| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Blake U.K. Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Blake U.K. Limited |
| Blake U.K. Limited (Registered number: 01007506) |
| Contents of the Financial Statements |
| for the year ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Blake U.K. Limited |
| Company Information |
| for the year ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2 President Buildings |
| Savile Street East |
| Sheffield |
| South Yorkshire |
| S4 7UQ |
| Blake U.K. Limited (Registered number: 01007506) |
| Statement of Financial Position |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| Investments | 6 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| Blake U.K. Limited (Registered number: 01007506) |
| Statement of Financial Position - continued |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 13 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements |
| for the year ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Blake U.K. Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| During the 2021 year the Directors decided it was appropriate to fully write off Goodwill earlier than previously expected. |
| 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. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Research and development |
| Expenditure on research and development is capitalised in the year in which it is incurred and then amortised over its useful life of 5 years. The directors believe this policy more accurately reflects the spread of the costs incurred by the company. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and | Development |
| Goodwill | licences | costs | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| Amortisation for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| Revaluations |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| Charge written back | - | - | - | (4,174 | ) | (4,174 | ) |
| Revaluation adjustments | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2018 | 20,800 | - | - | - | 20,800 |
| Valuation in 2025 | 215,000 | - | - | - | 215,000 |
| Cost | 1,019,200 | 608,093 | 114,078 | 70,209 | 1,811,580 |
| 1,255,000 | 608,093 | 114,078 | 70,209 | 2,047,380 |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT - continued |
| Included within the net book value of land and buildings above is £1,255,000 (2024 : £946,816) in respect of freehold land and buildings. |
| Revaluation |
| The fair value of the company's freehold land and buildings class of fixed assets was revalued on 28th February 2025 by an independent valuer. |
| The basis of this valuation was on an open market basis. The name and qualification of the independent valuer are Bradley Hall Chartered Surveyors, who are members of RICS. |
| Had this class of asset been measured on a historical cost basis, the carrying amount would have been £333,486 (2024 : £338,609). |
| The fair value of the company's Major Plant class was revalued on 19th March 2015 by an independent valuer. |
| The basis of this valuation was on open market basis. The name and qualification of the independent valuer are Ellis, Willis & Beckett, who are Chartered Surveyors and Auctioneers. |
| Had this class of asset been measured on a historical cost basis, the carrying amount would have been £151,222 (2024 £152,752). |
| The fair value of the company's Tooling class was revalued on 19th March 2015 by an independent valuer. The basis of this valuation was net current replacement cost basis. The name and qualification of the independent valuer are Ellis, Willis & Beckett, who are Chartered Surveyors and Auctioneers. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £54,836 (2024 : £56,123). |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 5. | PROPERTY, PLANT AND EQUIPMENT - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Transfer to ownership | (84,437 | ) | - | (84,437 | ) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Transfer to ownership | (5,254 | ) | - | (5,254 | ) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 6. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 10) |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loan 1 more 5yr by instal | 60,034 | - |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2025 | 2024 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 10. | LEASING AGREEMENTS - continued |
| Non-cancellable |
| operating leases |
| 2025 | 2024 |
| £ | £ |
| Between one and five years |
| 11. | SECURED DEBTS |
| Loan 2 is denominated in pounds sterling with a nominal interest rate of 2.38%, and the final instalment is due on 30th April 2027. However, the company has refinanced during the year meaning this loan has been repaid early. The carrying amount at year end is £0 (2024 : £137,337. |
| The loan was secured against the premises. |
| Loan 4 is denominated in pounds sterling with a nominal interest rate of 2.50% and is in the form of a bounceback loan relating to Coronavirus. The final instalment is due in November 2026. The carrying amount at the year end is £16,877 (2024 : £27,003). |
| Loan 5 is denominated in pounds sterling with a nominal interest rate of 5.5%, and the final instalment was due in October 2024.However, the company has refinanced during the year meaning this loan has been repaid early. The carrying amount at the year end is £0 (2024 : £20,755). |
| Loan 6 is denominated in pounds sterling with a nominal interest rate of 5.5%, and the final instalment is due in May 2027. However, the company has refinanced during the year meaning this loan has been repaid early. The carrying amount at the year end is £0 (2024 : £166,189). |
| Loan 7 is denominated in pounds sterling with a nominal interest rate of 6.75%, and the final instalment is due on 25th March 2030. The carrying amount at year end is £367,738 (2024 : £0). |
| The loan was secured against the premises. |
| 12. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax |
| Deferred tax | 134,625 | 112,452 |
| Deferred Tax charged to P&L | 1,673 | 22,173 |
| 136,298 | 134,625 |
| Blake U.K. Limited (Registered number: 01007506) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2025 |
| 12. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Charge to Income Statement during year |
| Balance at 31 March 2025 |
| 13. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| Current year Property revalue | 313,307 |
| Current year other movement | (3,781 | ) |
| At 31 March 2025 |