Blucando Connect Ltd Filleted Accounts Cover
Blucando Connect Ltd
Company No. 13904693
Information for Filing with The Registrar
For the period ended
31 July 2023
Blucando Connect Ltd Balance Sheet Registrar
at
31 July 2023
Company No.
13904693
Notes
2023
2023
£
£
Current assets
Stocks
4
5,2585,126
Debtors
5
19,21416,686
Cash at bank and in hand
7,32024,140
31,79245,952
Creditors: Amount falling due within one year
6
(47,374)
(29,210)
Net current (liabilities)/assets
(15,582)
16,742
Total assets less current liabilities
(15,582)
16,742
Net (liabilities)/assets
(15,582)
16,742
Capital and reserves
Called up share capital
7
100100
Profit and loss account
8
(15,682)
16,642
Total equity
(15,582)
16,742
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 July 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 11 January 2024
And signed on its behalf by:
The Blucando Group Limited
Director
11 January 2024
Blucando Connect Ltd Notes to the Accounts Registrar
for the period ended 31 July 2023
1
General information
Its registered number is: 13904693
Its registered office is:
Unit 11
Farnborough Business Centre
Eelmoor Road
Farnborough
GU14 7XA
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Going concern
The company has failed to secure long term contracts which the directors were anticipating to reverse the losses in the year. The company has ceased trading with immediate effect and therefore the financial statements have been prepared under the ‘break-up’ basis. Fixed assets have been restated to recoverable amount on the grounds that the company is no longer trading and are available for sale in their current condition and current assets have been stated at recoverable amounts.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from services provided is recognised in the month in which the service is completed.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as
reported in the profit and loss account because of items of income or expense that are taxable or
deductible in other years and items that are never taxable or deductible. The Company's liability for
current tax is calculated using tax rates that have been enacted or substantively enacted by the end of
the reporting period.

Tax for the year is recognised in profit or loss, except when they relate to items that are recognised in
other comprehensive income or directly in equity, in which case, the tax is also recognised in other
comprehensive income or directly in equity respectively.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks
to their present location and condition.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2023
Number
Number
The average monthly number of employees (including directors) during the period:
22
4
Stocks
2023
2023
£
£
Raw materials and consumables
5,2585,126
5,2585,126
5
Debtors
2023
2023
£
£
Trade debtors
17,12413,692
Amounts owed by group undertakings
1,3501,350
Loans to directors
4949
Prepayments and accrued income
6911,595
19,21416,686
6
Creditors:
amounts falling due within one year
2023
2023
£
£
Trade creditors
11,6308,679
Taxes and social security
34,267
19,236
Other creditors
92-
Accruals and deferred income
1,3851,295
47,37429,210
7
Share Capital
Share capital includes following:
2023
2022
£
£
100 ordinary shares of £1 each
100
100
100
100
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
9
Related party transactions
At the Balance Sheet date the company was owed £49 from the directors (2022: £49).
10
Events after the reporting period
The company will cease trading in January 2024 on the grounds that the directors have been unable to source additional revenue contracts to enable the business to continue as a going concern. The going concern basis is not appropriate and the directors have therefore not prepared the financial statements on that basis.
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