Blue Bus Limited Filleted accounts for Companies House (small and micro)
Blue Bus Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC261919
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For the year ended |
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Abridged Financial Statements |
Year ended 31 December 2019
Contents |
Page |
Abridged statement of financial position |
1 |
Notes to the abridged financial statements |
3 |
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Abridged Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
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-------- |
-------- |
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Creditors: amounts falling due within one year |
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--------- |
--------- |
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Net current liabilities |
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--------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Provisions |
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--------- |
--------- |
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Net assets |
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--------- |
--------- |
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Abridged Statement of Financial Position (continued) |
2019 |
2018 |
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Note |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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--------- |
--------- |
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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
7 December 2020
, and are signed on behalf of the board by:
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Director |
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Company registration number:
SC261919
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Notes to the Abridged Financial Statements |
Year ended 31 December 2019
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 River View, Lanark, ML11 8TJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Foreign currencies
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
10% to 25% reducing balance |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Finance leases and hire purchase contracts
Financial instruments
Defined contribution pension plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
22
(2018:
24
).
5.
Tangible assets
£ |
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Cost |
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At 1 January 2019 |
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Additions |
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Disposals |
(
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------------ |
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At 31 December 2019 |
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------------ |
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Depreciation |
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At 1 January 2019 |
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Charge for the year |
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Disposals |
(
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------------ |
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At 31 December 2019 |
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------------ |
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Carrying amount |
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At 31 December 2019 |
961,337 |
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At 31 December 2018 |
867,293 |
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6.
Charges on assets
Creditors include bank loans, overdrafts and net obligations under hire purchase contracts which are secured of £703,044 (2018 - £737,243).
7.
Other financial commitments
At the balance sheet date the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £26,987 (2018 - £7,112).
8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2019 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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------- |
-------- |
--------- |
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2018 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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-------- |
--------- |
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------- |
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No interest is chargeable on this balance and the loan is repayable on demand.