BLM Installations Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06025642 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

BLM Installations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P White

SECRETARY:

Ms S Fleming

REGISTERED OFFICE:

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

REGISTERED NUMBER:

06025642 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

CURRENT ASSETS

Debtors

6

42

20

Cash at bank

351

10

393

30

CREDITORS

Amounts falling due within one year

7

8,817

7,998

NET CURRENT LIABILITIES

(8,424

)

(7,968

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,424

)

(7,968

)

CREDITORS

Amounts falling due after more than one year

8

2,590

-

NET LIABILITIES

(11,014

)

(7,968

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(11,016

)

(7,970

)

SHAREHOLDERS' FUNDS

(11,014

)

(7,968

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 August 2021 and were signed by:

P White - Director

1.	STATUTORY INFORMATION

BLM Installations 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparation

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

25% on cost

Government grants

The company receives government grants in respect of the Business Bounce Back Loan Scheme. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

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.

Going concern

At the balance sheet date the company had net current liabilities of £8,424 and net liabilities totalling £11,014. The company is reliant on the continued support of the director, who was owed £5,793 (2019: £2,184) at the balance sheet date. The director has confirmed both his willingness and ability to continue to financially support the company and therefore consider that it is appropriate to prepare these financial statements on a going concern basis.

Covid-19

The directors has considered the consequences of COVID-19 and other events and conditions, and has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

The impact of COVID-19 on future performance and therefore on the measurement of some assets and liabilities or on liquidity might be significant and might therefore require disclosure in the financial statements, but the director has determined that they do not create a material uncertainty that casts significant doubt upon the entity's ability to continue as a going concern.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

and 31 December 2020

2,564

DEPRECIATION

At 1 January 2020

and 31 December 2020

2,564

NET BOOK VALUE

At 31 December 2020

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Other debtors

42

20

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/20

31/12/19

£

£

Bank loans and overdrafts

288

2,906

Trade creditors

1,986

2,008

Other creditors

6,543

3,084

8,817

7,998

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/20

31/12/19

£

£

Bank loans

2,590

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

288

-

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed £5,793 (2019: £2,184) to the director.

10.	ULTIMATE CONTROLLING PARTY

The company is jointly controlled by P White and S Fleming.