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REGISTERED NUMBER: 08789114 (England and Wales)







Financial Statements for the Year Ended 30th June 2023

for

Bluline Gloucestershire Limited

Bluline Gloucestershire Limited (Registered number: 08789114)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bluline Gloucestershire Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: I A White
S James
T A Parsley
T H Ford





REGISTERED OFFICE: 3 Eastmoor Road
Wakefield
WF1 3RY





REGISTERED NUMBER: 08789114 (England and Wales)





AUDITORS: Richards Sandy Audit Services Limited
(Statutory Auditor)
Thorneloe House
25 Barbourne Road
Worcester
WR1 1RU

Bluline Gloucestershire Limited (Registered number: 08789114)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 367,829 364,658

CURRENT ASSETS
Debtors 5 933 26,693
Cash at bank 282,382 322,108
283,315 348,801
CREDITORS
Amounts falling due within one year 6 57,299 69,099
NET CURRENT ASSETS 226,016 279,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,845

644,360

PROVISIONS FOR LIABILITIES 7 86,226 95,128
NET ASSETS 507,619 549,232

RESERVES
Income and expenditure account 507,619 549,232
507,619 549,232

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th February 2024 and were signed on its behalf by:





S James - Director


Bluline Gloucestershire Limited (Registered number: 08789114)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Bluline Gloucestershire Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

In the event of the company being wound up, the liability in respect of guarantee is limited to £1 per corporate member of the company.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Subscription fee income is recognised on a straight line basis over the period to which they relate. Administration fees are recognised in line with when the service of assisting claimants with submitting a claim has been provided to those claimants.

FINANCIAL INSTRUMENTS
Financial instruments are recognised when the company becomes party to contractual provisions of the instrument.

Financial assets are offset, with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic Financial Liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

The company applies the Mutual Trading exemption for corporation tax on profits arising from its trading activities. Any gains arising on the sale of investments, or interest received is taxed at the applicable rate.

Bluline Gloucestershire Limited (Registered number: 08789114)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued

LISTED INVESTMENTS
Listed investments are recognised initially at fair value which is normally the transaction price, and revalued annually to fair value at the balance sheet date. Gains and losses arising on the revaluations are recorded in the income statement.

PROVISIONS FOR LIABILITIES
Provisions are recognised when the company has a present obligation as a result of a past event, and it is probable that the company will be required to settle that obligation. Provisions are measured at the directors' best estimate of the expenditure required to settle the obligation at the balance sheet date, and are discounted to present value where the effect is material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st July 2022 364,658
Revaluations 3,171
At 30th June 2023 367,829
NET BOOK VALUE
At 30th June 2023 367,829
At 30th June 2022 364,658



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 933 26,693

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,460 30,744
Corporation tax 13,419 126
Accruals and deferred income 21,420 38,229
57,299 69,099

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 12,285
Claim cost provision 86,226 82,843
86,226 95,128

Bluline Gloucestershire Limited (Registered number: 08789114)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

7. PROVISIONS FOR LIABILITIES - continued

Claims
Deferred cost
tax provision
£    £   
Balance at 1st July 2022 12,285 82,843
Provided during year - 84,826
Credit to Statement of Income and Retained Earnings during year (12,285 ) -
Utilised during year - (81,443 )
Balance at 30th June 2023 - 86,226

The claim cost provision is for future claim costs for claim applications outstanding at the year end, where claims had not been fully settled at the year end.

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Melissa Jean Godwin ACCA (Senior Statutory Auditor)
for and on behalf of Richards Sandy Audit Services Limited

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.