Blacks European Business Service Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01303098 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BLACK'S EUROPEAN BUSINESS

SERVICE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A J Black

A D R Black

A J Griffiths

SECRETARY:

J T R Black

REGISTERED OFFICE:

Marchwood

Bryants Bottom Road

Great Missenden

Buckinghamshire

HP16 0JS

REGISTERED NUMBER:

01303098 (England and Wales)

ACCOUNTANTS:

Crane & Partners

Chartered Accountants

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

4

30,374

137,012

Investment property

5

925,000

-

955,374

137,012

CURRENT ASSETS

Stocks

-

179,976

Debtors

6

12,981

26,921

Cash at bank

407,951

478,406

420,932

685,303

CREDITORS

Amounts falling due within one year

7

33,643

34,302

NET CURRENT ASSETS

387,289

651,001

TOTAL ASSETS LESS CURRENT LIABILITIES

1,342,663

788,013

PROVISIONS FOR LIABILITIES

48,956

-

NET ASSETS

1,293,707

788,013

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

26,992

26,992

Retained earnings

1,266,615

760,921

SHAREHOLDERS' FUNDS

1,293,707

788,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 17 January 2024 and were signed on its behalf by:

D A J Black - Director

1.	STATUTORY INFORMATION

Black's European Business Service 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents fees earned during the year excluding value added tax.

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

-

2% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company contributes to individual pension policies for the directors. These are operated on a defined contribution basis and the assets of the policies are held separately from those of the company. The pension charge represents contributions payable to the funds for the year.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2022

225,744

Reclassification/transfer

(195,370

)

At 30 September 2023

30,374

DEPRECIATION

At 1 October 2022

88,732

Reclassification/transfer

(88,732

)

At 30 September 2023

-

NET BOOK VALUE

At 30 September 2023

30,374

At 30 September 2022

137,012

Included in cost of land and buildings is freehold land of £ 30,374 (2022 - £ 30,374 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Revaluations

638,385

Reclassification/transfer

286,615

At 30 September 2023

925,000

NET BOOK VALUE

At 30 September 2023

925,000

Fair value at 30 September 2023 is represented by:

£

Valuation in 2023

925,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023

2022

£

£

Cost

375,345

375,345

The investment properties were valued on an open market basis on 30 September 2023 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

12,981

26,921

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

4,410

7,031

Other creditors

29,233

27,271

33,643

34,302

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by the Black family.