Registered number
05054711
Blue Fenix Limited
Filleted Accounts
28 February 2023
Blue Fenix Limited
Registered number: 05054711
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 13,583 13,583
Cash at bank and in hand 1,490 1,849
15,073 15,432
Creditors: amounts falling due within one year 4 (7,066) (4,296)
Net current assets 8,007 11,136
Total assets less current liabilities 8,007 11,136
Creditors: amounts falling due after more than one year 5 (7,894) (11,011)
Net assets 113 125
Capital and reserves
Called up share capital 100 100
Profit and loss account 13 25
Shareholders' funds 113 125
The directors are 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 directors acknowledge their 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.
Wojciech Ksiazek
Director
Approved by the board on 21 November 2023
Blue Fenix Limited
Notes to the Accounts
for the year ended 28 February 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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. Current tax 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Debtors 2023 2022
£ £
Trade debtors 10,103 10,103
Other debtors, prepayments and deposits 3,480 3,480
13,583 13,583
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,095 3,200
Trade creditors 1,120 840
Taxation and social security costs 851 256
7,066 4,296
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,894 11,011
6 Other information
Blue Fenix Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 01-02 Fairways Business Park
Lammas Road
London
E10 7QB
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