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Unaudited Financial Statements |
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for the Year Ended 29 February 2020 |
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for |
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Discover the Bluedot Limited |
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Unaudited Financial Statements |
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for the Year Ended 29 February 2020 |
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for |
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Discover the Bluedot Limited |
Discover the Bluedot Limited (Registered number: 10015649) |
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Contents of the Financial Statements |
for the Year Ended 29 February 2020 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 2 |
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Discover the Bluedot Limited (Registered number: 10015649) |
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Balance Sheet |
29 February 2020 |
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2020 | 2019 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
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Discover the Bluedot Limited (Registered number: 10015649) |
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Notes to the Financial Statements |
for the Year Ended 29 February 2020 |
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1. | STATUTORY INFORMATION |
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Discover the Bluedot Limited is a
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company's registered number and registered office address are as below: |
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Registered number: | 10015649 |
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Registered office: | 5th Floor |
20 Dale Street |
Manchester |
M1 1EZ |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis notwithstanding the deficit in net |
assets. Included within other creditors is a balance of £1,139,437 which represents sales deferred into the next |
financial period. . |
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After making enquiries, the directors have a reasonable expectation that the company has adequate resources |
to continue in operational existence for the foreseeable future, being the 12 month period from the date of |
these accounts being approved, given the impact of the Coronavirus upon the economy and therefore the |
financial statements have been prepared on a going concern basis. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. |
Therefore, turnover also includes the element of work completed but not yet invoiced. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Discover the Bluedot Limited (Registered number: 10015649) |
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Notes to the Financial Statements - continued |
for the Year Ended 29 February 2020 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that |
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating |
result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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