REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bluefield Sandbach Limited |
|
Unaudited Financial Statements for the Year Ended 31st May 2022 |
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bluefield Sandbach Limited |
|
Unaudited Financial Statements for the Year Ended 31st May 2022 |
|
|
|
|
|
Bluefield Sandbach Limited (Registered number: 05796768) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31st May 2022 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
Bluefield Sandbach Limited |
|
Company Information |
for the Year Ended 31st May 2022 |
|
|
|
|
|
|
|
Directors: |
|
|
|
|
|
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
Registered number: |
|
|
|
|
|
|
Accountants: |
|
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Bluefield Sandbach Limited (Registered number: 05796768) |
|
Balance Sheet |
31st May 2022 |
|
2022 | 2021 |
Notes | £ | £ |
Current assets |
Stocks |
|
|
Debtors | 4 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
Net current assets |
|
|
Total assets less current liabilities |
|
|
|
Creditors |
Amounts falling due after more than one
year |
6 |
( |
) |
( |
) |
Net assets |
|
|
|
Capital and reserves |
Called up share capital | 8 |
|
|
Retained earnings | 9 |
|
|
Shareholders' funds |
|
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Bluefield Sandbach Limited (Registered number: 05796768) |
|
Notes to the Financial Statements |
for the Year Ended 31st May 2022 |
|
1. | Statutory information |
|
Bluefield Sandbach Limited is a
|
|
2. | Accounting policies |
|
Basis of preparing the financial statements |
|
|
The Directors have reviewed and considered relevant information, in making their assessment to the COVID-19 pandemic. The Directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements. |
|
Turnover |
Turnover represents amounts chargeable for the sale of land which has been acquired and remediated. |
|
Other operating income |
Other operating income relates to a agreement for rent and lease of property. |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Interest payable |
Interest payable is charged to the profit and loss account on an accruals basis. |
|
Debtors and Creditors |
Debtors and creditors with no stated interest rate and receivable rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
|
Going concern |
The company meets its working capital requirements through continued support from the directors. The directors have confirmed that they will continue to support the company financially and continue to fund working capital to allow continued trading for a period of at least twelve months from the date of signing off these financial statements. |
|
3. | Employees and directors |
|
The average number of employees during the year was
|
|
4. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
VAT |
|
|
Prepayments and accrued income |
|
|
|
|
|
5. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Tax |
|
|
Accrued expenses |
|
|
|
|
Bluefield Sandbach Limited (Registered number: 05796768) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2022 |
|
6. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans - 1-2 years |
|
|
Bank loans - 2-5 years |
|
|
Bank loans more 5 yr by instal |
|
|
Trade creditors |
|
|
Other creditors |
|
|
Directors' loan accounts | 1,379,726 | 1,425,181 |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | - | 3,413 |
|
7. | Secured debts |
|
The following secured debts are included within creditors: |
|
2022 | 2021 |
£ | £ |
Bank loans |
|
|
|
The loan is secured on the following: |
- the freehold land at Booth Lane, Sandbach, Cheshire with all buildings and fixtures. |
- Fixed plant and machinery by the way of a fixed charge, all present and future book and other debts, |
- Floating charge over all moveable plant machinery, implements, utensils, furniture & equipment by way of assignment. |
- The goodwill of the business (if any), the full benefit of all licenses and guarantees. |
|
8. | Called up share capital |
|
|
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
|
Ordinary A | £1 | 50 | 50 |
|
Ordinary B | £1 | 25 | 25 |
|
Ordinary C | £1 | 25 | 25 |
100 | 100 |
|
9. | Reserves |
Retained |
earnings |
£ |
|
At 1st June 2021 |
|
Profit for the year |
|
At 31st May 2022 |
|
Bluefield Sandbach Limited (Registered number: 05796768) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31st May 2022 |
|
10. | Directors' advances, credits and guarantees |
|
The following advances and credits to a director subsisted during the years ended 31st May 2022 and 31st May 2021: |
|
2022 | 2021 |
£ | £ |
|
Balance outstanding at start of year |
|
|
Amounts advanced |
|
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
|
|
11. | Related party disclosures |
|
The amount due to entities under common control at the balance sheet date is £1,231,608 (2021: £1,298,748). |
|
The amount due to key management personnel at the balance sheet date is £NIL (2021: £3,280). |