Blagdon It Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06480392 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Blagdon It Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Taylor

REGISTERED OFFICE:

Coombe Lodge

The Coombe

Blagdon

Bristol

BS40 7RE

REGISTERED NUMBER:

06480392 (England and Wales)

ACCOUNTANTS:

Blue Sky Accounting Ltd

136 Wedmore Park

Southdown

Bath

BA2 1LA

FIXED ASSETS

Tangible assets

4

9,521

11,930

CURRENT ASSETS

Stocks

7,772

1,569

Debtors

5

116,302

96,153

Cash at bank

12,220

11,773

136,294

109,495

CREDITORS

Amounts falling due within one year

6

91,692

68,138

NET CURRENT ASSETS

44,602

41,357

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,123

53,287

CREDITORS

Amounts falling due after more than one
year

7

5,706

9,392

NET ASSETS

48,417

43,895

CAPITAL AND RESERVES

Called up share capital

8

3

Retained earnings

48,414

43,892

SHAREHOLDERS' FUNDS

48,417

43,895

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 director acknowledges his 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 director and authorised for issue on 30 December 2025 and were signed by:

A J Taylor - Director

1.	STATUTORY INFORMATION

Blagdon It 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

2,755

14,968

14,039

31,762

Additions

-

1,762

At 31 March 2025

2,755

14,968

15,801

33,524

DEPRECIATION

At 1 April 2024

1,093

5,987

12,752

19,832

Charge for year

415

2,994

762

4,171

At 31 March 2025

1,508

8,981

13,514

24,003

NET BOOK VALUE

At 31 March 2025

1,247

5,987

2,287

9,521

At 31 March 2024

1,662

8,981

1,287

11,930

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

116,302

96,153

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

9,126

7,414

Tax

20,579

11,917

Social security and other taxes

290

VAT

24,636

20,762

Other creditors

6,417

7,137

Directors' loan accounts

30,184

20,168

Accruals and deferred income

460

450

91,692

68,138

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

5,706

9,392

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

3

Ordinary

£1

3

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2024 - £20,000) were paid to the director .