Company Registration No. 08548162 (England and Wales)
Blackberry Cars Limited
Unaudited accounts
for the year ended 31 May 2025
Blackberry Cars Limited
Unaudited accounts
Contents
Blackberry Cars Limited
Company Information
for the year ended 31 May 2025
Director
Sikirulai Adewale Etti
Company Number
08548162 (England and Wales)
Registered Office
17 Chester Close
Luton
LU4 9SJ
England
Accountants
abacus azure
85-87 Bayham Street
Camden
London
NW1 0AG
Blackberry Cars Limited
Statement of financial position
as at 31 May 2025
Intangible assets
33,795
38,019
Tangible assets
3,098
2,921
Cash at bank and in hand
195,243
212,429
Creditors: amounts falling due within one year
(200,914)
(166,693)
Net current assets
119,656
88,858
Total assets less current liabilities
156,549
129,798
Provisions for liabilities
Net assets
156,549
129,695
Called up share capital
1,100
1,100
Share premium
75,403
75,403
Profit and loss account
80,046
53,192
Shareholders' funds
156,549
129,695
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2026 and were signed on its behalf by
Sikirulai Adewale Etti
Director
Company Registration No. 08548162
Blackberry Cars Limited
Notes to the Accounts
for the year ended 31 May 2025
Blackberry Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 08548162. The registered office is 17 Chester Close, , Luton, LU4 9SJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
Blackberry Cars Limited
Notes to the Accounts
for the year ended 31 May 2025
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Fixtures & fittings
25% Straight line
Computer equipment
25% Straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Blackberry Cars Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
21,063
5,066
9,190
35,319
At 31 May 2025
21,063
5,066
11,253
37,382
At 1 June 2024
21,064
4,998
6,336
32,398
Charge for the year
-
38
1,848
1,886
At 31 May 2025
21,064
5,036
8,184
34,284
At 31 May 2025
(1)
30
3,069
3,098
At 31 May 2024
(1)
68
2,854
2,921
Amounts falling due within one year
Accrued income and prepayments
3,645
3,645
Other debtors
118,010
35,839
Blackberry Cars Limited
Notes to the Accounts
for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
198,557
7,180
Taxes and social security
79,791
37,464
Other creditors
783,905
(5,465)
Loans from directors
(24,613)
(24,613)
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).