Registration number: NI624327

Bluestar Contracts Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Bluestar Contracts Ltd

Company Information

Directors

Mrs Pauline Dowdall Mr Colm Dowdall

Registered office

19 Ferryhill Road Newry County Down BT35 8RT

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors & Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

Bluestar Contracts Ltd

(Registration number: NI624327)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	215,853	196,195
Current assets
Debtors	5	134,477	134,715
Cash at bank and in hand		44	40,604
		134,521	175,319
Creditors: Amounts falling due within one year	6	(107,663)	(176,247)
Net current assets/(liabilities)		26,858	(928)
Total assets less current liabilities		242,711	195,267
Creditors: Amounts falling due after more than one year	6	(200,350)	(75,590)
Provisions for liabilities		(41,012)	(37,277)
Net assets		1,349	82,400
Capital and reserves
Called up share capital	7	4	4
Retained earnings		1,345	82,396
Shareholders' funds		1,349	82,400

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 January 2026 and signed on its behalf by:
 

......................................... Mrs Pauline Dowdall Director

......................................... Mr Colm Dowdall Director

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
19 Ferryhill Road
Newry
County Down
BT35 8RT

These financial statements were authorised for issue by the Board on 12 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Reducing Balance
Motor vehicles	20% Reducing Balance
Office equipment	20% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 7).

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 May 2024	907	95,609	327,609	424,125
Additions	-	-	73,620	73,620
At 30 April 2025	907	95,609	401,229	497,745
Depreciation
At 1 May 2024	689	42,599	184,642	227,930
Charge for the year	43	10,602	43,317	53,962
At 30 April 2025	732	53,201	227,959	281,892
Carrying amount
At 30 April 2025	175	42,408	173,270	215,853
At 30 April 2024	218	53,010	142,967	196,195

5

Debtors

Current	2025 £	2024 £
Trade debtors	6,472	11,596
Other debtors	128,005	123,119
	134,477	134,715

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	36,870	28,633
Trade creditors		42,696	12,879
Taxation and social security		16,398	21,494
Accruals and deferred income		4,137	103,139
Other creditors		7,562	10,102
		107,663	176,247

Creditors: amounts falling due after more than one year

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	103,221	75,590
Other financial liabilities		97,129	-
		200,350	75,590

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	4	4	4	4

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,118	27,767
Hire purchase contracts	81,103	47,823
	103,221	75,590

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,122	6,030
Bank overdrafts	401	3,696
Hire purchase contracts	30,347	18,907
	36,870	28,633

Bank borrowings

Bounce Back Loan is denominated in £stg with a nominal interest rate of 2.5%, and the final instalment is due on 8 May 2030. The carrying amount at year end is £Nil (2024 - £Nil).

9

Dividends

Interim dividends paid

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

		2025 £		2024 £
Interim dividend of £13,350.00 (2024 - £15,000.00) per each Ordinary Share		53,400		60,000

10	Related party transactions

Bluestar Contracts Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	25,140	26,934

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	12,570	13,467

Dividends paid to directors

		2025 £		2024 £
Mrs Pauline Dowdall
Ordinary share dividend		26,700		30,000
Mr Colm Dowdall
Ordinary share dividend		26,700		30,000