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REGISTERED NUMBER: SC231586 (Scotland)















Financial Statements For The Year Ended 31 August 2021

for

Reflex Blue Limited

Reflex Blue Limited (Registered number: SC231586)






Contents of the Financial Statements
For The Year Ended 31 August 2021




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Reflex Blue Limited

Company Information
For The Year Ended 31 August 2021







DIRECTORS: Mrs L J Docherty
C Docherty





SECRETARY: Mrs L J Docherty





REGISTERED OFFICE: 63 Douglas Muir Drive
Milngavie
Glasgow
G62 7RJ





REGISTERED NUMBER: SC231586 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Reflex Blue Limited (Registered number: SC231586)

Abridged Statement of Financial Position
31 August 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,959 10,095
Investments 5 7,500 9,500
14,459 19,595

CURRENT ASSETS
Stocks 6,200 7,600
Debtors 421,063 365,976
Cash at bank 35,187 109,825
462,450 483,401
CREDITORS
Amounts falling due within one year 130,644 149,511
NET CURRENT ASSETS 331,806 333,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,265

353,485

CREDITORS
Amounts falling due after more than one
year

6

(37,430

)

(46,667

)

PROVISIONS FOR LIABILITIES (536 ) (1,031 )
NET ASSETS 308,299 305,787

CAPITAL AND RESERVES
Called up share capital 112 112
Share premium 1,288 1,288
Retained earnings 306,899 304,387
SHAREHOLDERS' FUNDS 308,299 305,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

Reflex Blue Limited (Registered number: SC231586)

Abridged Statement of Financial Position - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 August 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





C Docherty - Director


Reflex Blue Limited (Registered number: SC231586)

Notes to the Financial Statements
For The Year Ended 31 August 2021

1. STATUTORY INFORMATION

Reflex Blue Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Reflex Blue Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 50% on cost
Fixed plant and equipment - 15% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 33.33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Reflex Blue Limited (Registered number: SC231586)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2021

2. ACCOUNTING POLICIES - continued
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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 11 (2020 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2020 106,285
Additions 1,787
At 31 August 2021 108,072
DEPRECIATION
At 1 September 2020 96,190
Charge for year 4,923
At 31 August 2021 101,113
NET BOOK VALUE
At 31 August 2021 6,959
At 31 August 2020 10,095

Reflex Blue Limited (Registered number: SC231586)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2021

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2020 9,500
Impairments (2,000 )
At 31 August 2021 7,500
NET BOOK VALUE
At 31 August 2021 7,500
At 31 August 2020 9,500

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

Cadre Ltd
Registered office: 307 West George Street, Glasgow, Scotland, G2 4LF
Nature of business: 3D CGI imagery, website and digital medium design
%
Class of shares: holding
Ordinary 50.00

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2021 2020
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 6,667

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 25,637 25,769
Between one and five years 84,181 80,485
In more than five years 95,000 114,000
204,818 220,254

Reflex Blue Limited (Registered number: SC231586)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2021

8. RELATED PARTY DISCLOSURES

At the year end there was an amount due to Cadre Limited, a company in which Reflex Blue Limited has a shareholding, of £14,824 (2020: £19,824).

At the year end there was an amount due from Glenfarg Partnership Limited, a company in which Reflex Blue
Limited has a shareholding, of £323,546 (2020: £290,096).

At the year end there was an amount due from Skye Luxury Lodges Limited, a company in which C Docherty is a director, of £20,900 (2020: £12,900).