Blackpearlettings Limited - Accounts to registrar (filleted) - small 23.1.2

BLACKPEARLETTINGS LIMITED - Company Information

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REGISTERED NUMBER: 07760403 (England and Wales)

Abridged Financial Statements for the Year Ended 30th September 2022

for

Blackpearlettings Limited

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTORS:

B Vernon

Mrs K D Vernon

REGISTERED OFFICE:

61 The Tything

Worcester

Worcestershire

WR1 1JT

REGISTERED NUMBER:

07760403 (England and Wales)

ACCOUNTANTS:

The Richards Sandy Partnership

Thorneloe House

25 Barbourne Road

Worcester

Worcestershire

WR1 1RU

FIXED ASSETS

Tangible assets

2,436

4,989

CURRENT ASSETS

Debtors

380,149

Cash at bank

8,372

317,073

388,521

317,073

CREDITORS

Amounts falling due within one year

112,014

61,238

NET CURRENT ASSETS

276,507

255,835

TOTAL ASSETS LESS CURRENT
LIABILITIES

278,943

260,824

CREDITORS

Amounts falling due after more than one
year

(94,629

)

(113,247

)

PROVISIONS FOR LIABILITIES

(450

)

(948

)

NET ASSETS

183,864

146,629

CAPITAL AND RESERVES

Called up share capital

200

Share premium

14,900

Retained earnings

168,764

131,529

SHAREHOLDERS' FUNDS

183,864

146,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 Balance Sheet for the year ended 30th September 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 29th June 2023 and were signed on its behalf by:

Mrs K D Vernon - Director

1.	STATUTORY INFORMATION

Blackpearlettings 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.

TURNOVER

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

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 etc

33% on cost, 25% on reducing balance and 10% on reducing balance

GOVERNMENT GRANTS

Income from Government grants is recognised in the profit and loss within the same period to which the related expense is incurred.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

COST

At 1st October 2021

13,071

Additions

795

Disposals

(4,081

)

At 30th September 2022

9,785

DEPRECIATION

At 1st October 2021

8,082

Charge for year

1,621

Eliminated on disposal

(2,354

)

At 30th September 2022

7,349

NET BOOK VALUE

At 30th September 2022

2,436

At 30th September 2021

4,989

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2022

2021

Repayable by instalments

Bank loans more 5 yr by instal

27,076

6.	PROVISIONS FOR LIABILITIES

2022

2021

Deferred tax

450

948

Deferred

tax

Balance at 1st October 2021

948

Provided during year

(498

)

Balance at 30th September 2022

450

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2022 and 30th September 2021:

2022

2021

Mrs H J Deacon

Balance outstanding at start of year

20,000

Amounts advanced

40,000

Amounts repaid

(60,000

)

Amounts written off

Amounts waived

Balance outstanding at end of year

Included in Creditors is a loan from the directors, Mr B Vernon and Mrs K D Vernon. It is interest free.

8.	RELATED PARTY DISCLOSURES

Included within the accounts is a loan to KBV Holdings Ltd, a company registered in the United Kingdom. No interest is charged on this loan.