Blanchard Consultants Limited - Accounts to registrar (filleted) - small 23.1.2

Blanchard Consultants Limited - Accounts to registrar (filleted) - small 23.1.2

BLANCHARD CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 10432893 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

BLANCHARD CONSULTANTS LIMITED
BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLANCHARD CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: Mr M Blanchard
Mrs K Blanchard





REGISTERED OFFICE: Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ





REGISTERED NUMBER: 10432893 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ
Page 1
BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 93,696 116,734

CURRENT ASSETS
Stocks - 5,815
Debtors 5 848,315 882,119
Cash at bank 55,793 16,681
904,108 904,615
CREDITORS
Amounts falling due within one year 6 647,261 649,937
NET CURRENT ASSETS 256,847 254,678
TOTAL ASSETS LESS CURRENT
LIABILITIES
350,543
371,412

CREDITORS
Amounts falling due after more than one
year
7
(29,279
)
(60,666
)

PROVISIONS FOR LIABILITIES (23,424 ) (22,179 )
NET ASSETS 297,840 288,567

CAPITAL AND RESERVES
Called up share capital 240 240
Retained earnings 297,600 288,327
297,840 288,567

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 notes form part of these financial statements

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BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

BALANCE SHEET - continued
31 OCTOBER 2022


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 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 1 June 2023 and were signed on its behalf by:





Mr M Blanchard - Director


The notes form part of these financial statements

Page 3
BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

Blanchard Consultants 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 recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be measured reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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

Stocks
Work in progress on short term contracts is valued at income less costs by reference to the percentage of completion of the contract. Where it is probable a loss will occur, this is recognised in full.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

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.


Page 4 continued...
BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


2. ACCOUNTING POLICIES - continued
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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account using the effective interest method.

Going concern
These financial statements have been prepared on the going concern basis. The directors have reviewed the state of the business. It has been confirmed that support will remain in place, in the form of a loan from the directors and they will not recall their loan for at least 12 months after the signing of these financial statements. It is therefore the directors' opinion that the business remains a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 November 2021 132,325
Additions 7,500
At 31 October 2022 139,825
DEPRECIATION
At 1 November 2021 15,591
Charge for year 30,538
At 31 October 2022 46,129
NET BOOK VALUE
At 31 October 2022 93,696
At 31 October 2021 116,734

Page 5 continued...
BLANCHARD CONSULTANTS LIMITED (REGISTERED NUMBER: 10432893)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 26,814 16,053
Amounts owed by group undertakings 803,646 803,646
Other debtors 17,855 62,420
848,315 882,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Hire purchase contracts 30,583 34,564
Trade creditors 10,753 1,230
Taxation and social security 3,505 1,159
Other creditors 602,420 612,984
647,261 649,937

Other creditors includes loans of £599,570 (2021: £600,631) from the directors. The loan is interest-free and has no fixed term for repayment.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Hire purchase contracts 29,279 60,666

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£ £
Hire purchase contracts 59,862 95,230

At the balance sheet date secured loans totalling £30,583 (2021 : £34,564) were due within 1 year and £29,279 (2021 : £60,666) were due in more than 1 year. The balances are secured against the assets to which they relate.

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