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REGISTERED NUMBER: SC136970 (Scotland)















Financial Statements for the Year Ended 31 May 2024

for

Blue Crags Promotions Limited

Blue Crags Promotions Limited (Registered number: SC136970)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Crags Promotions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J M Pearson
A J B Pearson





SECRETARY: J M Pearson





REGISTERED OFFICE: Westend
90 High Street
Strathmiglo
Fife
KY14 7PT





REGISTERED NUMBER: SC136970 (Scotland)





ACCOUNTANTS: Monteaths
Cairnfield
14 School Road
Balmullo
St Andrews
Fife
KY16 0BD

Blue Crags Promotions Limited (Registered number: SC136970)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,392 49,945
Investments 6 - 22,147
38,392 72,092

CURRENT ASSETS
Stocks 14,500 18,700
Debtors 7 103,642 88,276
Cash at bank 72,744 20,225
190,886 127,201
CREDITORS
Amounts falling due within one year 8 59,580 43,803
NET CURRENT ASSETS 131,306 83,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

169,698

155,490

PROVISIONS FOR LIABILITIES 6,494 8,139
NET ASSETS 163,204 147,351

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 163,004 147,151
163,204 147,351

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

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

Blue Crags Promotions Limited (Registered number: SC136970)

Balance Sheet - continued
31 May 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 11 February 2025 and were signed on its behalf by:




J M Pearson - Director



A J B Pearson - Director


Blue Crags Promotions Limited (Registered number: SC136970)

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

1. STATUTORY INFORMATION

Blue Crags Promotions Limited is a private company, limited by shares , registered in Scotland. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 33% on cost, 25% on reducing balance, 15% on cost and 15% 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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023
and 31 May 2024 2,600
AMORTISATION
At 1 June 2023
and 31 May 2024 2,600
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Blue Crags Promotions Limited (Registered number: SC136970)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 176,323
Additions 862
At 31 May 2024 177,185
DEPRECIATION
At 1 June 2023 126,378
Charge for year 12,415
At 31 May 2024 138,793
NET BOOK VALUE
At 31 May 2024 38,392
At 31 May 2023 49,945

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 22,147
Disposals (22,147 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 22,147

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 54,345 64,507
Other debtors 49,297 23,769
103,642 88,276

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,844 3,884
Trade creditors 20,937 11,191
Taxation and social security 30,357 25,396
Other creditors 3,442 3,332
59,580 43,803