Bluelight Global Solutions Ltd
|
Registered Number
:
07237422
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2020
Bluelight Global Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Bluelight Global Solutions Ltd
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
2,786
6,460
2,786
6,460
Trade and other receivables
|
167,467
136,045
2
12,800
Cash and cash equivalents
|
8,982
145,027
180,267
Trade and other payables
:
amounts falling due within one
|
year
|
(32,954)
(70,905)
3
147,313
74,122
Net current assets
Total assets less current liabilities
|
76,908
153,773
(529)
(1,227)
Provisions for liabilities
|
76,379
Net assets
152,546
750
750
75,629
151,546
-
250
76,379
152,546
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 21 December 2020 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2020
Bluelight Global Solutions Ltd
Notes to the Financial Statements
Statutory Information
Bluelight Global Solutions Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
|
registration number
07237422
.
|
One Croydon
12-16 Addiscombe Road
Croydon
Surrey
CR0 0XT
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of consultancy services supplied by the company.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Intangible assets
Website development costs are charged to the profit & loss during the year.
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2020
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
2
.
Trade and other receivables
|
2019
2020
43,193
40,905
Amounts owed by group undertakings and participating interests
|
-
6,648
Prepayments and accrued income
|
28,689
29,817
Taxation and social security
|
30,075
56,157
34,088
33,940
167,467
136,045
3
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
28,992
14,385
Taxation and social security
|
24,582
8,922
Accruals and deferred income
|
9,236
9,387
Directors
'
loan accounts
|
21
20
8,074
240
70,905
32,954
4
.
Related party transactions
|
During the year dividends of £nil
(
2019
:
£
15
,
000
)
were paid to directors
.
|
In the two years ending
31
March
2020
,
the company is under the control of Robert Quick
,
a director
.
|
5
.
Guarantees and other financial commitments
|
At
31
March
2020
the company had annual commitments under non
-
cancellable operating leases as set out below
:
|
2019
2020
Operating leases which expire
:
|
91,356
42,425
-
159,873
251,229
42,425
6
.
Average number of persons employed
|
During the year the average number of employees was 4 (2019 : 6)
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