Bloxwich Metal Finishing Co. Limited

Registered number

01554331

Filleted Accounts

31 December 2024

Bloxwich Metal Finishing Co. Limited
Registered number:		01554331
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		47,725			54,869

Current assets
Debtors	4	122,086			109,453

Creditors: amounts falling due within one year	5	(58,060)			(54,977)

Net current assets			64,026			54,476

Total assets less current liabilities			111,751			109,345

Creditors: amounts falling due after more than one year	6		(84,566)			(94,616)



Net assets			27,185			14,729

Capital and reserves
Called up share capital			24			24
Profit and loss account			27,161			14,705

Shareholders' funds			27,185			14,729

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Grosvenor
Director
Approved by the board on 31 December 2025

Bloxwich Metal Finishing Co. Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024


1	Accounting policies

	Turnover
	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 from 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Plant and machinery	25% reducing balance
	Motor vehicles	25% reducing balance


	Debtors
	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, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 October 2023	173,122		38,250		211,372
	At 31 December 2024	183,372		38,250		221,622

	Depreciation
	At 1 October 2023	129,015		27,488		156,503
	Charge for the period	14,703		2,691		17,394
	At 31 December 2024	143,718		30,179		173,897

	Net book value
	At 31 December 2024	39,654		8,071		47,725
	At 30 September 2023	44,107		10,762		54,869


4	Debtors			2024		2023
£					£

	Trade debtors			28,990		15,975
	Other debtors			93,096		93,478
				122,086		109,453


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			18,276		20,581
	Trade creditors			18,995		10,522
	Taxation and social security costs			15,789		12,894
	Other creditors			5,000		10,980
				58,060		54,977


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			84,566		94,616


7	Other information

	Bloxwich Metal Finishing Co. Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 8 Field Gate
	Industrial Works
	Walsall
	WS1 3DJ