Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-312024-05-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-01-211No description of principal activitytruefalsefalse 13863460 2022-01-20 13863460 2022-01-21 2023-01-31 13863460 2021-02-01 2022-01-20 13863460 2023-01-31 13863460 c:Director1 2022-01-21 2023-01-31 13863460 d:Goodwill 2022-01-21 2023-01-31 13863460 d:Goodwill 2023-01-31 13863460 d:CurrentFinancialInstruments 2023-01-31 13863460 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13863460 d:ShareCapital 2023-01-31 13863460 d:RetainedEarningsAccumulatedLosses 2023-01-31 13863460 c:FRS102 2022-01-21 2023-01-31 13863460 c:AuditExempt-NoAccountantsReport 2022-01-21 2023-01-31 13863460 c:FullAccounts 2022-01-21 2023-01-31 13863460 c:PrivateLimitedCompanyLtd 2022-01-21 2023-01-31 13863460 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-01-21 2023-01-31 13863460 d:Goodwill d:OwnedIntangibleAssets 2022-01-21 2023-01-31 13863460 e:PoundSterling 2022-01-21 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 13863460










BLUE LIGHT MENTALITY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2023

 
BLUE LIGHT MENTALITY LIMITED
REGISTERED NUMBER: 13863460

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
11,182

  
11,182

Current assets
  

Stocks
 5 
8,468

Cash at bank and in hand
 6 
2,075

  
10,543

Creditors: amounts falling due within one year
 7 
(36,132)

Net current (liabilities)/assets
  
 
 
(25,589)

Total assets less current liabilities
  
(14,407)

  

Net (liabilities)/assets
  
(14,407)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(14,507)

  
(14,407)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 May 2024.




E.A. Belson
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BLUE LIGHT MENTALITY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies

 

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.1

Going concern

In view of the loss for the year of £14,507 and the excess of liabilities over assets at 31 January 2023 of £14,407 the appropriateness of the going concern basis is dependent upon the continued support of the company's creditors.
The company's creditors have continued to support the company and the director is of the opinion
that they will continue to do so. In light of the aforementioned, the director considers it appropriate to
adopt the going concern basis in preparing these financial statements.

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
1.3

Finance costs

Finance costs are charged to profit or loss 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. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
BLUE LIGHT MENTALITY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

1.Accounting policies (continued)

 
1.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.7

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.


2.


General information

 The company is a private company limited by shares and was incorporated in England and Wales on 21st January 2022. The registered office address of the business is:
Kingsridge House,
601 London Road
Westcliff on Sea,
Essex,
SS0 9PE.

Page 3

 
BLUE LIGHT MENTALITY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Goodwill

£



Cost


Additions
12,425



At 31 January 2023

12,425



Amortisation


Charge for the period on owned assets
1,243



At 31 January 2023

1,243



Net book value



At 31 January 2023
11,182




5.


Stocks

2023
£

Finished goods and goods for resale
8,468

8,468



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
2,075

2,075


Page 4

 
BLUE LIGHT MENTALITY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
36,132

36,132



Page 5