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REGISTERED NUMBER: 05639133 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Blue Motors of Blackpool Limited

The Blue Motors of Blackpool Limited (Registered number: 05639133)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Blue Motors of Blackpool Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: W Brayford



REGISTERED OFFICE: 110A Cher
Minehead
Somerset
TA24 5EW



REGISTERED NUMBER: 05639133 (England and Wales)



ACCOUNTANTS: David R Johnson & Co
Chartered Certified Accountants
110A Cher
Minehead
Somerset
TA24 5EW



BANKERS: HSBC
20-22 Birley Street
Blackpool
Lancashire
FY1 1DU

The Blue Motors of Blackpool Limited (Registered number: 05639133)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,606 24,807

CURRENT ASSETS
Debtors 5 296 4,026
Cash at bank 1,497 898
1,793 4,924
CREDITORS
Amounts falling due within one year 6 1,038 1,925
NET CURRENT ASSETS 755 2,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,361

27,806

CREDITORS
Amounts falling due after more than one
year

7

116,048

112,475
NET LIABILITIES (96,687 ) (84,669 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (96,787 ) (84,769 )
SHAREHOLDERS' FUNDS (96,687 ) (84,669 )

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 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 Blue Motors of Blackpool Limited (Registered number: 05639133)

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.

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

The financial statements were approved by the director and authorised for issue on 8 July 2024 and were signed by:





W Brayford - Director


The Blue Motors of Blackpool Limited (Registered number: 05639133)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Blue Motors of Blackpool 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.

The principal accounting policies which the director has adopted within the historical cost convention are set out below. These incorporate the results of the principal activity which is described in the directors report and which is continuing.

The accounts have been prepared by the director on a going concern basis, which he considers appropriate, despite company having an excess of liabilities over total assets of £96687 at 31st March 2024 (2023 £84669).

The director considers the going concern basis appropriate as the long term funding for the company is by way of directors current account balance at 31st March 2024 of £116048 (2022 £112475). The director has made a commitment not to seek repayment of the current account balance due within the foreseeable future and will continue to provide the company with whatever financial support may be necessary to enable the company to meet its liabilities and commitments as they fall due. The director is confident that the company will trade out of its current difficulties in future years.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

The Blue Motors of Blackpool Limited (Registered number: 05639133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 58,648
DEPRECIATION
At 1 April 2023 33,841
Charge for year 6,201
At 31 March 2024 40,042
NET BOOK VALUE
At 31 March 2024 18,606
At 31 March 2023 24,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 316
Other debtors 296 3,710
296 4,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 13
Other creditors 1,038 1,912
1,038 1,925

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Other creditors 116,048 112,475

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 116,048 112,475

The Blue Motors of Blackpool Limited (Registered number: 05639133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Brayford.