Company Registration No. 10181993 (England and Wales)
Blazon Agency Limited
Unaudited accounts
for the year ended 31 May 2021
Blazon Agency Limited
Unaudited accounts
Contents
Blazon Agency Limited
Company Information
for the year ended 31 May 2021
Company Number
10181993 (England and Wales)
Registered Office
Floor 3
86-90 Paul Street
London
EC2A 4NE
Accountants
Accounts Lab Ltd
The Leeming Building
Vicar Lane
Leeds
West Yorkshire
LS2 7JF
Blazon Agency Limited
Statement of financial position
as at
31 May 2021
Tangible assets
2,413
1,062
Cash at bank and in hand
141,771
131,414
Creditors: amounts falling due within one year
(49,048)
(25,202)
Net current assets
172,495
144,137
Total assets less current liabilities
174,908
145,199
Creditors: amounts falling due after more than one year
(40,000)
(48,000)
Net assets
134,908
97,199
Called up share capital
1,000
1,000
Profit and loss account
133,908
96,199
Shareholders' funds
134,908
97,199
For the year ending 31 May 2021 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 January 2022 and were signed on its behalf by
Michael Raven
Director
Company Registration No. 10181993
Blazon Agency Limited
Notes to the Accounts
for the year ended 31 May 2021
Blazon Agency Limited is a private company, limited by shares, registered in England and Wales, registration number 10181993. The registered office is Floor 3, 86-90 Paul Street, London, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Blazon Agency Limited
Notes to the Accounts
for the year ended 31 May 2021
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
-
2,798
2,798
Additions
316
2,004
2,320
At 31 May 2021
316
4,802
5,118
At 1 June 2020
-
1,736
1,736
Charge for the year
48
921
969
At 31 May 2021
48
2,657
2,705
At 31 May 2021
268
2,145
2,413
At 31 May 2020
-
1,062
1,062
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
79,772
36,672
Accrued income and prepayments
-
180
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
10,000
-
Trade creditors
3,381
160
Taxes and social security
33,062
22,685
Other creditors
1,461
1,482
Loans from directors
607
-
7
Creditors: amounts falling due after more than one year
2021
2020
8
Share capital
2021
2020
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 1 (2020: 1).