1.
General Information
Blayney Partnership Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
05351893
. The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the aquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.
2.4.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant & Machinery |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.5.
Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
2.7.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the copany's pension scheme are charged to profit or loss in the period to which they relate.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
Blayney Partnership Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 March 2024 |
|
||
| As at 28 February 2025 |
|
||
| Amortisation | |||
| As at 1 March 2024 |
|
||
| Provided during the period |
|
||
| As at 28 February 2025 |
|
||
| Net Book Value | |||
| As at 28 February 2025 |
|
||
| As at 1 March 2024 |
|
||
5.
Tangible Assets
| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 March 2024 |
|
|
|
|
| Additions |
|
|
|
|
| As at 28 February 2025 |
|
|
|
|
| Depreciation | ||||
| As at 1 March 2024 |
|
|
|
|
| Provided during the period |
|
|
|
|
| As at 28 February 2025 |
|
|
|
|
| Net Book Value | ||||
| As at 28 February 2025 |
|
|
|
|
| As at 1 March 2024 |
|
|
|
|
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Other debtors | - | 833 | |
|
|
|
||
| Due after more than one year | |||
| Amounts owed by participating interests | 451,610 | 324 | |
|
|
|
||
Blayney Partnership Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 14,212 | 4,886 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Share Capital
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
|
|
|
|
Nominal
|
2025
|
2024
|
||
|
value
|
£
|
£
|
||
|
Ordinary
|
£1
|
50
|
50
|
|
|
Ordinary 'A'
|
£1
|
45
|
45
|
|
|
Ordinary 'B'
|
£1
|
5
|
5
|
|
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
|
|||
|
100
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none">
<line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/>
<line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/>
</svg>){kind=small}
|
100
|
|||
9.
Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
|
|
|
| Later than one year and not later than five years |
|
|
|
|
|
|
||