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Registration number: 12572672

Blue Bear Transport Ltd

Annual Report and Financial Statements

for the Year Ended 31 March 2023

 

Blue Bear Transport Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Blue Bear Transport Ltd

Company registration number: 12572672
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

180,301

129,746

Current assets

 

Debtors

5

279,402

192,923

Cash at bank and in hand

 

151,304

133,841

 

430,706

326,764

Creditors: Amounts falling due within one year

6

(162,694)

(152,162)

Net current assets

 

268,012

174,602

Total assets less current liabilities

 

448,313

304,348

Creditors: Amounts falling due after more than one year

6

(5,350)

(20,723)

Provisions for liabilities

(34,257)

(24,652)

Net assets

 

408,706

258,973

Capital and reserves

 

Called up share capital

100

100

Retained earnings

408,606

258,873

Shareholders' funds

 

408,706

258,973

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Blue Bear Transport Ltd

Company registration number: 12572672
Balance Sheet as at 31 March 2023 (continued)

Approved and authorised by the director on 13 November 2023
 

Mr T M Holroyd, Director

 

Blue Bear Transport Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 North Street
Oadby
LEICESTER
LE2 5AH

These financial statements were authorised for issue by the director on 13 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

 

Blue Bear Transport Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2023 (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles and equipment

25% based on net book value

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2022 - 7).

 

Blue Bear Transport Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2023 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

2,200

178,846

181,046

Additions

2,712

165,196

167,908

Disposals

-

(66,624)

(66,624)

At 31 March 2023

4,912

277,418

282,330

Depreciation

At 1 April 2022

644

50,656

51,300

Charge for the year

1,067

60,950

62,017

Eliminated on disposal

-

(11,288)

(11,288)

At 31 March 2023

1,711

100,318

102,029

Carrying amount

At 31 March 2023

3,201

177,100

180,301

At 31 March 2022

1,556

128,190

129,746

5

Debtors

Current

2023
£

2022
£

Trade debtors

279,302

192,823

Other debtors

100

100

 

279,402

192,923

 

Blue Bear Transport Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

HP and finance lease liabilities

11,845

37,150

Trade creditors

49,821

49,842

Taxation and social security

99,524

61,755

Other creditors

1,504

3,415

162,694

152,162

Due after one year

HP and finance lease liabilities

5,350

20,723

HP and finance lease liabilities are secured.