IRIS Accounts Production v23.3.0.418 08878533 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure088785332022-04-30088785332023-04-30088785332022-05-012023-04-30088785332020-12-31088785332021-01-012022-04-30088785332022-04-3008878533ns16:EnglandWales2022-05-012023-04-3008878533ns15:PoundSterling2022-05-012023-04-3008878533ns11:Director12022-05-012023-04-3008878533ns11:PrivateLimitedCompanyLtd2022-05-012023-04-3008878533ns11:SmallEntities2022-05-012023-04-3008878533ns11:AuditExempt-NoAccountantsReport2022-05-012023-04-3008878533ns11:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008878533ns11:SmallCompaniesRegimeForAccounts2022-05-012023-04-3008878533ns11:FullAccounts2022-05-012023-04-3008878533ns11:Director22022-05-012023-04-3008878533ns11:RegisteredOffice2022-05-012023-04-3008878533ns6:CurrentFinancialInstruments2023-04-3008878533ns6:CurrentFinancialInstruments2022-04-3008878533ns6:Non-currentFinancialInstruments2023-04-3008878533ns6:Non-currentFinancialInstruments2022-04-3008878533ns6:ShareCapital2023-04-3008878533ns6:ShareCapital2022-04-3008878533ns6:RetainedEarningsAccumulatedLosses2023-04-3008878533ns6:RetainedEarningsAccumulatedLosses2022-04-3008878533ns6:FurnitureFittings2022-05-012023-04-3008878533ns6:MotorVehicles2022-05-012023-04-3008878533ns6:ComputerEquipment2022-05-012023-04-3008878533ns6:FurnitureFittings2022-04-3008878533ns6:MotorVehicles2022-04-3008878533ns6:ComputerEquipment2022-04-3008878533ns6:FurnitureFittings2023-04-3008878533ns6:MotorVehicles2023-04-3008878533ns6:ComputerEquipment2023-04-3008878533ns6:FurnitureFittings2022-04-3008878533ns6:MotorVehicles2022-04-3008878533ns6:ComputerEquipment2022-04-3008878533ns6:WithinOneYearns6:CurrentFinancialInstruments2023-04-3008878533ns6:WithinOneYearns6:CurrentFinancialInstruments2022-04-30
REGISTERED NUMBER: 08878533 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

BLUEGATE BUSINESS SERVICES LTD

BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUEGATE BUSINESS SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: G Mullarkey
M Smith





REGISTERED OFFICE: 18-22 Lloyd Street
Manchester
M2 5WA





REGISTERED NUMBER: 08878533 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN

BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,331 163,679

CURRENT ASSETS
Debtors 5 135,382 335,696
Cash at bank 15,199 70,278
150,581 405,974
CREDITORS
Amounts falling due within one year 6 118,644 202,753
NET CURRENT ASSETS 31,937 203,221
TOTAL ASSETS LESS CURRENT LIABILITIES 251,268 366,900

CREDITORS
Amounts falling due after more than one
year

7

(214,767

)

(234,388

)

PROVISIONS FOR LIABILITIES (40,489 ) (25,102 )
NET (LIABILITIES)/ASSETS (3,988 ) 107,410

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,088 ) 107,310
SHAREHOLDERS' FUNDS (3,988 ) 107,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

BALANCE SHEET - continued
30 APRIL 2023


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 Board of Directors and authorised for issue on 1 August 2023 and were signed on its behalf by:





G Mullarkey - Director


BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Bluegate Business Services Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial statements.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial asserts classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less, if not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

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.


BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 52,225 168,276 - 220,501
Additions 13,430 83,200 7,460 104,090
At 30 April 2023 65,655 251,476 7,460 324,591
DEPRECIATION
At 1 May 2022 19,423 37,399 - 56,822
Charge for year 12,783 34,453 1,202 48,438
At 30 April 2023 32,206 71,852 1,202 105,260
NET BOOK VALUE
At 30 April 2023 33,449 179,624 6,258 219,331
At 30 April 2022 32,802 130,877 - 163,679

BLUEGATE BUSINESS SERVICES LTD (REGISTERED NUMBER: 08878533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors - 166,152
Amounts owed by group undertakings 135,382 169,382
Other debtors - 162
135,382 335,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 59,479 93,750
Hire purchase contracts 33,576 24,410
Trade creditors 408 -
Amounts owed to group undertakings 2,930 2,930
Taxation and social security 20,379 80,155
Other creditors 1,872 1,508
118,644 202,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 49,479 108,958
Hire purchase contracts 165,288 125,430
214,767 234,388

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan owing from the company to the shareholders of £222 (2022: £1,543).

These loans bear interest at the official rates.

9. ULTIMATE CONTROLLING PARTY

The controlling party is G Mullarkey.