Company Registration No. 09610321 (England and Wales)
Blue Sky Developers Limited
Unaudited accounts
for the year ended 31 July 2023
Blue Sky Developers Limited
Unaudited accounts
Contents
Blue Sky Developers Limited
Company Information
for the year ended 31 July 2023
Company Number
09610321 (England and Wales)
Registered Office
APEX HOUSE 2ND FLOOR
GRAND ARCADE
LONDON
N12 0EH
ENGLAND
Accountants
Agents For Accounting Ltd
Apex House, 2nd Floor
Grand Arcade
London
N12 0EH
Blue Sky Developers Limited
Accountants' report
Accountants' report to the director of Blue Sky Developers Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Agents For Accounting Ltd
Apex House, 2nd Floor
Grand Arcade
London
N12 0EH
30 April 2024
Blue Sky Developers Limited
Statement of financial position
as at 31 July 2023
Tangible assets
18,614
44,086
Cash at bank and in hand
37,325
58,559
Creditors: amounts falling due within one year
(80,875)
(94,540)
Net current assets/(liabilities)
57,358
(29,652)
Total assets less current liabilities
75,972
14,434
Provisions for liabilities
Deferred tax
(3,452)
(5,924)
Called up share capital
1
1
Profit and loss account
72,519
8,509
Shareholders' funds
72,520
8,510
For the year ending 31 July 2023 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 30 April 2024 and were signed on its behalf by
Fatmir Semaj
Director
Company Registration No. 09610321
Blue Sky Developers Limited
Notes to the Accounts
for the year ended 31 July 2023
Blue Sky Developers Limited is a private company, limited by shares, registered in England and Wales, registration number 09610321. The registered office is APEX HOUSE 2ND FLOOR, GRAND ARCADE, LONDON, N12 0EH, 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Straight Line Method - 25%
Motor vehicles
Straight Line Method - 20%
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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
18,661
61,859
80,520
Disposals
-
(27,838)
(27,838)
At 31 July 2023
18,929
34,021
52,950
At 1 August 2022
16,494
19,940
36,434
Charge for the year
2,233
6,804
9,037
On disposals
-
(11,135)
(11,135)
At 31 July 2023
18,727
15,609
34,336
At 31 July 2023
202
18,412
18,614
At 31 July 2022
2,167
41,919
44,086
Blue Sky Developers Limited
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Other debtors
100,908
6,329
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
28,704
39,352
Trade creditors
6,924
20,026
Taxes and social security
42,580
48,186
Loans from directors
-
(9,528)
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Included in other debtors is a balance of £85,861 owed by the director of the company. The loan of £23,720 was partly repaid to the company and the balance of £55,000 was set off by a dividend voucher issued on 6 April 2024 , the transations was maade within nine months after the year end. This balance is unsecured and interest free, with no fixed repayment terms.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).