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REGISTERED NUMBER: 06906903 (England and Wales)















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: S Payne
W Hardy
A Payne





SECRETARY: S Payne





REGISTERED OFFICE: The Studio
Bensfield Farm
Beech Hill
Wadhurst
Kent
TN5 6JR





REGISTERED NUMBER: 06906903 (England and Wales)





ACCOUNTANTS: TASC
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 20,044 26,329

CURRENT ASSETS
Stocks 43,000 44,613
Debtors 5 931,372 614,724
Cash at bank and in hand 573,821 116,153
1,548,193 775,490
CREDITORS
Amounts falling due within one year 6 (1,309,668 ) (674,206 )
NET CURRENT ASSETS 238,525 101,284
TOTAL ASSETS LESS CURRENT
LIABILITIES

258,569

127,613

CREDITORS
Amounts falling due after more than one
year

7

(85,628

)

-
NET ASSETS 172,941 127,613

CAPITAL AND RESERVES
Called up share capital 9 1,634 2,200
Capital redemption reserve 10 566 -
Retained earnings 10 170,741 125,413
SHAREHOLDERS' FUNDS 172,941 127,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 5 November 2018 and were signed 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 private company, limited by shares , registered in England and Wales. The
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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 10 (2017 - 10 ) .

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 59,526
Additions 6,907
At 31 May 2018 66,433
DEPRECIATION
At 1 June 2017 33,197
Charge for year 13,192
At 31 May 2018 46,389
NET BOOK VALUE
At 31 May 2018 20,044
At 31 May 2017 26,329

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 581,433 361,005
Other debtors 349,939 253,719
931,372 614,724

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 32,000 -
Trade creditors 777,870 430,877
Taxation and social security 114,506 41,195
Other creditors 385,292 202,134
1,309,668 674,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 85,628 -

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: £    £   
1,468 Ordinary £1 1,468 1,980
82 Ordinary 'A' £1 82 82
44 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 - 125,413
Profit for the year 227,661 227,661
Dividends (72,333 ) (72,333 )
Purchase of own shares (110,000 ) 566 (109,434 )
At 31 May 2018 170,741 566 171,307

The Capital Redemption Reserve records the nominal value of shares repurchased by the company.