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REGISTERED NUMBER: 06510830 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Blue Peter Garage Limited

Blue Peter Garage Limited (Registered number: 06510830)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Peter Garage Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C J Poulter
Mrs S E Poulter





SECRETARY: Mrs S E Poulter





REGISTERED OFFICE: Unit 6 Moniton Trading Estate
Worting
Basingstoke
Hampshire
RG22 6NQ





REGISTERED NUMBER: 06510830 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Blue Peter Garage Limited (Registered number: 06510830)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,860 8,804
4,860 8,804

CURRENT ASSETS
Stocks 6,546 8,994
Debtors 6 38,391 36,797
Cash at bank and in hand 133,469 144,464
178,406 190,255
CREDITORS
Amounts falling due within one year 7 82,557 84,780
NET CURRENT ASSETS 95,849 105,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,709

114,279

PROVISIONS FOR LIABILITIES 9 - 473
NET ASSETS 100,709 113,806

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 99,709 112,806
SHAREHOLDERS' FUNDS 100,709 113,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Blue Peter Garage Limited (Registered number: 06510830)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





C J Poulter - Director


Blue Peter Garage Limited (Registered number: 06510830)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Blue Peter Garage 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Plant and machinery - 25% on cost and 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Blue Peter Garage Limited (Registered number: 06510830)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Blue Peter Garage Limited (Registered number: 06510830)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 53,478
AMORTISATION
At 1 July 2023
and 30 June 2024 53,478
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 59,189 94,401 6,915
Disposals - - -
At 30 June 2024 59,189 94,401 6,915
DEPRECIATION
At 1 July 2023 57,501 88,850 6,915
Charge for year 423 3,113 -
Eliminated on disposal - - -
At 30 June 2024 57,924 91,963 6,915
NET BOOK VALUE
At 30 June 2024 1,265 2,438 -
At 30 June 2023 1,688 5,551 -

Blue Peter Garage Limited (Registered number: 06510830)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 7,410 3,985 171,900
Disposals - (637 ) (637 )
At 30 June 2024 7,410 3,348 171,263
DEPRECIATION
At 1 July 2023 6,023 3,807 163,096
Charge for year 347 61 3,944
Eliminated on disposal - (637 ) (637 )
At 30 June 2024 6,370 3,231 166,403
NET BOOK VALUE
At 30 June 2024 1,040 117 4,860
At 30 June 2023 1,387 178 8,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,250 4,755
Other debtors 34,141 32,042
38,391 36,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 43,599 43,212
Taxation and social security 36,008 38,743
Other creditors 2,950 2,825
82,557 84,780

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 61,165 61,760
Between one and five years 244,000 244,000
In more than five years 244,000 305,000
549,165 610,760

Blue Peter Garage Limited (Registered number: 06510830)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax - 473

Deferred
tax
£   
Balance at 1 July 2023 473
Accelerated capital allowances (473 )
Balance at 30 June 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RELATED PARTY DISCLOSURES

The business rent is secured by a personal guarantee from one of the directors of the company.