Blucando Connect Ltd Filleted Accounts Cover |
Company No. 13904693 | |||||||||
For the period ended | |||||||||
Blucando Connect Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2023 | 2023 | |||||||
£ | £ | |||||||||
Current assets | ||||||||||
Stocks | 4 | |||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current (liabilities)/assets | ( | |||||||||
Total assets less current liabilities | ( | |||||||||
Net (liabilities)/assets | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 8 | ( | ||||||||
Total equity | ( | |||||||||
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: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
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 | ||||||||||||||
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 | ||||||||||||||
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 | ||||||||||||||
Provisions | ||||||||||||||
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: | ||||||||||||||
4 | Stocks | |||||||||||||
2023 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Raw materials and consumables | ||||||||||||||
5 | Debtors | |||||||||||||
2023 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Loans to directors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2023 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Share Capital | |||||||||||||
Share capital includes following: | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
100 ordinary shares of £1 each | 100 | 100 | ||||||||||||
100 | 100 | |||||||||||||
8 | Reserves | |||||||||||||
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. | ||||||||||||||