1 October 2020 false No description of principal activity Taxfiler 2022.8.3 10976749business:PrivateLimitedCompanyLtd2020-10-012021-09-30 109767492020-09-30 109767492020-10-012021-09-30 10976749business:AuditExempt-NoAccountantsReport2020-10-012021-09-30 10976749business:FullAccounts2020-10-012021-09-30 109767492021-09-30 10976749business:Director12020-10-012021-09-30 10976749business:RegisteredOffice2020-10-012021-09-30 109767492020-09-30 10976749core:WithinOneYear2021-09-30 10976749core:WithinOneYear2020-09-30 10976749core:AfterOneYear2021-09-30 10976749core:AfterOneYear2020-09-30 10976749core:ShareCapital2021-09-30 10976749core:ShareCapital2020-09-30 10976749core:RetainedEarningsAccumulatedLosses2021-09-30 10976749core:RetainedEarningsAccumulatedLosses2020-09-30 10976749business:SmallEntities2020-10-012021-09-30 10976749countries:EnglandWales2020-10-012021-09-30 10976749core:ComputerEquipment2020-10-012021-09-30 10976749core:ComputerEquipment2020-09-30 10976749core:ComputerEquipment2021-09-30 109767492019-10-012020-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10976749 (England and Wales)
BLUEMAGIC GROUP LTD Unaudited accounts for the year ended 30 September 2021
BLUEMAGIC GROUP LTD Unaudited accounts Contents
Page
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BLUEMAGIC GROUP LTD Company Information for the year ended 30 September 2021
Director
Pasquale MINASI
Company Number
10976749 (England and Wales)
Registered Office
Unit 104, The Light Box 111 Power Road Chiswick London W4 5PY
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BLUEMAGIC GROUP LTD Statement of financial position as at 30 September 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
347 
423 
Current assets
Debtors
149,912 
59,212 
Cash at bank and in hand
61,635 
44,839 
211,547 
104,051 
Creditors: amounts falling due within one year
(94,297)
(43,172)
Net current assets
117,250 
60,879 
Total assets less current liabilities
117,597 
61,302 
Creditors: amounts falling due after more than one year
(46,262)
(50,000)
Net assets
71,335 
11,302 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
71,334 
11,301 
Shareholders' funds
71,335 
11,302 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 14 September 2022 and were signed on its behalf by
Pasquale MINASI Director Company Registration No. 10976749
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BLUEMAGIC GROUP LTD Notes to the Accounts for the year ended 30 September 2021
1
Statutory information
BLUEMAGIC GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10976749. The registered office is Unit 104, The Light Box, 111 Power Road, Chiswick, London, W4 5PY.
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.
3
Accounting policies
These financial statements for the year ended 30 September 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2019. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
18% reducing rate
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2020
1,000 
At 30 September 2021
1,000 
Depreciation
At 1 October 2020
577 
Charge for the year
76 
At 30 September 2021
653 
Net book value
At 30 September 2021
347 
At 30 September 2020
423 
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BLUEMAGIC GROUP LTD Notes to the Accounts for the year ended 30 September 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accrued income and prepayments
57,000 
57,322 
Other debtors
3,233 
1,890 
60,233 
59,212 
Debtors: amounts falling due after more than one year
Other debtors
89,679 
- 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
19,080 
4,980 
Accrued preference dividends
9,600 
9,600 
Other creditors
- 
1,260 
Loans from directors
65,617 
27,332 
94,297 
43,172 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
46,262 
50,000 
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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