Blacklane Asphalt Limited - Accounts to registrar (filleted) - small 18.2

Blacklane Asphalt Limited - Accounts to registrar (filleted) - small 18.2

BLACKLANE ASPHALT LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.0.635 SC274076 director 1.2.19 31.1.20 31.1.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC2740762019-01-31SC2740762020-01-31SC2740762019-02-012020-01-31SC2740762018-01-31SC2740762018-02-012019-01-31SC2740762019-01-31SC274076ns16:Scotland2019-02-012020-01-31SC274076ns15:PoundSterling2019-02-012020-01-31SC274076ns11:Director12019-02-012020-01-31SC274076ns11:PrivateLimitedCompanyLtd2019-02-012020-01-31SC274076ns11:SmallEntities2019-02-012020-01-31SC274076ns11:AuditExempt-NoAccountantsReport2019-02-012020-01-31SC274076ns11:SmallCompaniesRegimeForDirectorsReport2019-02-012020-01-31SC274076ns11:SmallCompaniesRegimeForAccounts2019-02-012020-01-31SC274076ns11:FullAccounts2019-02-012020-01-31SC27407612019-02-012020-01-31SC274076ns11:CompanySecretary12019-02-012020-01-31SC274076ns11:RegisteredOffice2019-02-012020-01-31SC274076ns6:CurrentFinancialInstruments2020-01-31SC274076ns6:CurrentFinancialInstruments2019-01-31SC274076ns6:ShareCapital2020-01-31SC274076ns6:ShareCapital2019-01-31SC274076ns6:RetainedEarningsAccumulatedLosses2020-01-31SC274076ns6:RetainedEarningsAccumulatedLosses2019-01-31SC274076ns6:IntangibleAssetsOtherThanGoodwill2019-02-012020-01-31SC274076ns6:NetGoodwill2019-01-31SC274076ns6:NetGoodwill2020-01-31SC274076ns6:NetGoodwill2019-01-31SC274076ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-01-31SC274076ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-01-31SC274076ns11:Director112019-01-31SC274076ns11:Director112018-01-31SC274076ns11:Director112019-02-012020-01-31SC274076ns11:Director112018-02-012019-01-31SC274076ns11:Director112020-01-31SC274076ns11:Director112019-01-31
REGISTERED NUMBER: SC274076 (Scotland)




















Blacklane Asphalt Limited

Unaudited Financial Statements

for the Year Ended 31 January 2020





Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT








Blacklane Asphalt Limited (Registered number: SC274076)






Contents of the Financial Statements
for the Year Ended 31 January 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blacklane Asphalt Limited

Company Information
for the Year Ended 31 January 2020







DIRECTOR: A H Sives



SECRETARY: Whitelaw Wells



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC274076 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Bank of Scotland
38 St Andrew Square
Edinburgh
EH2 2YR
Page 1
Blacklane Asphalt Limited (Registered number: SC274076)

Balance Sheet
31 January 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 5 20,007 45,940
Cash at bank 107,341 15,342
127,348 61,282
CREDITORS
Amounts falling due within one year 6 100,701 34,958
NET CURRENT ASSETS 26,647 26,324
TOTAL ASSETS LESS CURRENT
LIABILITIES
26,647
26,324

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 25,647 25,324
SHAREHOLDERS' FUNDS 26,647 26,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 notes form part of these financial statements

Page 2 continued...
Blacklane Asphalt Limited (Registered number: SC274076)

Balance Sheet - continued
31 January 2020


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 and authorised for issue on 15 May 2020 and
were signed by:





A H Sives - Director


The notes form part of these financial statements

Page 3
Blacklane Asphalt Limited (Registered number: SC274076)

Notes to the Financial Statements
for the Year Ended 31 January 2020

1. STATUTORY INFORMATION

Blacklane Asphalt Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of laying and repairing roads, excluding value added tax. In
respect of service contracts turnover is recognised when the company obtains the right to
consideration.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value. All loans with related parties are all repayable on
demand.

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.


Page 4 continued...
Blacklane Asphalt Limited (Registered number: SC274076)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
Contributions payable to the employees' 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 2 (2019 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2019
and 31 January 2020 60,000
AMORTISATION
At 1 February 2019
and 31 January 2020 60,000
NET BOOK VALUE
At 31 January 2020 -
At 31 January 2019 -

Page 5 continued...
Blacklane Asphalt Limited (Registered number: SC274076)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 6,395 13,252
Amounts owed by group undertakings - 4,158
Amounts owed by associates 152 11,540
Other debtors 13,460 16,990
20,007 45,940

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 3,202 7,268
Amounts owed to group undertakings 61,842 -
Taxation and social security 32,723 24,788
Other creditors 2,934 2,902
100,701 34,958

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2020
and 31 January 2019:

2020 2019
£    £   
A H Sives
Balance outstanding at start of year 13,930 (1,447 )
Amounts advanced - 15,377
Amounts repaid (2,812 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,118 13,930

The director has undertaken to clear the overdrawn loan balance within nine months of the
accounting period, therefore no provision for section 455 tax has been made.

Page 6