Blake Heating & Property Services Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11470655 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Blake Heating & Property Services Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Blake

K Blake

REGISTERED OFFICE:

53 Playford Road

Ipswich

IP4 5RJ

REGISTERED NUMBER:

11470655 (England and Wales)

ACCOUNTANTS:

Pinfold & Co

8 Deben Mill Business Centre

Old Maltings Approach

Woodbridge

Suffolk

IP12 1BL

FIXED ASSETS

Tangible assets

4

8,013

10,315

CURRENT ASSETS

Debtors

7,666

18,192

Cash at bank

20,912

27,085

28,578

45,277

CREDITORS

Amounts falling due within one year

16,801

24,860

NET CURRENT ASSETS

11,777

20,417

TOTAL ASSETS LESS CURRENT LIABILITIES

19,790

30,732

CREDITORS

Amounts falling due after more than one year

(19,976

)

(26,973

)

PROVISIONS FOR LIABILITIES

5

(1,522

)

(1,960

)

NET (LIABILITIES)/ASSETS

(1,708

)

1,799

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,808

)

1,699

SHAREHOLDERS' FUNDS

(1,708

)

1,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 July 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2023 and were signed on its behalf by:

K Blake - Director

1.	STATUTORY INFORMATION

Blake Heating & Property Services Ltd 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2021

18,786

Additions

369

At 31 July 2022

19,155

DEPRECIATION

At 1 August 2021

8,471

Charge for year

2,671

At 31 July 2022

11,142

NET BOOK VALUE

At 31 July 2022

8,013

At 31 July 2021

10,315

5.	PROVISIONS FOR LIABILITIES

31.7.22

31.7.21

£

£

Deferred tax

1,522

1,960

Deferred

tax

£

Balance at 1 August 2021

1,960

Credit to Statement of Income and Retained Earnings during year

(438

)

Balance at 31 July 2022

1,522

6.	SUMMARY OF TRANSACTIONS WITH DIRECTORS

The following advances by and repayments to directors subsisted during the years ended 31 July 2022 and 31 July 2021:

31.7.22

31.7.21

£

£

K Blake and L Blake

Balance outstanding at start of year

(2,911

)

(26,930

)

Amounts advanced

30,350

53,483

Amounts repaid

(32,023

)

(29,464

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,584

)

(2,911

)