Blaiz Limited - Accounts to registrar (filleted) - small 18.2

Blaiz Limited - Accounts to registrar (filleted) - small 18.2

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Unaudited Financial Statements

for the Year Ended 31 August 2019


Contents of the Financial Statements
for the year ended 31 August 2019


Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Company Information
for the year ended 31 August 2019

Director: S E Mordehachvili

Registered office: 227-229 Kings Road

Registered number: 09738088(England and Wales)

Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road


Balance Sheet
31 August 2019

2019 2018
Notes £ £ £ £
Fixed assets
Tangible assets 4 17,038 21,399

Current assets
Stocks 131,202 184,754
Debtors 5 37,495 34,274
Cash at bank 189,568 185,868
358,265 404,896
Amounts falling due within one year 6 274,637 249,636
Net current assets 83,628 155,260
Total assets less current liabilities 100,666 176,659

Capital and reserves
Called up share capital 7 1,411 1,040
Share premium 749,577 499,948
Retained earnings (650,322 ) (324,329 )
Shareholders' funds 100,666 176,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28 February 2020and were signed by:

S E Mordehachvili- Director


Notes to the Financial Statements
for the year ended 31 August 2019

1. Statutory information

Blaiz 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 represents amounts receivable for goods provided in the year and is stated net of VAT.

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 - 20% on cost
Computer equipment - 25% on cost

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

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

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 9(2018 - 2) .


Notes to the Financial Statements - continued
for the year ended 31 August 2019

4. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
At 1 September 2018 26,749 - 26,749
Additions - 1,319 1,319
At 31 August 2019 26,749 1,319 28,068
At 1 September 2018 5,350 - 5,350
Charge for year 5,350 330 5,680
At 31 August 2019 10,700 330 11,030
Net book value
At 31 August 2019 16,049 989 17,038
At 31 August 2018 21,399 - 21,399

5. Debtors: amounts falling due within one year
2019 2018
£ £
Other debtors 37,495 34,274

6. Creditors: amounts falling due within one year
2019 2018
£ £
Trade creditors 3,332 -
Taxation and social security 3,430 -
Other creditors 267,875 249,636
274,637 249,636

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £ £
1,411 Ordinary £1 1,411 1,040

371Ordinary shares of £1 each were allotted as fully paid at a premiumof £672.85 per share during the year.

8. Related party disclosures

Included in other creditors is £265,115 (2018: £248,203) owed to the director. The loan is non interest bearing
and has no fixed repayment terms.