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REGISTERED NUMBER: 10551515 (England and Wales)





















Unaudited Financial Statements For The Year Ended 31 January 2023

for

Bluebag Services Limited

Bluebag Services Limited (Registered number: 10551515)






Contents of the Financial Statements
For The Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bluebag Services Limited

Company Information
For The Year Ended 31 January 2023







DIRECTOR: T C Dadd





REGISTERED OFFICE: Flat 1,33 Victoria Street
Windsor
Berkshire
SL4 1HE





REGISTERED NUMBER: 10551515 (England and Wales)





ACCOUNTANTS: Citi Partners Chartered Accountants
First Floor
1-6 City Buildings
Commercial Road
Portsmouth
Hampshire
PO1 4BD

Bluebag Services Limited (Registered number: 10551515)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 547,988 549,815

CURRENT ASSETS
Debtors 5 1,797 1,537
Cash at bank 3,480 5,926
5,277 7,463
CREDITORS
Amounts falling due within one year 6 (514,707 ) (522,633 )
NET CURRENT LIABILITIES (509,430 ) (515,170 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,558

34,645

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,458 34,545
38,558 34,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





T C Dadd - Director


Bluebag Services Limited (Registered number: 10551515)

Notes to the Financial Statements
For The Year Ended 31 January 2023

1. STATUTORY INFORMATION

Bluebag Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents rental and other income receivable net of VAT and is recognised in accordance with the associated rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost and 5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Bluebag Services Limited (Registered number: 10551515)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 527,030 29,036 556,066
DEPRECIATION
At 1 February 2022 - 6,251 6,251
Charge for year - 1,827 1,827
At 31 January 2023 - 8,078 8,078
NET BOOK VALUE
At 31 January 2023 527,030 20,958 547,988
At 31 January 2022 527,030 22,785 549,815

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors - 595
Other debtors 1,797 942
1,797 1,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 98
Taxation and social security 1,346 1,400
Other creditors 513,361 521,135
514,707 522,633

7. RELATED PARTY DISCLOSURES

The director maintains a loan account with the company. At the year end he was owed £510,791 (2022: £519,054) by the company.

During the year the company paid the director interest of £1,000 (2022: £1,000).