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Bluebell Prestige Limited
Registered Number:06010517
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2022
Bluebell Prestige Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
06010517
As at 31 December 2022
Bluebell Prestige Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
94,290
120,019
2
Financial assets
40,000
40,000
3
134,290
160,019
Current assets
Inventories
325,216
455,377
4
Trade and other receivables
120,512
99,734
5
79,628
Cash and cash equivalents
131,418
686,529
525,356
Trade and other payables: amounts falling due within one
year
(137,170)
(171,609)
6
388,186
514,920
Net current assets
Total assets less current liabilities
649,210
548,205
Trade and other payables: amounts falling due after more
than one year
(395,402)
(385,339)
7
7,047
4,988
Provisions for liabilities
270,918
Net assets
157,791
Capital and reserves
Called up share capital
2
2
Retained earnings
270,916
157,789
270,918
157,791
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
06010517
For the year ended 31 December 2022
Bluebell Prestige Limited
Statement of Financial Position Continued
Munaf Adam Director
These financial statements were approved and authorised for issue by the Board on 29 September 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2022
Bluebell Prestige Limited
Notes to the Financial Statements
Statutory Information
Bluebell Prestige Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06010517.
Registered address:
37-41 Woodford Road
London
Essex
E7 0DH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer equipment
25 Straight line
Motor vehicles
10 Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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6
For the year ended 31 December 2022
Bluebell Prestige Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 January 2022
227,394
3,665
7,236
216,493
32,292
-
-
32,292
Additions
-
-
(20,128)
Disposals
(20,128)
At 31 December 2022
228,657
7,236
3,665
239,558
Provision for depreciation and impairment
At 01 January 2022
107,375
2,523
7,137
97,715
Charge for year
46,238
464
41
45,733
(8,345)
-
-
(8,345)
On disposal
At 31 December 2022
145,268
2,987
7,178
135,103
At 31 December 2022
Net book value
93,554
58
678
94,290
At 31 December 2021
118,778
99
1,142
120,019
3. Investments held as fixed assets
Other investments
Total
At 01 January 2022
40,000
40,000
Cost
£
£
At 31 December 2022
40,000
40,000
At 31 December 2022
Net book value
40,000
40,000
At 01 January 2022
40,000
40,000
4. Inventories
2021
2022
£
£
Stocks
455,377
325,216
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7
For the year ended 31 December 2022
Bluebell Prestige Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2021
2022
£
£
Trade debtors
50,534
67,490
Other debtors
49,200
53,022
120,512
99,734
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft (secured)
10,000
10,000
Bank loans and overdraft
4,688
3,159
Trade creditors
91,837
101,406
Taxation and social security
57,292
18,502
Other creditors
7,792
4,103
171,609
137,170
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
29,167
39,067
Other creditors
356,172
356,335
385,339
395,402
8. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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