Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04927659 Mr David Ballard Mrs Alison Ballard iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04927659 2022-10-31 04927659 2023-10-31 04927659 2022-11-01 2023-10-31 04927659 frs-core:CurrentFinancialInstruments 2023-10-31 04927659 frs-core:Non-currentFinancialInstruments 2023-10-31 04927659 frs-core:BetweenOneFiveYears 2023-10-31 04927659 frs-core:ComputerEquipment 2023-10-31 04927659 frs-core:ComputerEquipment 2022-11-01 2023-10-31 04927659 frs-core:ComputerEquipment 2022-10-31 04927659 frs-core:PlantMachinery 2023-10-31 04927659 frs-core:PlantMachinery 2022-11-01 2023-10-31 04927659 frs-core:PlantMachinery 2022-10-31 04927659 frs-core:WithinOneYear 2023-10-31 04927659 frs-core:ShareCapital 2023-10-31 04927659 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04927659 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04927659 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04927659 frs-bus:SmallEntities 2022-11-01 2023-10-31 04927659 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04927659 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04927659 frs-bus:Director1 2022-11-01 2023-10-31 04927659 frs-bus:CompanySecretary1 2022-11-01 2023-10-31 04927659 frs-countries:EnglandWales 2022-11-01 2023-10-31 04927659 2021-10-31 04927659 2022-10-31 04927659 2021-11-01 2022-10-31 04927659 frs-core:CurrentFinancialInstruments 2022-10-31 04927659 frs-core:Non-currentFinancialInstruments 2022-10-31 04927659 frs-core:BetweenOneFiveYears 2022-10-31 04927659 frs-core:WithinOneYear 2022-10-31 04927659 frs-core:ShareCapital 2022-10-31 04927659 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 04927659
Bluetaxi Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04927659
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 36,160 48,171
36,160 48,171
CURRENT ASSETS
Debtors 5 27,428 8,574
Cash at bank and in hand 3,075 4,520
30,503 13,094
Creditors: Amounts Falling Due Within One Year 6 (8,389 ) (8,606 )
NET CURRENT ASSETS (LIABILITIES) 22,114 4,488
TOTAL ASSETS LESS CURRENT LIABILITIES 58,274 52,659
Creditors: Amounts Falling Due After More Than One Year 7 (51,174 ) (57,966 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,870 ) (9,152 )
NET ASSETS/(LIABILITIES) 230 (14,459 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 229 (14,460 )
SHAREHOLDERS' FUNDS 230 (14,459)
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Ballard
Director
22/04/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bluetaxi Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04927659 . The registered office is 160 Green Lane, Chislehurst, Kent, BR7 6AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Computer Equipment 15% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. 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 statement of comprehensive income 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 in respect of all timing differences that have originated but not reversed at the balance
sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
...CONTINUED
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2.5. Taxation - continued
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2022 63,792 1,860 65,652
As at 31 October 2023 63,792 1,860 65,652
Depreciation
As at 1 November 2022 15,948 1,533 17,481
Provided during the period 11,961 50 12,011
As at 31 October 2023 27,909 1,583 29,492
Net Book Value
As at 31 October 2023 35,883 277 36,160
As at 1 November 2022 47,844 327 48,171
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 634 -
Director's loan account 26,794 8,574
27,428 8,574
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 6,524 6,524
Trade creditors 751 751
Corporation tax 1,110 1,000
Other taxes and social security 4 331
8,389 8,606
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 41,687 47,124
Bank loans 9,487 10,842
51,174 57,966
8. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,524 6,524
Later than one year and not later than five years 41,687 47,124
48,211 53,648
48,211 53,648
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Included in the Other Debtors is an amount owed from the company director Mr David Ballard totalling £26,794 (2022 - £8,574 Debtor), no interest is to be charged.
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