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
BLUEMAGIC GROUP LTD
Company Information
for the year ended 30 September 2021
Company Number
10976749 (England and Wales)
Registered Office
Unit 104, The Light Box
111 Power Road
Chiswick
London
W4 5PY
BLUEMAGIC GROUP LTD
Statement of financial position
as at 30 September 2021
Cash at bank and in hand
61,635
44,839
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)
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
BLUEMAGIC GROUP LTD
Notes to the Accounts
for the year ended 30 September 2021
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.
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.
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:
Computer equipment
18% reducing rate
4
Tangible fixed assets
Computer equipment
At 30 September 2021
1,000
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
Debtors: amounts falling due after more than one year
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
Loans from directors
65,617
27,332
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 1 (2020: 1).