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Company Registration No. 10043361 (England and Wales)
FUN BLUE BITS LTD Filleted Accounts for the year ended 31 March 2023
FUN BLUE BITS LTD Filleted Accounts Contents
Page
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FUN BLUE BITS LTD Company Information for the year ended 31 March 2023
Director
Edward Webb
Company Number
10043361 (England and Wales)
Accountants
SSJ Accountants Ltd 173A High Street Beckenham Kent BR3 1AH
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of FUN BLUE BITS LTD for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FUN BLUE BITS LTD for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of FUN BLUE BITS LTD, as a body, in accordance with the terms of our engagement letter dated 3 November 2017. Our work has been undertaken solely to prepare for your approval the accounts of FUN BLUE BITS LTD and state those matters that we have agreed to state to the Board of Directors of FUN BLUE BITS LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FUN BLUE BITS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FUN BLUE BITS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FUN BLUE BITS LTD. You consider that FUN BLUE BITS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FUN BLUE BITS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SSJ Accountants Ltd Chartered Accountants 173A High Street Beckenham Kent BR3 1AH 14 November 2023
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FUN BLUE BITS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
41,449 
2,165 
Current assets
Debtors
10,800 
- 
Cash at bank and in hand
109,361 
132,184 
120,161 
132,184 
Creditors: amounts falling due within one year
(92,006)
(66,046)
Net current assets
28,155 
66,138 
Net assets
69,604 
68,303 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
69,603 
68,302 
Shareholders' funds
69,604 
68,303 
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 16 November 2023 and were signed on its behalf by
Edward Webb Director Company Registration No. 10043361
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FUN BLUE BITS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
FUN BLUE BITS LTD is a private company, limited by shares, registered in England and Wales, registration number 10043361.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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FUN BLUE BITS LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
3,487 
- 
3,487 
Additions
- 
53,100 
53,100 
At 31 March 2023
3,487 
53,100 
56,587 
Depreciation
At 1 April 2022
1,322 
- 
1,322 
Charge for the year
541 
13,275 
13,816 
At 31 March 2023
1,863 
13,275 
15,138 
Net book value
At 31 March 2023
1,624 
39,825 
41,449 
At 31 March 2022
2,165 
- 
2,165 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,800 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
23,551 
18,573 
Loans from directors
68,455 
47,473 
92,006 
66,046 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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