Bluelight Global Solutions Ltd |
Registered Number:07237422 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
Bluelight Global Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Bluelight Global Solutions Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,266
2,106
2
2,266
2,106
Trade and other receivables |
389,139
320,902
3
154,357
Cash and cash equivalents |
177,973
498,875
543,496
Trade and other payables: amounts falling due within one |
year |
(367,008)
(263,636)
4
176,488
235,239
Net current assets
Total assets less current liabilities |
237,505
178,594
Trade and other payables: amounts falling due after more |
than one year |
(117,000)
(81,000)
5
(431)
(400)
Provisions for liabilities |
156,074
Net assets
61,194
800
1,000
155,274
60,194
156,074
61,194
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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 06 June 2023 and were signed by: |
1 of 5
For the year ended 31 March 2023
Bluelight Global Solutions Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 31 March 2023
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 1A 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.
3 of 5
For the year ended 31 March 2023
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
124,974
43,903
81,071
1,021
1,021
-
81,071
44,924
125,995
Provision for depreciation and impairment |
122,868
41,797
81,071
Charge for year
861
861
-
123,729
42,658
81,071
-
2,266
2,266
-
2,106
2,106
3. Trade and other receivables |
2022
2023
83,301
48,433
Called up share capital not paid |
-
250
Prepayments and accrued income |
93,453
92,967
Taxation and social security |
21,434
-
122,714
247,489
389,139
320,902
The debtors above include the following amounts falling due after more than one year: |
-
62,000
4. Trade and other payables: amounts falling due within one year |
2022
2023
36,000
36,000
130,769
132,895
Taxation and social security |
8,770
15,967
Accruals and deferred income |
85,898
181,237
21
21
2,178
888
263,636
367,008
4 of 5
For the year ended 31 March 2023
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year |
2022
2023
81,000
117,000
The company had a business interruption loan of £180,000, the loan was drawn down on the 12th June 2020 and repayments commenced July 2021. The loan is repayable at £3,000 per month over 60 months.Amounts repayable between 2-5 years £81,000 (2022: £117,000)Amounts repayable more than 5 years £nil (2022: £nil) |
6. Related party transactions |
During the year the company bought back 200 ordinary £1 share shares from Eithne Birt, a director at at net cost of |
£9,850. The company has also agreed to pay £50,000 to E Birt for loss of any potential future distribution of capital. |
In the two years ending 31 March 2023, the company is under the control of Robert Quick, a director. |
7. Guarantees and other financial commitments |
At 31 March 2023 the company had annual commitments under non-cancellable operating leases as set out below: |
2022
2023
Operating leases which expire: |
91,356
91,356
159,873
68,517
159,873
251,229
8. Average number of persons employed |
During the year the average number of employees was 4 (2022 : 4)
5 of 5