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REGISTERED NUMBER: 05367709 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

THE BLUE DOOR DEVELOPMENT COMPANY LTD

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BLUE DOOR DEVELOPMENT COMPANY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr K P Bowden
Mrs S L Bowden
Mrs T J Lilley





SECRETARY: Mrs S L Bowden





REGISTERED OFFICE: Hall Farm
Scole Road
Thorpe Abbotts
Norfolk
IP21 4HS





REGISTERED NUMBER: 05367709 (England and Wales)





ACCOUNTANTS: Berry & Warren Ltd
Chartered Accountants
54 Thorpe Road
Norwich
Norfolk
NR1 1RY

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,041 185,147

CURRENT ASSETS
Stocks 391,837 237,301
Debtors 5 23,115 73,585
Cash at bank and in hand 9 9
414,961 310,895
CREDITORS
Amounts falling due within one year 6 343,642 227,444
NET CURRENT ASSETS 71,319 83,451
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,360

268,598

CREDITORS
Amounts falling due after more than one
year

7

(58,735

)

(46,694

)

PROVISIONS FOR LIABILITIES (34,701 ) (26,402 )
NET ASSETS 190,924 195,502

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,824 195,402
SHAREHOLDERS' FUNDS 190,924 195,502

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

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

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

BALANCE SHEET - continued
31ST 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 Board of Directors and authorised for issue on 18th October 2024 and were signed on its behalf by:





Mr K P Bowden - Director


THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

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

1. STATUTORY INFORMATION

The Blue Door Development Company 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.

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 directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

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

The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Property improvements - 5% straight line
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Office equipment - 25% reducing balance

The assets' residual values , useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

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

2. ACCOUNTING POLICIES - continued

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

Work in progress represents the value of work carried out and not yet invoiced at the Balance sheet date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

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.

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.

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

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 106,046 319,822 425,868
Additions - 77,844 77,844
Disposals - (56,269 ) (56,269 )
At 31st March 2024 106,046 341,397 447,443
DEPRECIATION
At 1st April 2023 26,510 214,211 240,721
Charge for year 5,302 32,486 37,788
Eliminated on disposal - (44,107 ) (44,107 )
At 31st March 2024 31,812 202,590 234,402
NET BOOK VALUE
At 31st March 2024 74,234 138,807 213,041
At 31st March 2023 79,536 105,611 185,147

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

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

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st April 2023 109,479
Additions 74,544
Transfer to ownership (40,270 )
At 31st March 2024 143,753
DEPRECIATION
At 1st April 2023 44,331
Charge for year 21,813
Transfer to ownership (26,467 )
At 31st March 2024 39,677
NET BOOK VALUE
At 31st March 2024 104,076
At 31st March 2023 65,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,115 53,633
Other debtors - 19,952
23,115 73,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 33,589 37,091
Hire purchase contracts 30,620 16,327
Trade creditors 125,584 110,256
Taxation and social security 123,576 39,530
Other creditors 30,273 24,240
343,642 227,444

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 47,068 25,027
58,735 46,694

THE BLUE DOOR DEVELOPMENT COMPANY LTD (REGISTERED NUMBER: 05367709)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 23,589 27,091
Hire purchase contracts 77,688 41,354
101,277 68,445

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr K P Bowden and Mrs S L Bowden
Balance outstanding at start of year 10,212 20,319
Amounts advanced - 10,212
Amounts repaid (10,212 ) (20,319 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,212

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.