BLACK BULL MANAGEMENT SERVICES LTD


Directors	Mr N Geertzema
	Mr H Van Boeckel


Registered Address	The Estate Office Hetton Steads
	Lowick
	Berwick Upon Tweed
	TD15 2UL


Registered Number	12475824 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		94,550		100,750
Tangible assets	5		698,014		705,823
			792,564		806,573
Current assets
Stocks		13,929		18,064
Debtors	6	6,334		31,879
Cash at bank and on hand		16,547		11,118
		36,810		61,061
Creditors amounts falling due within one year	7	(109,185)		(111,287)
Net current assets (liabilities)			(72,375)		(50,226)
Total assets less current liabilities			720,189		756,347
Creditors amounts falling due after one year	8		(760,671)		(797,980)
Provisions for liabilities	9		(7,000)		(8,400)
Net assets			(47,482)		(50,033)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(47,582)		(50,133)
Shareholders' funds			(47,482)		(50,033)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 August 2025, and are signed on its behalf by:

Mr N Geertzema
Director
Registered Company No. 12475824

BLACK BULL MANAGEMENT SERVICES LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Going concern
	As disclosed in note 11, there are amounts owed to a related business, the directors have sought assurances that the entity will not demand repayment of those liabilities to the detriment of the company. As a result, the management have reviewed the current business status and have no intentions of ceasing the company or liquidating, nor do they believe that there are any material uncertainties that cast significant doubt on the company's ability to trade post year end. It is therefore appropriate to prepare these accounts on a going concern basis.

Going concern

As disclosed in note 11, there are amounts owed to a related business, the directors have sought assurances that the entity will not demand repayment of those liabilities to the detriment of the company.  As a result, the management have reviewed the current business status and have no intentions of ceasing the company or liquidating, nor do they believe that there are any material uncertainties that cast significant doubt on the company's ability to trade post year end.  It is therefore appropriate to prepare these accounts on a going concern basis.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: No depreciation is provided on freehold property.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:

No depreciation is provided on freehold property.


		Straight line (years)
	Plant and machinery	25
	Vehicles	25

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	18		16

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	124,000	124,000
At 31 March 25	124,000	124,000
Amortisation and impairment
At 01 April 24	23,250	23,250
Charge for year	6,200	6,200
At 31 March 25	29,450	29,450
Net book value
At 31 March 25	94,550	94,550
At 31 March 24	100,750	100,750

4.	Useful life of intangible assets
	Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. The estimated useful life of goodwill has been set at 20 years and the asset will be amortized on a straight line over that period.

5.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Total
	£	£	£	£
Cost or valuation
At 01 April 24	661,165	91,906	8,500	761,571
Additions	-	2,309	5,250	7,559
Disposals	-	-	(8,500)	(8,500)
At 31 March 25	661,165	94,215	5,250	760,630
Depreciation and impairment
At 01 April 24	-	51,232	4,516	55,748
Charge for year	-	10,618	766	11,384
On disposals	-	-	(4,516)	(4,516)
At 31 March 25	-	61,850	766	62,616
Net book value
At 31 March 25	661,165	32,365	4,484	698,014
At 31 March 24	661,165	40,674	3,984	705,823

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	3,319	21,469
Prepayments and accrued income	3,015	10,410
Total	6,334	31,879


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	12,509	14,986
Bank borrowings and overdrafts	50,766	52,674
Taxation and social security	10,310	10,433
Other creditors	26,574	22,554
Accrued liabilities and deferred income	9,026	10,640
Total	109,185	111,287


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	280,263	329,121
Other creditors	480,408	468,859
Total	760,671	797,980

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	7,000	8,400
Total	7,000	8,400

10.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £1,226 (2024 - £1,174).

11.	Related party transactions
	Included in other creditors (Non Current) is £480,407 (2024 - £468,859) which was owed to Hetton Management Services, a partnership in which some directors of Black Bull Management Services Ltd are partners.