COMPANY REGISTRATION NUMBER:
07537706
Blue Diamond Hygiene Supplies Ltd |
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Filleted Unaudited Financial Statements |
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Blue Diamond Hygiene Supplies Ltd |
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Year ended 31 December 2023
Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements |
1 |
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Statement of financial position |
2 |
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Notes to the financial statements |
3 |
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Blue Diamond Hygiene Supplies Ltd |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Blue Diamond Hygiene Supplies Ltd |
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Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Diamond Hygiene Supplies Ltd for the year ended 31 December 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Blue Diamond Hygiene Supplies Ltd in accordance with the terms of our engagement letter dated 21 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Diamond Hygiene Supplies Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Diamond Hygiene Supplies Ltd and its director for our work or for this report.
It is your duty to ensure that Blue Diamond Hygiene Supplies Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Diamond Hygiene Supplies Ltd. You consider that Blue Diamond Hygiene Supplies Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Blue Diamond Hygiene Supplies Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
24 April 2024
Blue Diamond Hygiene Supplies Ltd |
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Statement of Financial Position |
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31 December 2023
Fixed assets
Investments |
4 |
379,072 |
349,471 |
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|
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Current assets
Cash at bank and in hand |
100 |
100 |
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|
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Creditors: amounts falling due within one year |
5 |
47,646 |
18,045 |
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-------- |
-------- |
Net current liabilities |
47,546 |
17,945 |
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--------- |
--------- |
Total assets less current liabilities |
331,526 |
331,526 |
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--------- |
--------- |
Net assets |
331,526 |
331,526 |
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--------- |
--------- |
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|
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Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
331,426 |
331,426 |
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--------- |
--------- |
Shareholders funds |
331,526 |
331,526 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2024
, and are signed on behalf of the board by:
Company registration number:
07537706
Blue Diamond Hygiene Supplies Ltd |
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Notes to the Financial Statements |
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Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Head Office Unit 2, Rutland House, Whittington Way, Chesterfield, S41 9AG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Investments represents the company's capital account investment in the Blu partnership and is stated at cost of capital as adjusted for allocated profits or losses and drawings and capital introduced during the period.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose value cannot be measured reliably are measured at the cost less impairment.
4.
Investments
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Other investments other than loans |
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£ |
Cost |
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At 1 January 2023 |
349,471 |
Profit share |
89,419 |
Profits drawn |
(
59,818) |
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--------- |
At 31 December 2023 |
379,072 |
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--------- |
Impairment |
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At 1 January 2023 and 31 December 2023 |
– |
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--------- |
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Carrying amount |
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At 31 December 2023 |
379,072 |
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--------- |
At 31 December 2022 |
349,471 |
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--------- |
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Investments represents the company's capital account investment in the Blu partnership.
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
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£ |
£ |
Social security and other taxes |
11,200 |
3,900 |
Other creditors |
36,446 |
14,145 |
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-------- |
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47,646 |
18,045 |
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-------- |
-------- |
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