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REGISTERED NUMBER: SC456874 (Scotland)












Financial Statements for the Year Ended 31 July 2023

for

BLUE ENCLOSURE LTD

BLUE ENCLOSURE LTD (REGISTERED NUMBER: SC456874)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE ENCLOSURE LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: D Flannagan
Y L Flannagan





REGISTERED OFFICE: 12 Traill Drive
Montrose
Angus
DD10 8SW





REGISTERED NUMBER: SC456874 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

BLUE ENCLOSURE LTD (REGISTERED NUMBER: SC456874)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,740 1,043

CURRENT ASSETS
Stocks - 3,698
Debtors 5 291 264
Cash at bank 42,737 44,664
43,028 48,626
CREDITORS
Amounts falling due within one year 6 7,233 9,148
NET CURRENT ASSETS 35,795 39,478
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,535

40,521

PROVISIONS FOR LIABILITIES 331 198
NET ASSETS 37,204 40,323

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 37,194 40,313
SHAREHOLDERS' FUNDS 37,204 40,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

BLUE ENCLOSURE LTD (REGISTERED NUMBER: SC456874)

Balance Sheet - continued
31 July 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





D Flannagan - Director


BLUE ENCLOSURE LTD (REGISTERED NUMBER: SC456874)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Blue Enclosure Ltd is a private company, limited by shares , registered in Scotland. 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 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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Work in progress
Work in Progress reflects uninvoiced work at the year end. Thus is valued at its subsequent selling price. Profit is therefore recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BLUE ENCLOSURE LTD (REGISTERED NUMBER: SC456874)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 670 2,371 3,041
Additions - 1,179 1,179
At 31 July 2023 670 3,550 4,220
DEPRECIATION
At 1 August 2022 325 1,673 1,998
Charge for year 86 396 482
At 31 July 2023 411 2,069 2,480
NET BOOK VALUE
At 31 July 2023 259 1,481 1,740
At 31 July 2022 345 698 1,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 291 264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,370 7,552
Other creditors 863 1,596
7,233 9,148

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £30,500 (2022 - £27,500) were paid to the directors .

The company was under the control of the director, D Flannagan, through out the current and previous year.

During the year the company paid the director net amounts totalling £650. As at 31 July 2023, included within other creditors, is a balance outstanding due to the director of £26 (2022 - £676). No interest has been paid on this loan.