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REGISTERED NUMBER: 03861294 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BEDFORD BLUES LIMITED

BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)






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

Chartered Accountants' Report 8

BEDFORD BLUES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D B Gunner
D H Owen
L Mansell
J A E Stonor





REGISTERED OFFICE: The Rugby Ground
Goldington Road
Bedford
Bedfordshire
MK40 3NF





REGISTERED NUMBER: 03861294 (England and Wales)





ACCOUNTANTS: Monico Tunley Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY

BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 369,264 428,269
369,265 428,270

CURRENT ASSETS
Stocks 59,333 28,782
Debtors 6 123,365 147,423
Cash at bank and in hand 629,201 607,906
811,899 784,111
CREDITORS
Amounts falling due within one year 7 631,174 665,122
NET CURRENT ASSETS 180,725 118,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,990

547,259

CREDITORS
Amounts falling due after more than one
year

8

841,652

841,652
NET LIABILITIES (291,662 ) (294,393 )

CAPITAL AND RESERVES
Called up share capital 9 2,191,975 2,191,975
Retained earnings (2,483,637 ) (2,486,368 )
SHAREHOLDERS' FUNDS (291,662 ) (294,393 )

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.

BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





D B Gunner - Director


BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

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

1. STATUTORY INFORMATION

Bedford Blues 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.

The directors have considered and believe that there are no principle events or conditions that cast significant doubt on the company's ability to continue as a going concern for a period of twelve months from the date of approval of these financial statements. Therefore, these financial statements have been prepared on the going concern basis.

Turnover
Turnover represents amounts receivable for goods and services, excluding value added tax.

Goodwill
Goodwill has been written down to a nominal value in accordance with the directors' view of its residual value.

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 - 10% straight line and 4% on cost
Plant and machinery - 20% straight line

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 Profit and Loss Account, 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.


BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

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.

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.

Players contracts
Amounts paid as recruitment fees for players' contracts are charged to the profit and loss account in full in the first year of the contract. Profits arising from the sale of players' contracts are accounted for in the accounts for the year in which the transfer takes place.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 72 (2023 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 119,400
AMORTISATION
At 1 July 2023
and 30 June 2024 119,399
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023 1,000,689 291,689 1,292,378
Additions - 17,939 17,939
At 30 June 2024 1,000,689 309,628 1,310,317
DEPRECIATION
At 1 July 2023 633,527 230,582 864,109
Charge for year 59,571 17,373 76,944
At 30 June 2024 693,098 247,955 941,053
NET BOOK VALUE
At 30 June 2024 307,591 61,673 369,264
At 30 June 2023 367,162 61,107 428,269

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,883 55,797
Other debtors 40,482 91,626
123,365 147,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 57,534
Trade creditors 106,061 132,445
Taxation and social security 74,674 54,650
Other creditors 450,439 420,493
631,174 665,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 841,652 841,652

BEDFORD BLUES LIMITED (REGISTERED NUMBER: 03861294)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25,208 Ordinary A £25 630,200 630,200
40,679 Ordinary B £25 1,016,975 1,016,975
21,792 Ordinary C £25 544,800 544,800
2,191,975 2,191,975

10. RELATED PARTY DISCLOSURES

Repayments of £nil (2023: £nil) in respect of loans were made during the year to shareholders who are not directors. At the year end the total amount owed to shareholders who are not directors was £20,000 (2023: £20,000).

D B Gunner, D H Owen, L Mansell and J A E Stonor provide personal guarantees in favour of Barclays Bank Plc up to a limit of £250,000 in respect of the overdraft facility.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BEDFORD BLUES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bedford Blues Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bedford Blues Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bedford Blues Limited and state those matters that we have agreed to state to the Board of Directors of Bedford Blues Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bedford Blues Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bedford Blues Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bedford Blues Limited. You consider that Bedford Blues Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bedford Blues Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Monico Tunley Limited
Chartered Accountants
19 Goldington Road
Bedford
MK40 3JY


23 September 2024