Registered number
09724701
Blueberry Project Management Ltd
Filleted Accounts
31 August 2023
Blueberry Project Management Ltd
Registered number: 09724701
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,238 1,037
2,238 1,037
Current assets
Debtors 4 7,265 43,094
Cash at bank and in hand 5,949 45,746
13,214 88,840
Creditors: amounts falling due within one year 5 (10,783) (33,196)
Net current assets 2,431 55,644
Total assets less current liabilities 4,669 56,681
Creditors: amounts falling due after more than one year 6 (730) (5,850)
Provisions for liabilities (425) -
Net assets 3,514 50,831
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,414 50,731
Shareholders' funds 3,514 50,831
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Turner
Director
Approved by the board on 17 October 2023
Blueberry Project Management Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Interest income
Interest income is recognised in the profit and loss using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Total
£ £
Cost
At 1 September 2022 1,360 1,360
Additions 1,751 1,751
At 31 August 2023 3,111 3,111
Depreciation
At 1 September 2022 323 323
Charge for the year 550 550
At 31 August 2023 873 873
Net book value
At 31 August 2023 2,238 2,238
At 31 August 2022 1,037 1,037
4 Debtors 2023 2022
£ £
Trade debtors 6,600 28,800
Other debtors 665 14,294
7,265 43,094
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,800 3,800
Trade creditors 106 276
Taxation and social security costs 4,642 27,654
Other creditors 2,235 1,466
10,783 33,196
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 730 5,850
730 5,850
7 Loans to directors
During the year, advances made to the director totalled £50,428 (2022: £85,539) and repayments totalled £64,709 (2022: £70,527). At the year end, the company owed the director £534 (2022: £13,678 was owed from the director). Interest totalling £69 (2022: £27) has been charged on this loan. This balance is included within other creditors (2022: other debtors).
8 Other information
Blueberry Project Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
42 Tyndall Court
Commerce Road
Lynch Wood
Peterborough
PE2 6LR
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