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REGISTERED NUMBER: 10854975 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Bluestone Motors Ltd

Bluestone Motors Ltd (Registered number: 10854975)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bluestone Motors Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M Norburn
Miss J Chisholm





REGISTERED OFFICE: 1 The Green
Grindleford
Hope Valley
S32 2HH





REGISTERED NUMBER: 10854975 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Bluestone Motors Ltd (Registered number: 10854975)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 33,317 60,629

CURRENT ASSETS
Inventories 40,700 73,000
Debtors 5 - 21,645
Cash at bank 54,204 -
94,904 94,645
CREDITORS
Amounts falling due within one year 6 90,291 72,566
NET CURRENT ASSETS 4,613 22,079
TOTAL ASSETS LESS CURRENT LIABILITIES 37,930 82,708

CREDITORS
Amounts falling due after more than one
year

7

26,866

66,605
NET ASSETS 11,064 16,103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,964 16,003
11,064 16,103

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

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

Bluestone Motors Ltd (Registered number: 10854975)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mr M Norburn - Director


Bluestone Motors Ltd (Registered number: 10854975)

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

1. STATUTORY INFORMATION

Bluestone Motors Ltd 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
Revenue 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

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bluestone Motors Ltd (Registered number: 10854975)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 87,474
Disposals (38,488 )
At 31 July 2024 48,986
DEPRECIATION
At 1 August 2023 26,845
Charge for year 11,419
Eliminated on disposal (22,595 )
At 31 July 2024 15,669
NET BOOK VALUE
At 31 July 2024 33,317
At 31 July 2023 60,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 21,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,540 13,346
Hire purchase contracts 33,688 1,654
Trade creditors 2,437 40
Taxation and social security 12,765 1,939
Other creditors 35,861 55,587
90,291 72,566

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 26,866 32,917
Hire purchase contracts - 33,688
26,866 66,605

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,866 12,917

Bluestone Motors Ltd (Registered number: 10854975)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr M Norburn
Balance outstanding at start of year 9,576 9,630
Amounts advanced 44,400 -
Amounts repaid (54,050 ) (54 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74 ) 9,576