Company No: 13160120 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	203,000		237,800
Tangible assets	4	1,424,105		1,455,970
		1,627,105		1,693,770
Current assets
Debtors	5	12,271		0
Cash at bank and in hand		517,135		189,745
		529,406		189,745
Creditors: amounts falling due within one year	6	( 340,304)		( 190,972)
Net current assets/(liabilities)		189,102		(1,227)
Total assets less current liabilities		1,816,207		1,692,543
Creditors: amounts falling due after more than one year	7	( 20,682)		( 39,773)
Net assets		1,795,525		1,652,770
Capital and reserves
Called-up share capital	8	1,000		1,000
Share premium account		1,622,998		1,622,998
Profit and loss account		171,527		28,772
Total shareholders' funds		1,795,525		1,652,770

For the financial period ending 31 March 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 financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Blousie and Frank Limited (registered number: 13160120) were approved and authorised for issue by the Board of Directors on 16 December 2025. They were signed on its behalf by:

A Caddow Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Blousie and Frank Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 St. Margarets Street, Bradford-On-Avon, BA15 1DW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of discounts and is recognised when services are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	5 years straight line
Vehicles	4 years straight line
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Grant Income

Grants are recognised based on the accrual model and the income is recognised in the period to which it relates.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	105		97

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	348,000		348,000
At 31 March 2025	348,000		348,000
Accumulated amortisation
At 01 April 2024	110,200		110,200
Charge for the financial period	34,800		34,800
At 31 March 2025	145,000		145,000
Net book value
At 31 March 2025	203,000		203,000
At 31 March 2024	237,800		237,800

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2024	1,500,000		28,018		26,813		119,697		1,674,528
Additions	0		0		11,625		29,268		40,893
Disposals	0		0		( 2,816)		0		( 2,816)
At 31 March 2025	1,500,000		28,018		35,622		148,965		1,712,605
Accumulated depreciation
At 01 April 2024	92,500		14,163		20,668		91,227		218,558
Charge for the financial period	30,000		5,604		7,437		29,072		72,113
Disposals	0		0		( 2,171)		0		( 2,171)
At 31 March 2025	122,500		19,767		25,934		120,299		288,500
Net book value
At 31 March 2025	1,377,500		8,251		9,688		28,666		1,424,105
At 31 March 2024	1,407,500		13,855		6,145		28,470		1,455,970

5. Debtors

	2025		2024
	£		£
Prepayments	7,271		0
Other debtors	5,000		0
	12,271		0

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	36,426		38,849
Trade creditors	1,968		7,065
Amounts owed to directors	34,749		51,705
Accruals and deferred income	151,175		12,109
Corporation tax	67,450		34,603
Other taxation and social security	34,185		32,526
Obligations under finance leases and hire purchase contracts (secured)	7,494		8,241
Other creditors	6,857		5,874
	340,304		190,972

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

	2025		2024
	£		£
Bank loans	20,682		39,773

There are no amounts included above in respect of which any security has been given by the small entity.

Bank borrowings are guaranteed by Government under the CBILS loan scheme.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000