Registered number
11826423
Blue Line North Ltd
Filleted Accounts
28 February 2023
Blue Line North Ltd
Registered number: 11826423
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 629,072 359,302
Current assets
Debtors 4 309 1,625
Cash at bank and in hand 58,157 246
58,466 1,871
Creditors: amounts falling due within one year 5 (231,295) (276,698)
Net current liabilities (172,829) (274,827)
Total assets less current liabilities 456,243 84,475
Creditors: amounts falling due after more than one year 6 (495,519) (84,340)
Net (liabilities)/assets (39,276) 135
Capital and reserves
Called up share capital 100 100
Profit and loss account (39,376) 35
Shareholders' funds (39,276) 135
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J Neumann
Director
Approved by the board on 28 March 2024
Blue Line North Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2022 359,302
Additions 269,770
At 28 February 2023 629,072
Depreciation
At 28 February 2023 -
Net book value
At 28 February 2023 629,072
At 28 February 2022 359,302
4 Debtors 2023 2022
£ £
Other debtors 309 1,625
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 231,295 276,698
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 495,519 84,340
7 Other information
Blue Line North Ltd is a private company limited by shares and incorporated in England. Its registered office is:
c/o B Olsberg
Room 9, Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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