Registered number
11215200
BLUE LIGHT SERVICES SPECIALIST VEHICLES LIMITED
Filleted Accounts
31 August 2024
BLUE LIGHT SERVICES SPECIALIST VEHICLES LIMITED
Registered number: 11215200
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,307,334 1,017,618
Current assets
Stocks 2,289,019 1,560,000
Work in progress 834,458 779,000
Debtors 4 3,335,658 3,597,600
Investments held as current assets 5 158,531 237,797
Cash at bank and in hand 725,811 7,200,773
7,343,477 13,375,170
Creditors: amounts falling due within one year 6 (3,215,452) (11,076,571)
Net current assets 4,128,025 2,298,599
Total assets less current liabilities 5,435,359 3,316,217
Creditors: amounts falling due after more than one year 7 (348,885) (19,935)
Provisions for liabilities (146,037) (149,287)
Net assets 4,940,437 3,146,995
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,940,337 3,146,895
Shareholder's funds 4,940,437 3,146,995
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jonathan David Fielhouse
Director
Approved by the board on 28 April 2025
BLUE LIGHT SERVICES SPECIALIST VEHICLES LIMITED
Notes to the Accounts
for the period from 1 July 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Fixtures, fittings, tools and equipment 25% reducing balance method
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 42 43
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 385,385 743,915 297,164 1,426,464
Additions 337,800 44,237 317,724 699,761
Disposals - (341,445) (159,004) (500,449)
At 31 August 2024 723,185 446,707 455,884 1,625,776
Depreciation
At 1 July 2023 - 255,471 153,375 408,846
Charge for the period - 95,845 56,568 152,413
On disposals - (166,080) (76,737) (242,817)
At 31 August 2024 - 185,236 133,206 318,442
Net book value
At 31 August 2024 723,185 261,471 322,678 1,307,334
At 30 June 2023 385,385 488,444 143,789 1,017,618
4 Debtors 2024 2023
£ £
Trade debtors 2,219,167 2,802,437
Prepayments 7,333 227
Accrued revenue 893,673 -
Employee loan - 10,088
Other debtors 215,485 784,848
3,335,658 3,597,600
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 158,531 237,797
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 98,133 63,315
Trade creditors 2,284,632 5,530,904
Taxation and social security costs 776,748 1,521,643
Net wages - 1,534
Deferred income - 3,733,192
Other creditors 45,939 215,983
3,215,452 11,076,571
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 8,333 19,935
Obligations under finance lease and hire purchase contracts 340,552 -
348,885 19,935
8 Other information
BLUE LIGHT SERVICES SPECIALIST VEHICLES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
15 Royce Road
Fengate
Peterborough
PE1 5YB
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