Company registration number 07438471 (England and Wales)
BLOCK AND CLEAVER LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
BLOCK AND CLEAVER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BLOCK AND CLEAVER LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
13,501
18,001
Tangible assets
5
391,525
429,369
405,026
447,370
Current assets
Stocks
263,362
245,566
Debtors
6
1,033,274
1,058,618
Cash at bank and in hand
94,860
14,379
1,391,496
1,318,563
Creditors: amounts falling due within one year
7
(1,733,365)
(1,567,774)
Net current liabilities
(341,869)
(249,211)
Total assets less current liabilities
63,157
198,159
Creditors: amounts falling due after more than one year
8
(37,811)
(126,597)
Net assets
25,346
71,562
Capital and reserves
Called up share capital
9
2
2
Profit and loss reserves
25,344
71,560
Total equity
25,346
71,562

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his 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 and signed by the director and authorised for issue on 16 June 2026
G Preston
Director
Company Registration No. 07438471
BLOCK AND CLEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Block and Cleaver Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4m, Button Street Business Park, Button Street, Swanley, Kent, BR8 8DX.

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.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
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:

Leasehold land and buildings
10 years on cost
Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computer equipment
33% on cost
Motor vehicles
25% 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.

1.5
Stocks

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

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

BLOCK AND CLEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Retirement benefits

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

1.9
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
38
46
BLOCK AND CLEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2024 and 30 November 2025
45,001
Amortisation and impairment
At 1 December 2024
27,000
Amortisation charged for the year
4,500
At 30 November 2025
31,500
Carrying amount
At 30 November 2025
13,501
At 30 November 2024
18,001
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 December 2024
100,000
280,267
391,934
51,324
269,600
1,093,125
Additions
-
0
-
0
5,626
73,831
-
0
79,457
Disposals
-
0
-
0
-
0
-
0
(22,000)
(22,000)
At 30 November 2025
100,000
280,267
397,560
125,155
247,600
1,150,582
Depreciation and impairment
At 1 December 2024
60,000
204,049
266,201
26,755
106,751
663,756
Depreciation charged in the year
10,000
19,055
31,433
13,163
39,734
113,385
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(18,084)
(18,084)
At 30 November 2025
70,000
223,104
297,634
39,918
128,401
759,057
Carrying amount
At 30 November 2025
30,000
57,163
99,926
85,237
119,199
391,525
At 30 November 2024
40,000
76,218
125,733
24,569
162,849
429,369
BLOCK AND CLEAVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
877,496
928,765
Other debtors
155,778
129,853
1,033,274
1,058,618
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
20,833
50,000
Trade creditors
917,677
684,837
Taxation and social security
88,226
95,854
Other creditors
706,629
737,083
1,733,365
1,567,774
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
20,833
Other creditors
37,811
105,764
37,811
126,597
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
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