2025 |  | £43,460
Deferred tax provision on fair values |  | £(67)
Original costs of unlisted investments |  | £(43,140)
Unlisted investments fair value reserve at 30th April 2025 |  | £253

BLT Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

11 | Dividends

Interim dividends paid

|  | 2025 £ |  | 2024 £
Interim dividend of £600.00 (2024 - £450.00) per each ordinary share |  | 60,000 |  | 45,000

12 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £427,580 (2024 - £464,958). The commitments not included in the balance sheet relate to the operating lease commitments in respect of the total lease payments payable by the company to the end of the leases on the business units and office equipment.

13 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Mr S J Ellwood
Loan advance to director | 7,745 | 1,093 | (9,400) | (562)

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
Mr S J Ellwood
Loan advance to director | (5,140) | 12,885 | - | 7,745

Other transactions with directors

Included in creditors at the 30th April 2025 is a sum of £562 which is owed by the company to the director, Mr S J Ellwood (2024 - debtor of £7,745 which was fully repaid in December 2024).
This balance relates to expenses paid personally by the director and is repayable on demand.
The director has not charged interest on this loan made to the company.