REGISTERED NUMBER: 09875845 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BLACKSMITHS GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Drewett

N A Hutchings

J W Howkins

REGISTERED OFFICE:

Formal House

St. George's Place

Cheltenham

GL50 3PN

REGISTERED NUMBER:

09875845 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Tangible assets

4

8,456

7,601

CURRENT ASSETS

Debtors

5

5,129,450

506,789

Cash at bank

438,837

300,151

5,568,287

806,940

CREDITORS

Amounts falling due within one year

6

5,000,145

481,491

NET CURRENT ASSETS

568,142

325,449

TOTAL ASSETS LESS CURRENT LIABILITIES

576,598

333,050

CREDITORS

Amounts falling due after more than one year

7

(137,569

)

(178,577

)

PROVISIONS FOR LIABILITIES

(2,114

)

(1,900

)

NET ASSETS

436,915

152,573

CAPITAL AND RESERVES

Called up share capital

14

13

Retained earnings

436,901

152,560

436,915

152,573

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 27 November 2025 and were signed on its behalf by:

J D Drewett - Director

N A Hutchings - Director

1.	STATUTORY INFORMATION

Blacksmiths Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Recognised when services have been

rendered.

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

-

20% on cost

Computer equipment

-

20% on cost

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, loans from banks and other third parties.

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 or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and the best estimate, which is an approximation, of

the amount the company would receive for the asset if it were to be sold at the reporting date.

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.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Going concern

There are no material uncertainties that may cast significant doubt about the company’s ability to

continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

8,085

82,853

90,938

Additions

273

5,209

5,482

At 31 March 2025

8,358

88,062

96,420

DEPRECIATION

At 1 April 2024

7,792

75,545

83,337

Charge for year

416

4,211

4,627

At 31 March 2025

8,208

79,756

87,964

NET BOOK VALUE

At 31 March 2025

150

8,306

8,456

At 31 March 2024

293

7,308

7,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,812,941

392,860

Amounts owed by group undertakings

88,506

-

Other debtors

21,260

5,457

Prepayments and accrued income

206,743

108,472

5,129,450

506,789

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

41,007

113,323

Trade creditors

164,203

169,862

Corporation Tax

40,740

(3,110

)

Social security and other taxes

31,607

59,410

VAT

106,309

100,097

Other creditors

19,433

9,191

Pensions payable

8,521

11,879

Directors' current accounts

-

1,338

Deferred income

4,458,339

-

Accrued expenses

129,986

19,501

5,000,145

481,491

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

47,318

41,006

Bank loans - 2-5 years

90,251

137,571

137,569

178,577

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

J D Drewett

Balance outstanding at start of year

(1,041

)

(25,000

)

Amounts advanced

1,041

26,195

Amounts repaid

-

(2,236

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(1,041

)

N A Hutchings

Balance outstanding at start of year

(297

)

-

Amounts advanced

297

250

Amounts repaid

-

(547

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(297

)

No Interest is being charged on the loan accounts and there are no set repayment terms.