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BLUE CORNER CARS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28TH FEBRUARY 2025

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Accountants' Report | 8 |

| BLUE CORNER CARS LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 28TH FEBRUARY 2025

| DIRECTOR: | B D Tomkins

| REGISTERED OFFICE: | First Floor, Woburn Court

| 2 Railton Road

| Woburn Road Industrial Estate, Kempston

| Bedford

| Bedfordshire

| MK42 7PN

| REGISTERED NUMBER: | 07156971 (England and Wales)

| ACCOUNTANTS: | HW Bedford Limited

| Trading as Haines Watts

| First Floor, Woburn Court

| 2 Railton Road

| Woburn Rd Ind Est

| Kempston

| Bedfordshire

| MK42 7PN

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

BALANCE SHEET

28TH FEBRUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 4,410 |  | 5,040 |  |

Tangible assets | 5 | 79,865 |  | 104,816 |  |

84,275 |  | 109,856 |  |

CURRENT ASSETS

Debtors | 6 | 63,031 |  | 40,396 |  |

Cash at bank and in hand | 19,543 |  | 18,899 |  |

82,574 |  | 59,295 |  |

CREDITORS

Amounts falling due within one year | 7 | 134,554 |  | 124,130 |  |

NET CURRENT LIABILITIES | (51,980 | ) | (64,835 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 32,295 |  | 45,021 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (22,885 | ) | (40,120 | ) |

PROVISIONS FOR LIABILITIES | (2,419 | ) | (4,443 | ) |

NET ASSETS | 6,991 |  | 458 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 6,891 |  | 358 |  |

SHAREHOLDERS' FUNDS | 6,991 |  | 458 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

BALANCE SHEET - continued

28TH FEBRUARY 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd February 2026 and were signed by:

B D Tomkins - Director

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. | STATUTORY INFORMATION

| Blue Corner Cars Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

| Turnover

| Turnover for the year represents the following, stated net of value added tax:

| - private hire fares receivable.

| - car hire.

| 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.

| Licences are being amortised evenly over their estimated useful life of three years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| 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.

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 10 (2024 - 12 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill |  | Licences |  | Totals

£ | £ | £ |

| COST

| At 1st March 2024

| and 28th February 2025 | 13,300 |  | 4,000 |  | 17,300 |  |

| AMORTISATION

| At 1st March 2024 | 8,260 |  | 4,000 |  | 12,260 |  |

| Amortisation for year | 630 |  | - |  | 630 |  |

| At 28th February 2025 | 8,890 |  | 4,000 |  | 12,890 |  |

| NET BOOK VALUE

| At 28th February 2025 | 4,410 |  | - |  | 4,410 |  |

| At 29th February 2024 | 5,040 |  | - |  | 5,040 |  |

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1st March 2024 | 16,170 |  | 162,187 |  | 8,381 |  | 186,738 |  |

| Additions | 1,942 |  | 1,000 |  | 300 |  | 3,242 |  |

| Disposals | - |  | (3,700 | ) | - |  | (3,700 | ) |

| At 28th February 2025 | 18,112 |  | 159,487 |  | 8,681 |  | 186,280 |  |

| DEPRECIATION

| At 1st March 2024 | 10,577 |  | 65,200 |  | 6,145 |  | 81,922 |  |

| Charge for year | 854 |  | 24,417 |  | 1,181 |  | 26,452 |  |

| Eliminated on disposal | - |  | (1,959 | ) | - |  | (1,959 | ) |

| At 28th February 2025 | 11,431 |  | 87,658 |  | 7,326 |  | 106,415 |  |

| NET BOOK VALUE

| At 28th February 2025 | 6,681 |  | 71,829 |  | 1,355 |  | 79,865 |  |

| At 29th February 2024 | 5,593 |  | 96,987 |  | 2,236 |  | 104,816 |  |

| The net book value of tangible fixed assets includes £ 24,453 (2024 - £ 35,938 ) in respect of assets held under hire purchase contracts.

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 25,400 |  | 39,250 |  |

| Other debtors | 1,475 |  | 313 |  |

| Directors' current accounts | 15,962 |  | - |  |

| Prepayments | 20,194 |  | 833 |  |

63,031 |  | 40,396 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 10,440 |  | 10,183 |  |

| Hire purchase contracts | 6,796 |  | 7,484 |  |

| Trade creditors | 9,764 |  | 7,014 |  |

| Corporation tax | 3,858 |  | 2,048 |  |

| Social security and other taxes | 1,766 |  | 2,015 |  |

| Pension fund | 502 |  | 989 |  |

| VAT | 93,835 |  | 77,720 |  |

| Other creditors | 7,593 |  | 10,090 |  |

| Directors' current accounts | - |  | 6,587 |  |

134,554 |  | 124,130 |  |

| BLUE CORNER CARS LTD (REGISTERED NUMBER: 07156971) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 28TH FEBRUARY 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 2,651 |  | 13,091 |  |

| Hire purchase contracts | 20,234 |  | 27,029 |  |

22,885 |  | 40,120 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 27,030 |  | 34,513 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | ORDINARY | £1 | 100 |  | 100 |  |

11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28th February 2025 and 29th February 2024:

2025 | 2024 |

£ | £ |

| B D Tomkins

| Balance outstanding at start of year | 23,939 |  | - |  |

| Amounts advanced | 20,050 |  | 23,939 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 43,989 |  | 23,939 |  |

ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

BLUE CORNER CARS LTD

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director 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 Blue Corner Cars Ltd for the year ended 28th February 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 director of Blue Corner Cars Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Corner Cars Ltd and state those matters that we have agreed to state to the director of Blue Corner Cars Ltd 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 Blue Corner Cars Ltd and its director for our work or for this report.

It is your duty to ensure that Blue Corner Cars Ltd 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 Blue Corner Cars Ltd. You consider that Blue Corner Cars Ltd 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 Blue Corner Cars Ltd. 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.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

24th February 2026