Company Registration No. SC107568 (Scotland)
BLACKWATER MANUFACTURING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
James Hair Group Limited
59 Bonnygate
CUPAR
Fife
UK
KY15 4BY
BLACKWATER MANUFACTURING LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
722,311
470,993
Current assets
Stocks
826,328
907,417
Debtors
4
86,130
117,623
Cash at bank and in hand
244,075
536,537
1,156,533
1,561,577
Creditors: amounts falling due within one year
5
(40,717)
(340,395)
Net current assets
1,115,816
1,221,182
Total assets less current liabilities
1,838,127
1,692,175
Provisions for liabilities
6
(124,500)
(61,500)
Net assets
1,713,627
1,630,675
Capital and reserves
Called up share capital
7
123,307
123,307
Revaluation reserve
8
149,034
149,034
Profit and loss reserves
1,441,286
1,358,334
Total equity
1,713,627
1,630,675

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 May 2026 and are signed on its behalf by:
Mr C C Douglas
Director
Company Registration No. SC107568
BLACKWATER MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

Blackwater Manufacturing Limited is a private company limited by shares incorporated in Scotland. The registered office is 2 Faraday Road, Southfield Industrial Estate, GLENROTHES, Fife, UK, KY6 2RU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

T urnover comprises the invoiced value of transmission components supplied during the year, net of Value Added Tax and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
not depreciated
Plant and equipment
10% staight line
Office equipment
33% straight line/15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Although FRS 102 Section 1A provides that all assets should be depreciated, the directors are of the opinion that the estimated useful life of the property is such that depreciation would be negligible.

1.4
Stocks

Stocks and work in progress including short term contracts are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost comprises direct expenditure and an appropriate proportion of fixed and variable overheads.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in the profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with charges recognised in profit and loss.

BLACKWATER MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts paid by the company to the funds in respect of the year.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
11
9
BLACKWATER MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
3
Tangible fixed assets
Land and buildings
Plant and equipment
Office equipment
Total
£
£
£
£
Cost
At 1 February 2025
225,000
343,486
22,935
591,421
Additions
-
0
282,759
-
0
282,759
At 31 January 2026
225,000
626,245
22,935
874,180
Depreciation and impairment
At 1 February 2025
-
0
99,295
21,133
120,428
Depreciation charged in the year
-
0
30,863
578
31,441
At 31 January 2026
-
0
130,158
21,711
151,869
Carrying amount
At 31 January 2026
225,000
496,087
1,224
722,311
At 31 January 2025
225,000
244,191
1,802
470,993
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
40,627
116,650
Corporation tax recoverable
44,187
-
0
Prepayments and accrued income
1,316
973
86,130
117,623
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
22,329
59,044
Corporation tax
-
0
103,263
Other taxation and social security
11,481
32,369
Other creditors
-
79,750
Directors current accounts
-
52,250
Accruals and deferred income
6,907
13,719
40,717
340,395
BLACKWATER MANUFACTURING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
6
Provisions for liabilities
2026
2025
£
£
Deferred tax liabilities
124,500
61,500
7
Called up share capital
2026
2025
£
£
Ordinary share capital
Issued and fully paid
123,000 Ordinary Shares of £1 each
123,000
123,000
30,700 Preferred Ordinary Shares of 1p each
307
307
123,307
123,307
8
Revaluation reserve
2026
2025
£
£
At the beginning and end of the year
149,034
149,034
2026-01-31 2025-02-01 false false false 01 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs F S Nairn Mr C C Douglas Mr J C Douglas Mr A C Robertson Mrs F S Nairn 2026-05-29 SC107568 2025-02-01 2026-01-31 SC107568 2026-01-31 SC107568 2025-01-31 SC107568 core:LandBuildings core:OwnedOrFreeholdAssets 2026-01-31 SC107568 core:PlantMachinery 2026-01-31 SC107568 core:FurnitureFittings 2026-01-31 SC107568 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 SC107568 core:PlantMachinery 2025-01-31 SC107568 core:FurnitureFittings 2025-01-31 SC107568 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 SC107568 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 SC107568 core:CurrentFinancialInstruments 2026-01-31 SC107568 core:CurrentFinancialInstruments 2025-01-31 SC107568 core:ShareCapital 2026-01-31 SC107568 core:ShareCapital 2025-01-31 SC107568 core:RevaluationReserve 2026-01-31 SC107568 core:RevaluationReserve 2025-01-31 SC107568 core:RetainedEarningsAccumulatedLosses 2026-01-31 SC107568 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC107568 core:ShareCapitalOrdinaryShareClass1 2026-01-31 SC107568 core:ShareCapitalOrdinaryShareClass1 2025-01-31 SC107568 core:ShareCapitalOrdinaryShareClass2 2026-01-31 SC107568 core:ShareCapitalOrdinaryShareClass2 2025-01-31 SC107568 core:ShareCapitalOrdinaryShares 2026-01-31 SC107568 core:ShareCapitalOrdinaryShares 2025-01-31 SC107568 bus:Director1 2025-02-01 2026-01-31 SC107568 core:LandBuildings core:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 SC107568 core:PlantMachinery 2025-02-01 2026-01-31 SC107568 core:FurnitureFittings 2025-02-01 2026-01-31 SC107568 2024-02-01 2025-01-31 SC107568 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 SC107568 core:PlantMachinery 2025-01-31 SC107568 core:FurnitureFittings 2025-01-31 SC107568 2025-01-31 SC107568 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC107568 bus:FRS102 2025-02-01 2026-01-31 SC107568 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC107568 bus:Director2 2025-02-01 2026-01-31 SC107568 bus:Director3 2025-02-01 2026-01-31 SC107568 bus:Director4 2025-02-01 2026-01-31 SC107568 bus:CompanySecretary1 2025-02-01 2026-01-31 SC107568 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC107568 bus:FullAccounts 2025-02-01 2026-01-31 xbrli:pure xbrli:shares iso4217:GBP