REGISTERED NUMBER: 04183850 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2013

for

Blacksmith DC Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

N A Smith

SECRETARY:

N A Smith

REGISTERED OFFICE:

Blacksmith House

100A Wakefield Road

Lepton

Huddersfield

West Yorkshire

HD8

0DL

REGISTERED NUMBER:

04183850 (England and Wales)

ACCOUNTANTS:

Balance Accountants

Victoria Court

91 Huddersfield Road

Holmfirth

West Yorkshire

HD9 3JA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

7,536

8,899

7,536

8,899

CURRENT ASSETS

Debtors

249,038

257,501

Cash at bank and in hand

5,386

2,678

254,424

260,179

CREDITORS

Amounts falling due within one year

4

235,626

221,856

NET CURRENT ASSETS

18,798

38,323

TOTAL ASSETS LESS CURRENT LIABILITIES

26,334

47,222

CREDITORS

Amounts falling due after more than one year

4

(40,356

)

(55,571

)

PROVISIONS FOR LIABILITIES

(1,115

)

(478

)

NET LIABILITIES

(15,137

)

(8,827

)

CAPITAL AND RESERVES

Called up share capital

5

1

1

Profit and loss account

(15,138

)

(8,828

)

SHAREHOLDERS' FUNDS

(15,137

)

(8,827

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2013 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 May 2014 and were signed by:

N A Smith - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the Going Concern basis which assumes that the company will

continue to exist for the foreseeable future. However, as the company is technically insolvent this is dependent

on the continued support of the creditors. On this basis, the director considers it appropriate to prepare the

financial statements on the going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account in the period to which they relate.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account as incurred.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

and 31 August 2013

30,000

AMORTISATION

At 1 September 2012

and 31 August 2013

30,000

NET BOOK VALUE

At 31 August 2013

-

At 31 August 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2012

44,960

Additions

336

At 31 August 2013

45,296

DEPRECIATION

At 1 September 2012

36,061

Charge for year

1,699

At 31 August 2013

37,760

NET BOOK VALUE

At 31 August 2013

7,536

At 31 August 2012

8,899

4.

CREDITORS

Creditors include an amount of £ 54,843 (2012 - £ 69,558 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

1

Ordinary

£1

1

1

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2013 and

31 August 2012:

2013

2012

£

£

N A Smith

Balance outstanding at start of year

149,501

149,382

Amounts advanced

17,359

11,838

Amounts repaid

(24,057

)

(11,719

)

Balance outstanding at end of year

142,803

149,501

Interest is being charged on the overdrawn directors loan account at 4% p.a (2012: 4% p.a) and there are no

fixed terms of repayment.

The director operates a current account and advances and credits disclosed above represent aggregates for the

period.