Blygold (UK) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04345937

Blygold (UK) Limited

Filleted Unaudited Financial Statements

31 December 2024

Blygold (UK) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	507,004	406,823

Current assets

Stocks		50,314	55,029
Debtors	6	996,723	759,348
Cash at bank and in hand		370,006	321,792
		------------	------------
		1,417,043	1,136,169

Creditors: amounts falling due within one year	7	729,586	549,861
		------------	------------
Net current assets		687,457	586,308
		------------	---------
Total assets less current liabilities		1,194,461	993,131

Creditors: amounts falling due after more than one year	8	28,513	157,062
		------------	---------
Net assets		1,165,948	836,069
		------------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,165,848	835,969
	------------	---------
Shareholders funds	1,165,948	836,069
	------------	---------

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 31 December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Blygold (UK) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

N J J Adnett

Director

Company registration number: 04345937

Blygold (UK) Limited

Notes to the Financial Statements

Year ended 31 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 Olympic House, Unit 1A Corinium Industrial Estate, Raans Road, Amersham, HP6 6YJ.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	2% straight line
Plant and Equipment	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% straight line

Land valued at £65,000 has not been depreciated.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 23 (2023: 18 ).

5. Tangible assets

	Freehold property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	223,677	166,066	269,229	42,474	701,446
Additions	–	131,107	40,045	2,231	173,383
	---------	---------	---------	--------	---------
At 31 December 2024	223,677	297,173	309,274	44,705	874,829
	---------	---------	---------	--------	---------
Depreciation
At 1 January 2024	29,323	129,122	95,947	40,231	294,623
Charge for the year	4,466	18,913	48,326	1,497	73,202
	---------	---------	---------	--------	---------
At 31 December 2024	33,789	148,035	144,273	41,728	367,825
	---------	---------	---------	--------	---------
Carrying amount
At 31 December 2024	189,888	149,138	165,001	2,977	507,004
	---------	---------	---------	--------	---------
At 31 December 2023	194,354	36,944	173,282	2,243	406,823
	---------	---------	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	495,874	421,883
Other debtors	500,849	337,465
	---------	---------
	996,723	759,348
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	56,400	69,512
Trade creditors	274,600	118,004
Corporation tax	87,174	66,821
Social security and other taxes	107,483	79,508
Other creditors	203,929	216,016
	---------	---------
	729,586	549,861
	---------	---------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	18,613	130,244
Other creditors	9,900	26,818
	--------	---------
	28,513	157,062
	--------	---------

9. Operating leases

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

	2024	2023
	£	£
Later than 5 years	34,000	34,000
	--------	--------

10. Related party transactions

The company was under the control of Mr N J J Adnett throughout the current and previous year. Mr N J J Adnett is the majority shareholder. On 1 November 2022 the company entered into a 15 year lease for its' premises with Northern Accommodation Providers Limited at an annual rental of £34,000.