Blucando Limited Filleted Accounts Cover
Blucando Limited
Company No. 09145236
Information for Filing with The Registrar
For the year ended
31 July 2023
Blucando Limited Balance Sheet Registrar
at
31 July 2023
Company No.
09145236
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
97,47975,880
97,47975,880
Current assets
Stocks
5
36,00045,000
Debtors
6
256,210299,861
Cash at bank and in hand
26,33924,319
318,549369,180
Creditors: Amount falling due within one year
7
(303,342)
(348,649)
Net current assets
15,20720,531
Total assets less current liabilities
112,68696,411
Creditors: Amounts falling due after more than one year
8
(89,339)
(73,566)
Provisions for liabilities
Deferred taxation
(18,521)
(14,417)
Net assets
4,8268,428
Capital and reserves
Called up share capital
11
44
Profit and loss account
12
4,8228,424
Total equity
4,8268,428
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 year 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 19 January 2024 and signed on its behalf by:
S. Elsdon
Director
19 January 2024
Blucando Limited Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
Blucando Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09145236
Its registered office is:
Unit 11 Farnborough Business
Eelmoor Road
Farnborough
Hampshire
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 and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
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.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
20% Reducing balance
Furniture, fittings and equipment
20% Reducing balance
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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred 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 current and deferred 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.
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Finance Costs
Finance costs are charged to the profit and loss account over the term of the debt using the effective
interest method so that the amount charged is at a constant rate on the carrying amount.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are
recognised when paid. Final equity dividends are recognised when approved by the shareholders at the Annual General Meeting.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
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
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
1515
4
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 August 2022
61,64541,432103,077
Additions
41,6014,36845,969
At 31 July 2023
103,24645,800149,046
Depreciation
At 1 August 2022
13,15114,04627,197
Charge for the year
18,0196,35124,370
At 31 July 2023
31,17020,39751,567
Net book values
At 31 July 2023
72,07625,40397,479
At 31 July 2022
48,494
27,386
75,880
5
Stocks
2023
2022
£
£
Raw materials and consumables
36,00045,000
36,00045,000
6
Debtors
2023
2022
£
£
Trade debtors
77,25197,951
Amounts owed by group undertakings
2,913-
Corporation tax recoverable
36,30236,302
Loans to directors
130,026155,054
Other debtors
-500
Prepayments and accrued income
9,71810,054
256,210299,861
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
13,83825,478
Obligations under finance lease and hire purchase contracts
13,8585,921
Trade creditors
81,943138,690
Amounts owed to group undertakings
1,299
-
Taxes and social security
190,027
175,708
Other creditors
1,0531,152
Accruals and deferred income
1,3241,700
303,342348,649
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
36,85047,192
Obligations under finance lease and hire purchase contracts
52,48926,374
89,33973,566
9
Hire purchase and finance leases
Minimum lease payments under hire purchase fall due as follows:
2023
2022
£
£
Within 1 year
14,700
5,921
More than 1 year
51,506
26,374
66,206
32,295
10
Loans
Analysis of the maturity of loans is given below:
2023
2022
£
£
Amounts falling due within 1 year
12,277
24,160
Amounts falling due 2-5 years
27,850
33,165
Amounts falling due more than 5 years
8,721
14,027
48,848
71,352
11
Share Capital
Share capital includes following:
2023
2022
£
£
4 ordinary shares of £1 each
4
4
4
4
12
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
13
Related party transactions
At the Balance Sheet date the company was owed £130,026 (2022 : £155,054) from the directors.
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