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REGISTERED NUMBER: 05304631 (England and Wales)














Abridged Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Blue Fly (York) Limited

Blue Fly (York) Limited (Registered number: 05304631)






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


Blue Fly (York) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr J D Doughty





SECRETARY: Peckitt Ogden & Co Limited





REGISTERED OFFICE: 8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX





BUSINESS ADDRESS: 10A New Street
York
North Yorkshire
YO1 8RA





REGISTERED NUMBER: 05304631 (England and Wales)





ACCOUNTANTS: Peckitt Ogden & Co
Chartered Certified Accountants
8 Marsden Park
James Nicolson Link
Clifton Moor
York
YO30 4WX

Blue Fly (York) Limited (Registered number: 05304631)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 402,495 373,879
402,495 373,879

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 211,995 231,555
Cash at bank and in hand 138,793 281,466
353,788 516,021
CREDITORS
Amounts falling due within one year 155,909 154,602
NET CURRENT ASSETS 197,879 361,419
TOTAL ASSETS LESS CURRENT LIABILITIES 600,374 735,298

CREDITORS
Amounts falling due after more than one year 6 (192,102 ) (220,635 )

PROVISIONS FOR LIABILITIES (11,333 ) (5,574 )
NET ASSETS 396,939 509,089

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 395,939 508,089
SHAREHOLDERS' FUNDS 396,939 509,089

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.

Blue Fly (York) Limited (Registered number: 05304631)

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 Statement of Income and Retained Earnings and 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





Mr J D Doughty - Director


Blue Fly (York) Limited (Registered number: 05304631)

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

1. STATUTORY INFORMATION

Blue Fly (York) 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.

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 2006, 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 - straight line over the length of lease
Equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks 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 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.

Blue Fly (York) Limited (Registered number: 05304631)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023
and 31 March 2024 80,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

Blue Fly (York) Limited (Registered number: 05304631)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to
property property Equipment
£    £    £   
COST
At 1 April 2023 344,543 49,081 37,376
Additions - - 5,100
At 31 March 2024 344,543 49,081 42,476
DEPRECIATION
At 1 April 2023 - 49,081 18,303
Charge for year - - 3,626
At 31 March 2024 - 49,081 21,929
NET BOOK VALUE
At 31 March 2024 344,543 - 20,547
At 31 March 2023 344,543 - 19,073

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 61,570 - 33,087 525,657
Additions - 38,500 - 43,600
At 31 March 2024 61,570 38,500 33,087 569,257
DEPRECIATION
At 1 April 2023 53,250 - 31,144 151,778
Charge for year 1,248 9,625 485 14,984
At 31 March 2024 54,498 9,625 31,629 166,762
NET BOOK VALUE
At 31 March 2024 7,072 28,875 1,458 402,495
At 31 March 2023 8,320 - 1,943 373,879

Included within motor vehicles are assets at a written down value held under hire purchase agreements of £28,875 (2023 - £NIL), on which depreciation charged in the year was £9,625 (2023 - £NIL).

Blue Fly (York) Limited (Registered number: 05304631)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 114,269 117,802

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Non-cancellable operating leases
2024 2023
£    £   
Within one year 39,000 39,000
Between one and five years 61,750 100,750
100,750 139,750

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 221,602 250,335
Hire purchase contracts 3,142 -
224,744 250,335

Shawbrook Bank Limited holds a fixed and floating charge over all the assets of the company in respect to the loan advanced by them, the charge was created 09/02/2016.

Bank of Scotland PLC also holds fixed and floating charge over the assets of the company in respect to the loan advanced by them, the charge was created 06/04/2021.

The hire purchase agreement is secured on the asset concerned.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
999 "A" Ordinary £1 999 999
1 "B" Ordinary £1 1 1
1,000 1,000