Blackburn & Co Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: 09137766 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2016

for

BLACKBURN & CO LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Gary James Blackburn

REGISTERED OFFICE:

Bencroft Dassels

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

REGISTERED NUMBER:

09137766 (England and Wales)

ACCOUNTANTS:

Leggate Associates Limited

Chartered Accountants

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

FIXED ASSETS

Tangible assets

4

23,262

11,019

CURRENT ASSETS

Stocks

19,540

6,809

Debtors

5

37,702

31,010

Cash at bank and in hand

334

6,876

57,576

44,695

CREDITORS

Amounts falling due within one year

6

47,886

38,096

NET CURRENT ASSETS

9,690

6,599

TOTAL ASSETS LESS CURRENT LIABILITIES

32,952

17,618

CREDITORS

Amounts falling due after more than one year

7

(15,987

)

(2,412

)

PROVISIONS FOR LIABILITIES

(4,652

)

(2,204

)

NET ASSETS

12,313

13,002

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

9,980

9,980

Retained earnings

2,233

2,922

SHAREHOLDERS' FUNDS

12,313

13,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 19 January 2017 and were signed by:

Mr Gary James Blackburn - Director

1.	STATUTORY INFORMATION

Blackburn & Co 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 the provisions of Section 1A "Small Entities" 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 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

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.

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 9 .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2015

12,894

1,800

-

14,694

Additions

1,592

16,175

2,513

20,280

At 31 July 2016

14,486

17,975

2,513

34,974

DEPRECIATION

At 1 August 2015

3,225

450

-

3,675

Charge for year

2,816

4,382

839

8,037

At 31 July 2016

6,041

4,832

839

11,712

NET BOOK VALUE

At 31 July 2016

8,445

13,143

1,674

23,262

At 31 July 2015

9,669

1,350

-

11,019

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Trade debtors

34,180

31,010

Other debtors

3,522

-

37,702

31,010

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.16

31.7.15

£

£

Bank loans and overdrafts

12,822

-

Hire purchase contracts

4,392

1,215

Trade creditors

21,270

8,823

Amounts owed to participating interests

1,868

-

Taxation and social security

6,234

16,548

Other creditors

1,300

11,510

47,886

38,096

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.16

31.7.15

£

£

Hire purchase contracts

15,987

2,412

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,800 (2015 - £32,000) were paid to the directors .

9.	FIRST YEAR ADOPTION

The company has adopted the provisions of FRS 102 for the first time in its financial statements for the year

ended 31 July 2016. The comparative disclosures have been updated to reflect the change in the requirements

by UK GAAP, however this has had no material effect on the figures in the financial statements. As such, no

reconciliation for the effect of FRS 102 has been provided.