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REGISTERED NUMBER: 08740276 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Blueplane Limited

Blueplane Limited (Registered number: 08740276)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Blueplane Limited (Registered number: 08740276)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 398,811 515,366

Current assets
Stocks 1,582 1,368
Debtors 5 14,306 104,233
Cash at bank and in hand 305,735 110,214
321,623 215,815
Creditors
Amounts falling due within one year 6 509,004 426,908
Net current liabilities (187,381 ) (211,093 )
Total assets less current liabilities 211,430 304,273

Creditors
Amounts falling due after more than
one year

7

-

17,365
Net assets 211,430 286,908

Capital and reserves
Called up share capital 100 100
Retained earnings 211,330 286,808
211,430 286,908

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

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

Blueplane Limited (Registered number: 08740276)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





S G Morley - Director


Blueplane Limited (Registered number: 08740276)

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

1. Statutory information

Blueplane Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08740276

Registered office: Blackbushe Aviation
Blackbushe Airport
Camberley
Surrey
GU17 9LB

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.

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 - 10% on reducing balance
Fixtures and fittings - 20% 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.


Blueplane Limited (Registered number: 08740276)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 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
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 7 (2023 - 9 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 November 2023 773,063 27,948 801,011
Disposals (103,845 ) (421 ) (104,266 )
At 31 October 2024 669,218 27,527 696,745
Depreciation
At 1 November 2023 263,446 22,199 285,645
Charge for year 48,590 1,087 49,677
Eliminated on disposal (37,279 ) (109 ) (37,388 )
At 31 October 2024 274,757 23,177 297,934
Net book value
At 31 October 2024 394,461 4,350 398,811
At 31 October 2023 509,617 5,749 515,366

Blueplane Limited (Registered number: 08740276)

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

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Directors' current accounts 2,945 91,396
Prepayments and accrued income 11,361 12,837
14,306 104,233

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 10,077
Trade creditors 42,863 59,291
Corporation tax 85,490 -
Social security and other taxes 6,161 7,930
VAT 46,395 32,257
Other creditors 2,559 2,975
Accruals and deferred income 325,536 314,378
509,004 426,908

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years - 10,332
Bank loans - 2-5 years - 7,033
- 17,365

8. Directors' advances, credits and guarantees

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

2024 2023
£    £   
A Morley and S G Morley
Balance outstanding at start of year 91,396 6,713
Amounts advanced 2,945 91,396
Amounts repaid (91,396 ) (6,713 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,945 91,396

Interest of £1,478 has been charged on these advances.

Blueplane Limited (Registered number: 08740276)

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

9. Ultimate controlling party

The ultimate controlling party is the directors together.