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REGISTERED NUMBER: 01115531 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BLUEMAY LIMITED

BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUEMAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs M J Norman
M J Norman





SECRETARY: M J Norman





REGISTERED OFFICE: Bidmead Park
Sells Green
Melksham
Wiltshire
SN12 6RS





REGISTERED NUMBER: 01115531 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,379,508 871,744
Investments 6 104 104
1,379,612 871,848

CURRENT ASSETS
Stocks 120,863 159,565
Debtors 7 412,932 361,698
Cash at bank and in hand 1,278,805 1,588,554
1,812,600 2,109,817
CREDITORS
Amounts falling due within one year 8 265,513 236,351
NET CURRENT ASSETS 1,547,087 1,873,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,926,699

2,745,314

CREDITORS
Amounts falling due after more than one year 9 - (151,600 )

PROVISIONS FOR LIABILITIES 10 (158,258 ) (103,600 )
NET ASSETS 2,768,441 2,490,114

CAPITAL AND RESERVES
Called up share capital 21,250 21,250
Share premium 1,333 1,333
Retained earnings 2,745,858 2,467,531
SHAREHOLDERS' FUNDS 2,768,441 2,490,114

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

BALANCE SHEET - continued
30 JUNE 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 20 March 2025 and were signed on its behalf by:





M J Norman - Director


BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Bluemay 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 1988, has been fully amortised evenly over its economic useful life of twenty years.

On 30 November 2007, the company acquired the goodwill in relation to the acquisition of a business and this has been fully amortised evenly over its economic useful life of five years.

On 6 September 2010, the company acquired the goodwill in relation to the acquisition of a business including customer lists and this has been fully amortised evenly over its economic useful life of five 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.
Freehold property - 2% on reducing balance
Plant and machinery - 20% on reducing balance and Straight line over 25 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants received are accounting for using the performance model.

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 balance sheet date.


BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 207,439
AMORTISATION
At 1 July 2023
and 30 June 2024 207,439
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 762,268 2,997,865 332,750 39,839 4,132,722
Additions 299,261 290,322 4,137 31,896 625,616
Disposals - (9,909 ) (3,220 ) - (13,129 )
At 30 June 2024 1,061,529 3,278,278 333,667 71,735 4,745,209
DEPRECIATION
At 1 July 2023 314,036 2,626,728 296,005 24,209 3,260,978
Charge for year 8,964 87,893 8,105 11,881 116,843
Eliminated on disposal - (9,256 ) (2,864 ) - (12,120 )
At 30 June 2024 323,000 2,705,365 301,246 36,090 3,365,701
NET BOOK VALUE
At 30 June 2024 738,529 572,913 32,421 35,645 1,379,508
At 30 June 2023 448,232 371,137 36,745 15,630 871,744

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Interest in subsidiaries 104 104

The investment holdings include share capital held as nominee holdings.

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 261,051 267,255
Other debtors 83,168 57,676
344,219 324,931

Amounts falling due after more than one year:
Other debtors 68,713 36,767

Aggregate amounts 412,932 361,698

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 111,678 112,178
Taxation and social security 122,023 103,549
Other creditors 31,812 20,624
265,513 236,351

BLUEMAY LIMITED (REGISTERED NUMBER: 01115531)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 151,600

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 158,258 103,600

Deferred
tax
£   
Balance at 1 July 2023 103,600
Provided during year 54,658
Balance at 30 June 2024 158,258