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REGISTERED NUMBER: 08501161 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Bluebox Automotive Limited

Bluebox Automotive Limited (Registered number: 08501161)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Bluebox Automotive Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr I M Goldsmith



REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



REGISTERED NUMBER: 08501161 (England and Wales)



ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE



BANKERS: HSBC
40 South Road
Haywards Heath
West Sussex
RH16 4LA

Bluebox Automotive Limited (Registered number: 08501161)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,552 10,887
Investments 5 100 100
7,652 10,987

CURRENT ASSETS
Stocks 482,551 506,022
Debtors 6 138,989 109,864
Cash at bank 108,530 171,144
730,070 787,030
CREDITORS
Amounts falling due within one year 7 541,705 581,284
NET CURRENT ASSETS 188,365 205,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,017

216,733

CREDITORS
Amounts falling due after more than one
year

8

(51,374

)

(61,597

)

PROVISIONS FOR LIABILITIES (1,435 ) (2,069 )
NET ASSETS 143,208 153,067

Bluebox Automotive Limited (Registered number: 08501161)

Statement of Financial Position - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 123,208 133,067
SHAREHOLDERS' FUNDS 143,208 153,067

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 25 November 2024 and were signed by:





Mr I M Goldsmith - Director


Bluebox Automotive Limited (Registered number: 08501161)

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

1. STATUTORY INFORMATION

Bluebox Automotive 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.

Related party exemption
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 with wholly owned subsidiaries within the group.

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.
Improvements to property - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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 statement of financial position date.


Bluebox Automotive Limited (Registered number: 08501161)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023
and 30 April 2024 50,399 13,288 3,461 8,920 76,068
DEPRECIATION
At 1 May 2023 50,399 5,445 2,836 6,501 65,181
Charge for year - 2,185 237 913 3,335
At 30 April 2024 50,399 7,630 3,073 7,414 68,516
NET BOOK VALUE
At 30 April 2024 - 5,658 388 1,506 7,552
At 30 April 2023 - 7,843 625 2,419 10,887

Bluebox Automotive Limited (Registered number: 08501161)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100
At 30 April 2023 100

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Bluauto Limited
Registered office: Delmon House, 36-38 Church Walk,Burgess Hill, West Sussex, RH15 9AE
Nature of business: Automotive servicing
%
Class of shares: holding
Ordinary A 100.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves (33,619 ) (38,327 )
Profit/(loss) for the year 4,708 (3,392 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 116,723 52,032
Amounts owed by group undertakings 15,000 47,000
Other debtors 7,266 10,832
138,989 109,864

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,225 9,973
Trade creditors 107,763 153,061
Taxation and social security 14,374 11,265
Other creditors 409,343 406,985
541,705 581,284

Bluebox Automotive Limited (Registered number: 08501161)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,374 21,597
Other creditors 40,000 40,000
51,374 61,597

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Vehicle Stocking Loan 374,237 365,598

The amount outstanding is secured on the vehicles held in stock.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I M Goldsmith.