Company Registration No. 07966259 (England and Wales)
CompanyBlue Ltd
Unaudited accounts
for the year ended 31 March 2023
CompanyBlue Ltd
Unaudited accounts
Contents
CompanyBlue Ltd
Statement of financial position
as at 31 March 2023
Intangible assets
-
26,040
Tangible assets
723,469
471,103
Inventories
367,389
395,001
Cash at bank and in hand
87,626
12,602
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
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
CompanyBlue Ltd
Notes to the Accounts
for the year ended 31 March 2023
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.
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:
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 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
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
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
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
Amounts falling due within one year
Accrued income and prepayments
9,745
6,806
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
35,337
31,884
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)
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).