BLB Developments (Yorkshire) Limited,Ltd - AccountsLtd - Accounts

BLB DEVELOPMENTS (YORKSHIRE) LIMITED - Company Information

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BLB Developments (Yorkshire) Limited

Registered Number:05496550

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2023

BLB Developments (Yorkshire) Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

05496550

As at 31 March 2023

BLB Developments (Yorkshire) Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

1,729,708

1,744,589

1,729,708

1,744,589

Current assets

Trade and other receivables

390

767

390

Trade and other payables: amounts falling due within one

year

(213,673)

(241,056)

(213,283)

(240,289)

Net current liabilities

Total assets less current liabilities

1,489,419

1,531,306

Trade and other payables: amounts falling due after more

than one year

(1,475,743)

(1,444,373)

(16,600)

Provisions for liabilities

28,446

Net assets

38,963

Capital and reserves

Called up share capital

200

Retained earnings

28,246

38,763

28,446

38,963

Shareholders' funds

For the year ended 31 March 2023 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 March 2023 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his 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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Registered Number :

05496550

For the year ended 31 March 2023

BLB Developments (Yorkshire) Limited

Statement of Financial Position Continued

Mr B.T. Luxton-Brookes Director

These financial statements were approved and authorised for issue by the Board on 28 December 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

BLB Developments (Yorkshire) Limited

Notes to the Financial Statements

Statutory Information

BLB Developments (Yorkshire) Limited is a private limited company, limited by shares, domiciled in England

and Wales, registration number 05496550.

Registered address:

Omega Court

368 Cemetery Road

Sheffield

S11 8FT

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. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.

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:

Land and buildings

nil

Plant and machinery

20% Reducing balance

25% Reducing balance

Motor vehicles

15% Reducing balance

Fixtures and fittings

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the

expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such

depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

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For the year ended 31 March 2023

BLB Developments (Yorkshire) Limited

Notes to the Financial Statements Continued

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. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the 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 timing differences. 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 future profits.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

2. Property, plant and equipment

Total

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 April 2022

1,874,805

137,181

46,340

33,997

1,657,287

1,000

Additions

At 31 March 2023

33,997

46,340

138,181

1,875,805

1,657,287

Provision for depreciation and impairment

At 01 April 2022

130,216

78,165

21,923

30,128

Charge for year

15,881

9,002

6,105

774

At 31 March 2023

146,097

87,167

28,028

30,902

At 31 March 2023

Net book value

1,657,287

3,095

18,312

51,014

1,729,708

At 31 March 2022

1,657,287

3,869

24,417

59,016

1,744,589

3. Trade and other receivables

2022

2023

Other debtors

767

390

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For the year ended 31 March 2023

BLB Developments (Yorkshire) Limited

Notes to the Financial Statements Continued

4. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft

24,878

36,464

Taxation and social security

12,493

9,781

Other creditors

203,685

167,428

241,056

213,673

5. Trade and other payables: amounts falling due after more than one year

2022

2023

Bank loans and overdraft

1,437,579

1,447,554

Other creditors

6,794

28,189

1,444,373

1,475,743

6. Related party transactions

The director is also a shareholder of the company. Dividends paid to Mr B.T. Luxton-Brookes, as director and

shareholder of the company, during the year (with the previous year shown in brackets) were £2,000 (£2,000).

7. Average number of persons employed

During the year the average number of employees was 2 (2022 : 2)

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