Bluelight Global Solutions Ltd
|
Registered Number
:
07237422
|
For the year ended 31 March 2021
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2021
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
2020
2021
Property
,
plant and equipment
|
2,475
2,786
2
2,475
2,786
Trade and other receivables
|
136,045
294,939
3
8,982
Cash and cash equivalents
|
144,916
439,855
145,027
Trade and other payables
:
amounts falling due within one
|
year
|
(70,905)
(186,666)
4
74,122
253,189
Net current assets
Total assets less current liabilities
|
255,664
76,908
Trade and other payables
:
amounts falling due after more
|
than one year
|
-
(153,000)
5
(470)
(529)
Provisions for liabilities
|
102,194
Net assets
76,379
950
750
101,244
75,629
102,194
76,379
Shareholders' funds
For the year ended 31 March 2021 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 2021 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 22 December 2021 and were signed by:
|
1 of 5
For the year ended 31 March 2021
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 2021
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.
3 of 5
For the year ended 31 March 2021
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
122,062
40,991
81,071
1,583
1,583
-
81,071
42,574
123,645
Provision for depreciation and impairment
|
119,276
38,896
80,380
Charge for year
1,894
1,450
444
121,170
40,346
80,824
247
2,228
2,475
691
2,095
2,786
3
.
Trade and other receivables
|
2020
2021
114,305
43,193
Called up share capital not paid
|
200
-
Prepayments and accrued income
|
145,519
28,689
Taxation and social security
|
975
30,075
33,940
34,088
136,045
294,939
4
.
Trade and other payables
:
amounts falling due within one year
|
2020
2021
27,000
-
140,320
28,992
Taxation and social security
|
6,775
24,582
Accruals and deferred income
|
9,287
9,236
Directors
'
loan accounts
|
21
21
3,263
8,074
186,666
70,905
4 of 5
For the year ended 31 March 2021
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2020
2021
153,000
-
During the year the company took out a business interruption loan of £180,000, the loan was drawn down on the 12th June 2020 and repayments will commencing 12 months from this date. The loan is repayable at £3,000 per month over 60 months commencing July 2021.Amounts repayable between 2-5 years £144,000 (2020: £nil)Amounts repayable more than 5 years £9,000 (2020: £nil)
|
6
.
Related party transactions
|
During the year the company issued
200
ordinary £
1
share shares to David Wood
,
a director
.
|
In the two years ending
31
March
2021
,
the company is under the control of Robert Quick
,
a director
.
|
7
.
Guarantees and other financial commitments
|
At
31
March
2021
the company had annual commitments under non
-
cancellable operating leases as set out
|
below
:
|
2020
2021
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 (2020 : 4)
5 of 5