Company Registration No. 10181993 (England and Wales)
Blazon Agency Limited
Unaudited accounts
for the year ended 31 May 2023
Blazon Agency Limited
Unaudited accounts
Contents
Blazon Agency Limited
Company Information
for the year ended 31 May 2023
Company Number
10181993 (England and Wales)
Registered Office
Floor 3
86-90 Paul Street
London
EC2A 4NE
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
Blazon Agency Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,366
2,358
Cash at bank and in hand
68,005
63,540
Creditors: amounts falling due within one year
(51,647)
(48,693)
Net current assets
88,911
88,274
Total assets less current liabilities
91,277
90,632
Creditors: amounts falling due after more than one year
(31,561)
(33,607)
Called up share capital
1,000
1,000
Profit and loss account
58,716
56,025
Shareholders' funds
59,716
57,025
For the year ending 31 May 2023 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 29 February 2024 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 2023
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 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
316
5,672
5,988
At 31 May 2023
316
6,963
7,279
At 1 June 2022
127
3,503
3,630
Charge for the year
79
1,204
1,283
At 31 May 2023
206
4,707
4,913
At 31 May 2023
110
2,256
2,366
At 31 May 2022
189
2,169
2,358
Amounts falling due within one year
Trade debtors
72,553
71,478
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
11,235
11,235
Taxes and social security
34,386
32,234
Other creditors
2,702
3,963
Loans from directors
-
291
7
Creditors: amounts falling due after more than one year
2023
2022
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 (2022: 1).