REGISTERED NUMBER: 01503867 (England and Wales)

B & L Equipment Limited

Unaudited Financial Statements

For The Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

G Garrard

C Garrard

Mrs C A Garrard

SECRETARY:

Mrs C A Garrard

REGISTERED OFFICE:

Unit 23

Blue Stem Road

Ransomes Industrial Estate

Ipswich

Suffolk

IP3 9RR

REGISTERED NUMBER:

01503867 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Intangible assets

4

30,000

30,000

Tangible assets

5

44,294

59,056

74,294

89,056

CURRENT ASSETS

Debtors

6

796,842

709,308

Cash at bank

951,398

1,047,642

1,748,240

1,756,950

CREDITORS

Amounts falling due within one year

7

554,705

705,295

NET CURRENT ASSETS

1,193,535

1,051,655

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,829

1,140,711

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Revaluation reserve

9

4,400

4,400

Retained earnings

9

1,262,429

1,135,311

SHAREHOLDERS' FUNDS

1,267,829

1,140,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 16th December 2025 and were signed on its behalf by:

C Garrard - Director

1.	STATUTORY INFORMATION

B & L Equipment Limited 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.

Goodwill

Goodwill is being written off in equal instalments over its estimated economic life of 20 years

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.

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

-

25% on reducing balance

Motor vehicles

-

25% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 87 (2024 - 78 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

330,000

AMORTISATION

At 1st April 2024

and 31st March 2025

300,000

NET BOOK VALUE

At 31st March 2025

30,000

At 31st March 2024

30,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1st April 2024

and 31st March 2025

52,301

205,311

204,128

461,740

DEPRECIATION

At 1st April 2024

35,563

167,752

199,369

402,684

Charge for year

4,184

9,389

1,189

14,762

At 31st March 2025

39,747

177,141

200,558

417,446

NET BOOK VALUE

At 31st March 2025

12,554

28,170

3,570

44,294

At 31st March 2024

16,738

37,559

4,759

59,056

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

787,084

699,550

Associated undertakings

9,758

9,758

796,842

709,308

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

296,605

402,385

Tax

68,404

78,466

Social security and other taxes

53,326

44,393

VAT

135,595

179,276

Accrued expenses

775

775

554,705

705,295

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary B

£1

100

100

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

900

Share capital 1

£1

900

900

9.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st April 2024

1,135,311

4,400

1,139,711

Profit for the year

193,118

-

193,118

Dividends

(66,000

)

-

(66,000

)

At 31st March 2025

1,262,429

4,400

1,266,829