REGISTERED NUMBER: 10041024 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Black Country Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

A S Heer

Mrs S K Khera

Registered office:

28a Willows Road

Walsall

West Midlands

WS1 2DR

Registered number:

10041024 (England and Wales)

Accountants:

Lexova Accountants Limited

Unit 1 25

CannockChaseEnterpriseCentre

Hednesford

Cannock

Staffordshire

WS12 0QU

FIXED ASSETS

Intangible assets

4

4,800

-

Tangible assets

5

10,103

14,207

14,903

14,207

CURRENT ASSETS

Debtors

6

263,591

194,256

Cash at bank

25,223

181,908

288,814

376,164

CREDITORS

Amounts falling due within one year

7

56,465

105,019

NET CURRENT ASSETS

232,349

271,145

TOTAL ASSETS LESS CURRENT LIABILITIES

247,252

285,352

CREDITORS

Amounts falling due after more than one year

8

(14,814

)

(24,963

)

PROVISIONS FOR LIABILITIES

(1,054

)

(1,758

)

NET ASSETS

231,384

258,631

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

231,284

258,531

231,384

258,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

A S Heer - Director

1.	STATUTORY INFORMATION

Black Country Management Ltd 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements have been prepared on a going concern basis, not withstanding the net current liabilities. This assumes the continued support of the directors and creditors.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates.

Turnover

Turnover is measured at the fair value of the consideration received for care services provided to individuals. The company is exempt from value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operation as intended.

Depreciation is provided on all tangible fixed assets, alt rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings

- 20% cost

Motor vehicles

- 25% reducing balance

Computer equipment

- 33% cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other operating expenses.

Cash and cash equivalents

Cash comprise cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 48 (2023 - 51 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2023

28,800

Additions

6,000

Disposals

(28,800

)

At 31 March 2024

6,000

AMORTISATION

At 1 April 2023

28,800

Charge for year

1,200

Eliminated on disposal

(28,800

)

At 31 March 2024

1,200

NET BOOK VALUE

At 31 March 2024

4,800

At 31 March 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2023

44,463

Additions

1,650

At 31 March 2024

46,113

DEPRECIATION

At 1 April 2023

30,256

Charge for year

5,754

At 31 March 2024

36,010

NET BOOK VALUE

At 31 March 2024

10,103

At 31 March 2023

14,207

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

15,000

34,152

Other debtors

248,591

160,104

263,591

194,256

Included in other debtors are prepayments totalling £2,847, (2023: £2,488).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts

10,149

9,894

Trade creditors

-

1

Taxation and social security

8,445

32,256

Other creditors

37,871

62,868

56,465

105,019

Included in other creditors are accruals amounting to £6,714 (2023: £36,897).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans

14,814

24,963

9.	OTHER FINANCIAL COMMITMENTS

At the year end the company had lease commitments of £668 (2023: £2,672), with £668 (2023: £2,004) of this being payable within one year.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan to director is repayable on demand and interest is charged at 2.25% per annum on overdrawn balances.