Company Registration No. 12385105 (England and Wales)
BLUE VELVET INNOVATIONS LTD
Unaudited accounts
for the year ended 31 January 2022
BLUE VELVET INNOVATIONS LTD
Unaudited accounts
Contents
BLUE VELVET INNOVATIONS LTD
Company Information
for the year ended 31 January 2022
Directors
Mr Shabbir Huzefa Mookhtiar
Mr Dinesh Nanaji Patil
Mr Haiping Zhou
Company Number
12385105 (England and Wales)
Registered Office
Regus Building No 03, Concorde Park
Concorde Road
Maidenhead
Berkshire
SL6 4BY
England
Accountants
Benison Solvers Limited
1000 Great West Road
Brentford
Middlesex
TW8 9DW
BLUE VELVET INNOVATIONS LTD
Statement of financial position
as at 31 January 2022
Tangible assets
228,735
42,664
Cash at bank and in hand
51,554
50,163
Creditors: amounts falling due within one year
(12,417)
(87,203)
Net current assets/(liabilities)
190,409
(23,073)
Total assets less current liabilities
419,144
19,591
Creditors: amounts falling due after more than one year
(38,333)
-
Called up share capital
140
112
Share premium
820,760
70,000
Profit and loss account
(440,089)
(50,521)
Shareholders' funds
380,811
19,591
For the year ending 31 January 2022 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2022 and were signed on its behalf by
Mr Shabbir Huzefa Mookhtiar
Director
Company Registration No. 12385105
BLUE VELVET INNOVATIONS LTD
Notes to the Accounts
for the year ended 31 January 2022
BLUE VELVET INNOVATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12385105. The registered office is Regus Building No 03, Concorde Park, Concorde Road, Maidenhead, Berkshire, SL6 4BY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
At 31 January 2022
261,088
Charge for the year
28,500
At 31 January 2022
228,735
BLUE VELVET INNOVATIONS LTD
Notes to the Accounts
for the year ended 31 January 2022
5
Deferred taxation
2022
2021
Tax losses carried forward
(114,923)
(13,967)
Provision at start of year
(13,967)
-
Credited to the profit and loss account
(100,956)
(13,967)
Provision at end of year
(114,923)
(13,967)
Allotted, called up and fully paid:
1,405,714 Ordinary shares of £0.0001 each
140.57
112.43
Shares issued during the period:
281,379 Ordinary shares of £0.0001 each
28.13
7
Average number of employees
During the year the average number of employees was 12 (2021: 2).