Company Registration No. 03847467 (England and Wales)
BLUE REVOLUTION LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2018
PAGES FOR FILING WITH REGISTRAR
BLUE REVOLUTION LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BLUE REVOLUTION LTD
BALANCE SHEET
AS AT
30 MARCH 2018
30 March 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Tangible assets
3
701
935
Current assets
Debtors
4
9,408
23,959
Cash at bank and in hand
6,198
10,030
15,606
33,989
Creditors: amounts falling due within one year
5
(4,810)
(17,150)
Net current assets
10,796
16,839
Total assets less current liabilities
11,497
17,774
Provisions for liabilities
-
(187)
Net assets
11,497
17,587
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
11,397
17,487
Total equity
11,497
17,587
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial Period ended 30 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BLUE REVOLUTION LTD
BALANCE SHEET (CONTINUED)
AS AT
30 MARCH 2018
30 March 2018
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 28 March 2019
J P Hollins
Director
Company Registration No. 03847467
BLUE REVOLUTION LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2018
- 3 -
1
Accounting policies
Company information
Blue Revolution Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
5A Bear Lane, Southwark, London, SE1 OUH.
1.1
Accounting convention
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 a
mounts
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.
1.2
Reporting period
The entity's accounting period end has been shortened from 31 March 2018 to 30 March 2018 for commercial purposes.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
BLUE REVOLUTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2018
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was 1 (2017 - 1).
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 and 30 March 2018
11,977
Depreciation and impairment
At 1 April 2017
11,042
Depreciation charged in the Period
234
At 30 March 2018
11,276
Carrying amount
At 30 March 2018
701
At 31 March 2017
935
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
2,610
20,981
Corporation tax recoverable
176
-
Other debtors
6,622
2,978
9,408
23,959
5
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans and overdrafts
258
258
Trade creditors
3,152
6,846
Corporation tax
-
6,568
Other taxation and social security
-
1,461
Other creditors
1,400
2,017
4,810
17,150
BLUE REVOLUTION LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 MARCH 2018
- 5 -
6
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary Shares of £1 each
100
100
100
100
8
Related party transactions
Transactions with related parties
During the period to 30 March 2018, a net amount of £2,292 was loaned to the director. At the period end, £1,775 was owed to Blue Revolution Limited, (2017 - £517 creditor).