Company Registration No. 02829532 (England and Wales)
BLUESAND LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
BLUESAND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BLUESAND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
205,000
205,000
Current assets
Debtors
76,936
74,436
Cash at bank and in hand
12,470
9,105
89,406
83,541
Creditors: amounts falling due within one year
(13,923)
(14,053)
Net current assets
75,483
69,488
Total assets less current liabilities
280,483
274,488
Creditors: amounts falling due after more than one year
(32,134)
(39,417)
248,349
235,071
Capital and reserves
Called up share capital
3
1,000
1,000
Revaluation reserve
92,104
92,104
Profit and loss account
155,245
141,967
Shareholders' funds
248,349
235,071
For the financial year ended 30 June 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 March 2017
R Gatehouse
Director
Company Registration No. 02829532
BLUESAND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
Freehold property
no provision is made for depreciation as, in the opinion of the directors, the market value exceeds the net book value
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 July 2015 & at 30 June 2016
205,000
At 30 June 2015
205,000
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000