Company Registration No. 08473739 (England and Wales)
BLUESPIRE BUILD LIMITED
Unaudited accounts
for the year ended 31 March 2023
BLUESPIRE BUILD LIMITED
Unaudited accounts
Contents
BLUESPIRE BUILD LIMITED
Company Information
for the year ended 31 March 2023
Company Number
08473739 (England and Wales)
Registered Office
15 Clover Leaze
Coalpit Heath
Bristol
BS36 2UD
Accountants
Streets Steele Limited
Orion House, Axis 4/5
Woodlands, Bradley Stoke
Bristol
BS32 4JT
BLUESPIRE BUILD LIMITED
Statement of financial position
as at 31 March 2023
Tangible assets
33,337
40,776
Cash at bank and in hand
17,674
12,513
Creditors: amounts falling due within one year
(6,030)
3,025
Net current assets
11,644
15,912
Total assets less current liabilities
45,031
56,738
Creditors: amounts falling due after more than one year
(36,130)
(45,545)
Provisions for liabilities
Deferred tax
(8,334)
(7,747)
Called up share capital
100
100
Profit and loss account
467
3,346
Shareholders' funds
567
3,446
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 20 February 2024 and were signed on its behalf by
Mr K Ellis
Director
Company Registration No. 08473739
BLUESPIRE BUILD LIMITED
Notes to the Accounts
for the year ended 31 March 2023
BLUESPIRE BUILD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08473739. The registered office is 15 Clover Leaze, Coalpit Heath, Bristol, BS36 2UD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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
33.3% straight line
Motor vehicles
20% reducing balance
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Current and deferred tax assets and liabilities are not discounted.
Investments in shares are included at cost.
BLUESPIRE BUILD LIMITED
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
6,543
14,296
35,386
56,225
At 31 March 2023
6,543
15,377
35,386
57,306
At 1 April 2022
729
12,182
2,538
15,449
Charge for the year
655
1,113
6,752
8,520
At 31 March 2023
1,384
13,295
9,290
23,969
At 31 March 2023
5,159
2,082
26,096
33,337
At 31 March 2022
5,814
2,114
32,848
40,776
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
26,096
32,620
5
Investments
Subsidiary undertakings
Valuation at 1 April 2022
50
Valuation at 31 March 2023
50
The company owns 50% of the share capital of Active Construction Projects Ltd, a company registered in England and Wales with registration number 12107902.
The carrying value is comprised the cost of the investment.
At 31 March 2023 the company had net assets of £131,742, and the company continues to generate consistent profits.
Amounts falling due within one year
BLUESPIRE BUILD LIMITED
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,666
2,666
Obligations under finance leases and hire purchase contracts
6,749
6,749
Amounts owed to group undertakings and other participating interests
50
50
Taxes and social security
16,277
8,880
Loans from directors
(23,722)
(18,253)
Security held for assets on hire purchase is the assets to which they relate.
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
19,685
26,434
9
Transactions with related parties
At the end of the financial year the Director owed the company £23,722 (2022: £18,253). This loan is unsecured, interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).