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Unaudited Financial Statements |
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for the Period 5 June 2017 to 31 December 2017 |
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for |
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Blue Gentoo Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 5 June 2017 to 31 December 2017 |
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for |
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Blue Gentoo Ltd |
Blue Gentoo Ltd (Registered number: SC567798) |
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Contents of the Financial Statements |
for the Period 5 June 2017 to 31 December 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 6 |
Blue Gentoo Ltd |
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Company Information |
for the Period 5 June 2017 to 31 December 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Offices 1 & 8, Unit 1A |
Inverurie Business Hub, Burghmuir Circle |
Blackhall Industrial Estate |
Inverurie |
Aberdeenshire |
AB51 4FS |
Blue Gentoo Ltd (Registered number: SC567798) |
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Balance Sheet |
31 December 2017 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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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 Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Blue Gentoo Ltd (Registered number: SC567798) |
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Notes to the Financial Statements |
for the Period 5 June 2017 to 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Blue Gentoo Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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. |
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The financial statements are prepared in sterling, which is the functional currency of the company. Monetary |
amounts in these financial statements are rounded to the nearest £. |
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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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Financial instruments |
Financial instruments are recognised when the company becomes party to the contractual provisions of the |
instrument. |
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Basic financial assets |
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Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured |
at transaction price including transaction costs and are subsequently carried at amortised cost. |
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Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or |
when the company transfers the risks and rewards of ownership to another entity. |
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Basic financial liabilities |
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Basic financial liabilities, which include trade and other creditors and bank loans, are initially recognised at |
transaction price and are subsequently carried at amortised cost. |
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Financial liabilities are derecognised when the company's contractual obligations are discharged. |
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Provisions |
Provisions are recognised when the Company has an obligation at the reporting date as a result of a past event |
which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably. |
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Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of |
the time value of money is material, the provision is based on the present value of those amounts, discounted at |
the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount os |
recognised within interest payable and similar charges. |
Blue Gentoo Ltd (Registered number: SC567798) |
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Notes to the Financial Statements - continued |
for the Period 5 June 2017 to 31 December 2017 |
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3. | ACCOUNTING POLICIES - continued |
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Going concern |
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working |
capital to execute its operations over the next 12 months. The directors, therefore, have made an informed |
judgement, at the time of approving the financial statements that there is a reasonable expectation that the |
company has adequate resources to continue in operational existence for the foreseeable future. As a result, the |
directors have continued to adopt the going concern basis of accounting in preparing the annual financial |
statements. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Directors' current accounts | 20,100 |
Accrued expenses |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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ordinary | 1 | 750 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the period ended 31 December 2017: |
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£ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period | ( |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period | ( |
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Blue Gentoo Ltd (Registered number: SC567798) |
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Notes to the Financial Statements - continued |
for the Period 5 June 2017 to 31 December 2017 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - |
Amounts waived | - |
Balance outstanding at end of period |
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9. | ULTIMATE CONTROLLING PARTY |
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The directors ultimately control the company by virtue of the fact that they own 100% of the issued share capital. |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Blue Gentoo Ltd (Registered number: SC567798) |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Blue Gentoo Ltd for the period ended 31 December 2017 which comprise the Income Statement, |
Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from |
information and explanations you have given us. |
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As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance. |
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This report is made solely to the Board of Directors of Blue Gentoo Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Gentoo Ltd and state those matters that we have agreed to state to the Board of Directors of Blue Gentoo Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Blue Gentoo Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Blue Gentoo Ltd. You consider that Blue Gentoo Ltd is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of Blue Gentoo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Offices 1 & 8, Unit 1A |
Inverurie Business Hub, Burghmuir Circle |
Blackhall Industrial Estate |
Inverurie |
Aberdeenshire |
AB51 4FS |
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Date: ............................................. |