REGISTERED NUMBER: |
BLUE FOREST (UK) LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
REGISTERED NUMBER: |
BLUE FOREST (UK) LTD |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BLUE FOREST (UK) LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
47A Prideaux Road |
Eastbourne |
East Sussex |
BN21 2NB |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
BALANCE SHEET |
31 MAY 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
BALANCE SHEET - continued |
31 MAY 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on its behalf by: |
S Payne - Director | A Payne - Director |
W Hardy - Director |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MAY 2018 |
1. | STATUTORY INFORMATION |
Blue Forest (UK) Ltd is a |
company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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. |
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. |
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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 June 2017 |
Additions |
At 31 May 2018 |
DEPRECIATION |
At 1 June 2017 |
Charge for year |
At 31 May 2018 |
NET BOOK VALUE |
At 31 May 2018 |
At 31 May 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 85,628 | - |
8. | SECURED DEBTS |
Lloyds Bank plc hold a fixed charge, dated 6 April 2018, over the Company's property and assets in |
respect of a loan |
BLUE FOREST (UK) LTD (REGISTERED NUMBER: 06906903) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MAY 2018 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
Ordinary | £1 | 1,468 | 1,980 |
Ordinary 'A' | £1 | 82 | 82 |
Ordinary 'B' | £1 | 44 | 44 |
NIL | Ordinary 'C' | £1 | - | 27 |
NIL | Ordinary 'D' | £1 | - | 27 |
20 | Ordinary 'E' | £1 | 20 | 20 |
20 | Ordinary 'F' | £1 | 20 | 20 |
1,634 | 2,200 |
On 28 December 2017, 512 Ordinary shares with aggregate nominal value of £512, 27 Ordinary C |
shares with aggregate nominal value of £27 and 27 Ordinary D shares with aggregate nominal value of |
£27, were purchased by the company, and subsequently cancelled. The shareholders approved a |
resolution at the AGM to purchase these shares. The shares were acquired for a consideration of |
£110,000, at an average price of £194.35 per share. These shares were acquired in order to buy back |
the shares of minority shareholders in the company. |
10. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 June 2017 | 125,413 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Purchase of own shares | (110,000 | ) | 566 | (109,434 | ) |
At 31 May 2018 | 171,307 |
The Capital Redemption Reserve records the nominal value of shares repurchased by the company. |