1 April 2022 false No description of principal activity Taxfiler 2023.9 07966259business:PrivateLimitedCompanyLtd2022-04-012023-03-31 079662592022-03-31 079662592022-04-012023-03-31 07966259business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 07966259business:FilletedAccounts2022-04-012023-03-31 079662592023-03-31 079662592022-03-31 07966259core:WithinOneYear2023-03-31 07966259core:WithinOneYear2022-03-31 07966259core:AfterOneYear2023-03-31 07966259core:AfterOneYear2022-03-31 07966259core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07966259core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07966259core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 07966259core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 07966259core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07966259core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07966259core:PreviouslyStatedAmount2023-03-31 07966259core:PreviouslyStatedAmount2022-03-31 07966259business:SmallEntities2022-04-012023-03-31 07966259business:Director12022-04-012023-03-31 07966259countries:EnglandWales2022-04-012023-03-31 07966259business:RegisteredOffice2022-04-012023-03-31 07966259core:Goodwill2022-03-31 07966259core:Goodwill2022-04-012023-03-31 07966259core:Goodwill2023-03-31 07966259core:LandBuildings2022-03-31 07966259core:PlantMachinery2022-03-31 07966259core:FurnitureFittings2022-03-31 07966259core:ComputerEquipment2022-03-31 07966259core:LandBuildings2022-04-012023-03-31 07966259core:PlantMachinery2022-04-012023-03-31 07966259core:FurnitureFittings2022-04-012023-03-31 07966259core:ComputerEquipment2022-04-012023-03-31 07966259core:LandBuildings2023-03-31 07966259core:PlantMachinery2023-03-31 07966259core:FurnitureFittings2023-03-31 07966259core:ComputerEquipment2023-03-31 079662592021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07966259 (England and Wales)
CompanyBlue Ltd Unaudited accounts for the year ended 31 March 2023
CompanyBlue Ltd Unaudited accounts Contents
Page
- 2 -
CompanyBlue Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
26,040 
Tangible assets
723,469 
471,103 
723,469 
497,143 
Current assets
Inventories
367,389 
395,001 
Debtors
9,745 
16,357 
Cash at bank and in hand
87,626 
12,602 
464,760 
423,960 
Creditors: amounts falling due within one year
(286,301)
(336,421)
Net current assets
178,459 
87,539 
Total assets less current liabilities
901,928 
584,682 
Creditors: amounts falling due after more than one year
(241,671)
(262,341)
Net assets
660,257 
322,341 
Capital and reserves
Called up share capital
50 
50 
Revaluation reserve
235,704 
- 
Profit and loss account
424,503 
322,291 
Shareholders' funds
660,257 
322,341 
For the year ending 31 March 2023 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 31 May 2023 and were signed on its behalf by
Ibrahim Kalay Director Company Registration No. 07966259
- 3 -
CompanyBlue Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
CompanyBlue Ltd is a private company, limited by shares, registered in England and Wales, registration number 07966259. The registered office is Unit 1, 3 Crondal Road, Exhall, Coventry, CV7 9NH, United Kingdom.
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
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.
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:
Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
52,080 
Disposals
(52,080)
At 31 March 2023
- 
Amortisation
At 1 April 2022
26,040 
On disposals
(31,248)
Charge for the year
5,208 
At 31 March 2023
- 
Net book value
At 31 March 2023
- 
At 31 March 2022
26,040 
- 4 -
CompanyBlue Ltd Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At valuation 
At 1 April 2022
443,463 
10,000 
36,471 
26,066 
516,000 
Revaluations
256,537 
- 
- 
916 
257,453 
At 31 March 2023
700,000 
10,000 
36,471 
26,982 
773,453 
Depreciation
At 1 April 2022
- 
5,563 
22,934 
16,400 
44,897 
Charge for the year
- 
666 
2,031 
2,390 
5,087 
At 31 March 2023
- 
6,229 
24,965 
18,790 
49,984 
Net book value
At 31 March 2023
700,000 
3,771 
11,506 
8,192 
723,469 
At 31 March 2022
443,463 
4,437 
13,537 
9,666 
471,103 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,745 
6,806 
Other debtors
- 
9,551 
9,745 
16,357 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
35,337 
31,884 
VAT
46,331 
39,210 
Trade creditors
158,146 
217,015 
Taxes and social security
46,659 
46,980 
Other creditors
4,282 
4,036 
Loans from directors
(4,454)
(2,704)
286,301 
336,421 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
241,671 
262,341 
9
Average number of employees
During the year the average number of employees was 4 (2022: 5).
- 5 -