Blakwater Limited,Ltd - AccountsLtd - Accounts

Blakwater Limited,Ltd - AccountsLtd - Accounts

BLAKWATER LIMITED - Company Information

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2018-09-01 04869894 2019-08-31 04869894 2018-09-01 2019-08-31 04869894 2018-08-31 04869894 2017-09-01 2018-08-31 04869894 uk-core:WithinOneYear 2018-08-31 04869894 uk-core:WithinOneYear 2019-08-31 04869894 uk-core:AfterOneYear 2018-08-31 04869894 uk-core:AfterOneYear 2019-08-31 04869894 uk-core:ShareCapital 2019-08-31 04869894 uk-core:ShareCapital 2018-08-31 04869894 uk-core:RetainedEarningsAccumulatedLosses 2019-08-31 04869894 uk-core:RetainedEarningsAccumulatedLosses 2018-08-31 04869894 uk-bus:Director1 2018-09-01 2019-08-31 04869894 uk-bus:Director2 2018-09-01 2019-08-31 04869894 uk-core:CommercialMotorVehicles 2018-09-01 2019-08-31 04869894 uk-core:ToolsEquipment 2018-09-01 2019-08-31 04869894 uk-core:ToolsEquipment 2018-08-31 04869894 uk-core:CommercialMotorVehicles 2018-08-31 04869894 uk-core:CommercialMotorVehicles 2019-08-31 04869894 uk-core:ToolsEquipment 2019-08-31 04869894 uk-core:WithinOneYear 2019-08-31 04869894 uk-core:WithinOneYear 2018-08-31 04869894 uk-core:BetweenTwoFiveYears 2018-08-31 04869894 uk-core:BetweenTwoFiveYears 2019-08-31 iso4217:GBP 04869894 uk-bus:AuditExemptWithAccountantsReport 2018-09-01 2019-08-31 04869894 uk-bus:FRS102 2018-09-01 2019-08-31 04869894 uk-bus:FullAccounts 2018-09-01 2019-08-31 04869894 uk-bus:PrivateLimitedCompanyLtd 2018-09-01 2019-08-31
Blakwater Limited
Registered Number:04869894
For the year ended 31 August 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2019
Blakwater Limited
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
As at 31 August 2019
Blakwater Limited
Statement of Financial Position
Registered Number :
04869894
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
35,185
44,548
2
35,185
44,548
Current assets
Trade and other receivables
5,495
17,831
3
19,650
Cash and cash equivalents
12,075
29,906
25,145
Trade and other payables: amounts falling due within
one year
(22,927)
(27,729)
4
2,218
2,177
Net current assets
Total assets less current liabilities
37,362
46,766
Trade and other payables: amounts falling due after
more than one year
(17,844)
(13,516)
5
(2,819)
(3,298)
Provisions for liabilities
21,027
Net assets
25,624
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
20,027
24,624
21,027
25,624
Shareholders' funds
For the year ended 31 August 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 31 August 2019
Blakwater Limited
Statement of Financial Position Continued
Mr Damian Paul Blakemore Director
Ms Sue Pennells Director
These financial statements were approved and authorised for issue by the Board on 23 October 2019 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2019
Blakwater Limited
Notes to the Financial Statements
Statutory Information
Blakwater Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04869894.
Principal place of business:
The School House
119 The Drove
Barroway Drove
Downham Market
PE38 0AL
Registered address:
Belmont House
20 King Street
Thetford
Norfolk
IP24 2AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 August 2019
Blakwater Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor
vehicles
£
£
£
Cost or
valuation
At 01 September 2018
66,494
33,335
33,159
2,460
2,460
-
Additions
(2,375)
-
Disposals
(2,375)
At 31 August 2019
33,159
33,420
66,579
Provision for depreciation and impairment
At 01 September 2018
21,946
16,417
5,529
Charge for year
9,448
2,538
6,910
At 31 August 2019
31,394
18,955
12,439
At 31 August 2019
Net book value
20,720
14,465
35,185
At 31 August 2018
27,630
16,918
44,548
3. Trade and other receivables
2018
2019
£
£
Trade debtors
17,831
5,495
4. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Bank loans and overdraft
2,697
551
Trade creditors
2,364
2,594
Taxation and social security
14,572
14,829
Other creditors
8,096
4,953
27,729
22,927
5. Trade and other payables: amounts falling due after more than one year
2018
2019
£
£
Other creditors
13,516
17,844
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7
For the year ended 31 August 2019
Blakwater Limited
Notes to the Financial Statements Continued
6. Guarantees and other financial commitments
Lease commitments
At 31 August 2019 the company had annual commitments under non-cancellable operating leases as set
out below:
2018
£
2019
£
Operating leases which expire:
7,093
5,846
Within 1 year
8,083
7,286
Within 2 to 5 years
14,379
13,929
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