Blix Street Records Limited - Filleted accounts

Registered number

05839813

Blix Street Records Limited

Filleted Accounts

31 December 2025

Blix Street Records Limited
Registered number:		05839813
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,061			5,000

Current assets
Stocks		66,953			89,582
Debtors	4	151,342			135,665
Cash at bank and in hand		787,926			633,718
		1,006,221			858,965

Creditors: amounts falling due within one year	5	(198,868)			(142,899)

Net current assets			807,353			716,066

Total assets less current liabilities			811,414			721,066

Creditors: amounts falling due after more than one year	6		(301,122)			(273,767)



Net assets			510,292			447,299

Capital and reserves
Called up share capital			111			111
Profit and loss account			510,181			447,188

Shareholders' funds			510,292			447,299

The director is 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 director acknowledges his 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.




Thomas Norrell
Director
Approved by the board on 19 August 2026

Blix Street Records Limited
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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:

	Equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

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


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Tangible fixed assets
					Equipment
£
	Cost
	At 1 January 2025				21,430
	Additions				415
	At 31 December 2025				21,845

	Depreciation
	At 1 January 2025				16,430
	Charge for the year				1,354
	At 31 December 2025				17,784

	Net book value
	At 31 December 2025				4,061
	At 31 December 2024				5,000


4	Debtors		2025		2024
£				£

	Trade debtors		136,232		127,896
	Amounts owed by associated company		2,525		(4,082)
	Other debtors		12,585		11,851
			151,342		135,665


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		648		1,295
	Trade creditors		7,355		(7,177)
	Taxation and social security costs		42,084		27,663
	Director's Loan Account		(1,609)		(1,590)
	Other creditors		150,390		122,708
			198,868		142,899


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Other creditors		301,122		273,767


7	Other information

	Blix Street Records Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Moorings
	Washington Road
	Storrington
	Pulborough
	RH20 4BY