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REGISTERED NUMBER: SC457286 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Comet BF430 Ltd

Comet BF430 Ltd (Registered number: SC457286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Comet BF430 Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: W Milne





SECRETARY:





REGISTERED OFFICE: 12 High Street
Macduff
Aberdeenshire
AB44 1LS





REGISTERED NUMBER: SC457286 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

Comet BF430 Ltd (Registered number: SC457286)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,454 580

CURRENT ASSETS
Stocks 111,400 -
Debtors 5 52,700 52,700
Investments 6 50 50
Cash at bank 22,313 18,196
186,463 70,946
CREDITORS
Amounts falling due within one year 7 43,278 506
NET CURRENT ASSETS 143,185 70,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,639

71,020

CREDITORS
Amounts falling due after more than one year 8 12,921 12,921
NET ASSETS 142,718 58,099

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 142,717 58,098
SHAREHOLDERS' FUNDS 142,718 58,099

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Comet BF430 Ltd (Registered number: SC457286)

Balance Sheet - continued
31 August 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 director and authorised for issue on 28 May 2025 and were signed by:





W Milne - Director


Comet BF430 Ltd (Registered number: SC457286)

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

1. STATUTORY INFORMATION

Comet BF430 Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Comet BF430 Ltd (Registered number: SC457286)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 2,064
Additions 14,988
At 31 August 2024 17,052
DEPRECIATION
At 1 September 2023 1,484
Charge for year 3,114
At 31 August 2024 4,598
NET BOOK VALUE
At 31 August 2024 12,454
At 31 August 2023 580

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Amounts owed by group undertakings 52,700 52,700

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Listed investments 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors (1 ) (1 )
Other creditors 43,279 507
43,278 506

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 12,921 12,921