Blakwater Limited,Ltd - AccountsLtd - Accounts

Blakwater Limited,Ltd - AccountsLtd - Accounts

BLAKWATER LIMITED - Company Information

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2016-09-01 04869894 2017-08-31 04869894 2016-09-01 2017-08-31 04869894 2016-08-31 04869894 2015-09-01 2016-08-31 04869894 uk-core:WithinOneYear 2016-08-31 04869894 uk-core:WithinOneYear 2017-08-31 04869894 uk-core:ShareCapital 2017-08-31 04869894 uk-core:ShareCapital 2016-08-31 04869894 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 04869894 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 04869894 uk-bus:Director1 2016-09-01 2017-08-31 04869894 uk-bus:Director2 2016-09-01 2017-08-31 04869894 uk-core:ToolsEquipment 2016-09-01 2017-08-31 04869894 uk-core:WithinOneYear 2017-08-31 04869894 uk-core:WithinOneYear 2016-08-31 04869894 uk-core:BetweenTwoFiveYears 2016-08-31 04869894 uk-core:BetweenTwoFiveYears 2017-08-31 iso4217:GBP 04869894 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 04869894 uk-bus:FRS102 2016-09-01 2017-08-31 04869894 uk-bus:FullAccounts 2016-09-01 2017-08-31 04869894 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31
Blakwater Limited
Registered Number:04869894
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2017
Blakwater Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 August 2017
Blakwater Limited
Statement of Financial Position
Registered Number :
04869894
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
10,348
12,642
2
10,348
12,642
Current assets
Trade and other receivables
29,212
47,217
3
16,044
Cash and cash equivalents
9,485
56,702
45,256
Trade and other payables: amounts falling due within
one year
(28,256)
(28,578)
4
17,000
28,124
Net current assets
Total assets less current liabilities
38,472
29,642
38,472
Net assets
29,642
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
37,472
28,642
38,472
29,642
Shareholders' funds
For the year ended 31 August 2017 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 August 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.
Mr Damian Paul Blakemore Director
Ms Sue Pennells Director
These financial statements were approved and authorised for issue by the Board on 27 November 2017 and were signed by:
1 of 5
4
For the year ended 31 August 2017
Blakwater Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 August 2017
Blakwater Limited
Notes to the Financial Statements
Statutory Information
Blakwater Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04869894.
Principal place of business:
The School House
119 The Drove
Barroway Drove
Downham Market
PE38 0AL
Registered address:
Belmont House
20 King Street
Thetford
Norfolk
IP24 2AP
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.
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:
15% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 5
6
For the year ended 31 August 2017
Blakwater Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 September 2016
25,068
654
Additions
Disposals
(1,200)
At 31 August 2017
24,522
Provision for depreciation and impairment
At 01 September 2016
12,426
Charge for year
1,748
At 31 August 2017
14,174
At 31 August 2017
Net book value
10,348
At 31 August 2016
12,642
3. Trade and other receivables
2016
2017
£
£
Trade debtors
47,217
29,212
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Bank loans and overdraft
907
1,174
Trade creditors
2,360
2,700
Taxation and social security
24,945
23,672
Other creditors
366
710
28,578
28,256
4 of 5
7
For the year ended 31 August 2017
Blakwater Limited
Notes to the Financial Statements Continued
5. Guarantees and other financial commitments
Lease commitments
At 31 August 2017 the company had annual commitments under non-cancellable operating leases as set
out below:
2016
£
2017
£
Operating leases which expire:
9,164
8,419
Within 1 year
6,153
1,967
Within 2 to 5 years
11,131
14,572
5 of 5