Blueprint Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05734788 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

Blueprint Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K M Wood

P S West

SECRETARY:

P S West

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

05734788 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

8,700

Intangible assets

4

7,250

9,199

Tangible assets

5

12,866

17,899

20,116

CURRENT ASSETS

5,000

Stocks

5,000

57,140

Debtors

6

51,149

79,632

Cash at bank

36,320

141,772

92,469

CREDITORS

45,449

Amounts falling due within one year

7

30,370

96,323

NET CURRENT ASSETS

62,099

114,222

TOTAL ASSETS LESS CURRENT LIABILITIES

82,215

1,168

PROVISIONS FOR LIABILITIES

1,969

113,054

NET ASSETS

80,246

CAPITAL AND RESERVES

200

Called up share capital

200

112,854

Retained earnings

80,046

113,054

SHAREHOLDERS' FUNDS

80,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2022 and were signed on its behalf by:

P S West - Director

1.	STATUTORY INFORMATION

Blueprint Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks 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 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2020

and 30 June 2021

29,000

AMORTISATION

At 1 July 2020

20,300

Charge for year

1,450

At 30 June 2021

21,750

NET BOOK VALUE

At 30 June 2021

7,250

At 30 June 2020

8,700

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1 July 2020

112,927

4,818

108,109

Additions

9,342

-

9,342

Disposals

(28,944

)

-

(28,944

)

At 30 June 2021

93,325

4,818

88,507

DEPRECIATION

At 1 July 2020

103,728

4,818

98,910

Charge for year

2,509

-

2,509

Eliminated on disposal

(25,778

)

-

(25,778

)

At 30 June 2021

80,459

4,818

75,641

NET BOOK VALUE

At 30 June 2021

12,866

-

12,866

At 30 June 2020

9,199

-

9,199

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade debtors

51,149

54,260

Other debtors

-

2,880

51,149

57,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.21

30.6.20

£

£

Trade creditors

441

1,119

Taxation and social security

25,488

40,361

Other creditors

4,441

3,969

30,370

45,449

8.	POST BALANCE SHEET EVENTS

There were no post balance sheet events that require bringing to the attention of the shareholders or creditors.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is R Thomson.