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REGISTERED NUMBER: 12314587 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BLUEBELL & IVY LIMITED

BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BLUEBELL & IVY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss L E Hart



REGISTERED OFFICE: 18 Queen Street
Ulverston
Ulverston
Cumbria
LA12 7AF



REGISTERED NUMBER: 12314587 (England and Wales)



BANKERS: National Westminster Bank plc
PO Box 4115
Hornchurch
Essex
RM12 4DF

BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)

ABRIDGED BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,851 18,038

CURRENT ASSETS
Stocks 1,380 850
Debtors 13,068 11,032
Cash at bank and in hand 26,410 13,322
40,858 25,204
CREDITORS
Amounts falling due within one year 31,642 28,039
NET CURRENT ASSETS/(LIABILITIES) 9,216 (2,835 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,067

15,203

CREDITORS
Amounts falling due after more than one
year

5,800

15,168
NET ASSETS 15,267 35

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 15,266 34
SHAREHOLDERS' FUNDS 15,267 35

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Miss L E Hart - Director


BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bluebell & Ivy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis the director having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of goods, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 32,017
Additions 295
Disposals (1,968 )
At 31 March 2024 30,344
DEPRECIATION
At 1 April 2023 13,979
Charge for year 5,843
Eliminated on disposal (1,329 )
At 31 March 2024 18,493
NET BOOK VALUE
At 31 March 2024 11,851
At 31 March 2023 18,038

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023
and 31 March 2024 28,995
DEPRECIATION
At 1 April 2023 11,598
Charge for year 5,799
At 31 March 2024 17,397
NET BOOK VALUE
At 31 March 2024 11,598
At 31 March 2023 17,397

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 5,269 4,785
Between one and five years 925 6,194
6,194 10,979

BLUEBELL & IVY LIMITED (REGISTERED NUMBER: 12314587)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.3.24 31.3.23
£    £   
Within one year 1,400 -

6. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 6,194 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Miss L E Hart
Balance outstanding at start of year 9,548 7,566
Amounts advanced 9,983 22,500
Amounts repaid (9,548 ) (20,518 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,983 9,548

The loan is interest free, unsecured and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss L E Hart.