Blokcam Limited - Accounts to registrar (filleted) - small 18.2

Blokcam Limited - Accounts to registrar (filleted) - small 18.2

BLOKCORP LTD - Company Information

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REGISTERED NUMBER: 09706547 (England and Wales)


















Blokcam Limited

Unaudited Financial Statements

for the Period 1st January 2019 to 31st March 2019





Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA








Blokcam Limited (Registered number: 09706547)






Contents of the Financial Statements
for the period 1st January 2019 to 31st March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blokcam Limited

Company Information
for the period 1st January 2019 to 31st March 2019







DIRECTORS: B Windass
R P Hird





REGISTERED OFFICE: Unit 5
Sidings Court
Priory Park East
Hull
East Yorkshire
HU4 7DY





REGISTERED NUMBER: 09706547 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA
Page 1
Blokcam Limited (Registered number: 09706547)

Balance Sheet
31st March 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,906 94,114

CURRENT ASSETS
Stocks 118,699 146,942
Debtors 5 137,268 43,842
Cash at bank and in hand 266,151 193,795
522,118 384,579
CREDITORS
Amounts falling due within one year 6 204,516 98,220
NET CURRENT ASSETS 317,602 286,359
TOTAL ASSETS LESS CURRENT
LIABILITIES
401,508
380,473

PROVISIONS FOR LIABILITIES 8,739 10,486
NET ASSETS 392,769 369,987

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 392,669 369,887
SHAREHOLDERS' FUNDS 392,769 369,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2019 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 notes form part of these financial statements

Page 2 continued...
Blokcam Limited (Registered number: 09706547)

Balance Sheet - continued
31st March 2019


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors on 18th July 2019 and were signed on its
behalf by:




B Windass - Director



R P Hird - Director


The notes form part of these financial statements

Page 3
Blokcam Limited (Registered number: 09706547)

Notes to the Financial Statements
for the period 1st January 2019 to 31st March 2019

1. STATUTORY INFORMATION

Blokcam Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of value added
tax and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sales of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the
goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable
that the economic benefits associated with the transaction will flow to the company and the costs
incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on the
date of dispatch of the goods.

Leases
Rentals payable and receivable under operating leases are charged to the profit and loss account on a
straight line basis over the period of the lease.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at 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:

Plant and machinery etc- 15% and 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its
present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made
for damaged, obsolete and slow-moving stock where appropriate.


Page 4 continued...
Blokcam Limited (Registered number: 09706547)

Notes to the Financial Statements - continued
for the period 1st January 2019 to 31st March 2019

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss)
for the current or past reporting periods. It is measured at the amount expected to be paid or
recovered using the tax rates and laws that have been enacted or substantively enacted by the
balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing
differences, with certain exceptions. Timing differences are differences between taxable profits and
total comprehensive income as stated in the financial statements that arise from the inclusion of
income and expense in tax assessments in periods different from those in which they are recognised
in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet 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.

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.

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 profit and loss
account in other administrative expenses.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2018 - 8 ) .

Page 5 continued...
Blokcam Limited (Registered number: 09706547)

Notes to the Financial Statements - continued
for the period 1st January 2019 to 31st March 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2019 127,009
Additions 422
Disposals (10,000 )
At 31st March 2019 117,431
DEPRECIATION
At 1st January 2019 32,895
Charge for period 4,755
Eliminated on disposal (4,125 )
At 31st March 2019 33,525
NET BOOK VALUE
At 31st March 2019 83,906
At 31st December 2018 94,114

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 86,067 32,059
Other debtors 51,201 11,783
137,268 43,842

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 61,060 20,395
Amounts owed to group undertakings 14,563 14,563
Taxation and social security 117,680 37,456
Other creditors 11,213 25,806
204,516 98,220

7. CALLED UP SHARE CAPITAL

The share capital of £100 (2018: £100) is allotted, called up and fully paid.

8. COMMITMENTS, GUARANTEES AND CONTINGENCIES

Total operating lease commitments which are not included in the balance sheet amounted to £35,333
(2018: £39,250).

Page 6