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REGISTERED NUMBER: SC382675 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BLUE STEEL LIMITED

BLUE STEEL LIMITED (REGISTERED NUMBER: SC382675)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLUE STEEL LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2023







DIRECTOR: S R Macintosh



REGISTERED OFFICE: 22 Backbrae Street
Kilsyth
Glasgow
North Lanarkshire
G65 0NH



REGISTERED NUMBER: SC382675 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Clydesdale Bank
30 St Vincent Place
Glasgow
G1 2HL

BLUE STEEL LIMITED (REGISTERED NUMBER: SC382675)

ABRIDGED BALANCE SHEET
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 164,430 178,745
Investment property 5 230,780 230,780
395,210 409,525

CURRENT ASSETS
Debtors 4,405 3,699
Cash at bank 63,003 87,465
67,408 91,164
CREDITORS
Amounts falling due within one year 324,315 321,340
NET CURRENT LIABILITIES (256,907 ) (230,176 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,303

179,349

CREDITORS
Amounts falling due after more than one
year

21,076

29,772
NET ASSETS 117,227 149,577

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 117,225 149,575
SHAREHOLDERS' FUNDS 117,227 149,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

BLUE STEEL LIMITED (REGISTERED NUMBER: SC382675)

ABRIDGED BALANCE SHEET - continued
31 July 2023



The financial statements were approved by the director and authorised for issue on 5 March 2024 and were signed by:





S R Macintosh - Director


BLUE STEEL LIMITED (REGISTERED NUMBER: SC382675)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Blue Steel Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

BLUE STEEL LIMITED (REGISTERED NUMBER: SC382675)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 225,857
Additions 19,617
At 31 July 2023 245,474
DEPRECIATION
At 1 August 2022 47,112
Charge for year 33,932
At 31 July 2023 81,044
NET BOOK VALUE
At 31 July 2023 164,430
At 31 July 2022 178,745

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 230,780
NET BOOK VALUE
At 31 July 2023 230,780
At 31 July 2022 230,780

6. ULTIMATE CONTROLLING PARTY

The company is wholly owned and controlled by the director, Mr Stephen MacIntosh.