IRIS Accounts Production v24.1.4.33 07454961 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074549612022-12-31074549612023-12-31074549612023-01-012023-12-31074549612021-12-31074549612022-01-012022-12-31074549612022-12-3107454961ns15:EnglandWales2023-01-012023-12-3107454961ns14:PoundSterling2023-01-012023-12-3107454961ns10:Director12023-01-012023-12-3107454961ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107454961ns10:SmallEntities2023-01-012023-12-3107454961ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107454961ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107454961ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107454961ns10:FullAccounts2023-01-012023-12-3107454961ns10:Director22023-01-012023-12-3107454961ns10:CompanySecretary12023-01-012023-12-3107454961ns10:RegisteredOffice2023-01-012023-12-3107454961ns5:CurrentFinancialInstruments2023-12-3107454961ns5:CurrentFinancialInstruments2022-12-3107454961ns5:Non-currentFinancialInstruments2023-12-3107454961ns5:Non-currentFinancialInstruments2022-12-3107454961ns5:ShareCapital2023-12-3107454961ns5:ShareCapital2022-12-3107454961ns5:SharePremium2023-12-3107454961ns5:SharePremium2022-12-3107454961ns5:RetainedEarningsAccumulatedLosses2023-12-3107454961ns5:RetainedEarningsAccumulatedLosses2022-12-3107454961ns5:PlantMachinery2022-12-3107454961ns5:FurnitureFittings2022-12-3107454961ns5:MotorVehicles2022-12-3107454961ns5:ComputerEquipment2022-12-3107454961ns5:PlantMachinery2023-01-012023-12-3107454961ns5:FurnitureFittings2023-01-012023-12-3107454961ns5:MotorVehicles2023-01-012023-12-3107454961ns5:ComputerEquipment2023-01-012023-12-3107454961ns5:PlantMachinery2023-12-3107454961ns5:FurnitureFittings2023-12-3107454961ns5:MotorVehicles2023-12-3107454961ns5:ComputerEquipment2023-12-3107454961ns5:PlantMachinery2022-12-3107454961ns5:FurnitureFittings2022-12-3107454961ns5:MotorVehicles2022-12-3107454961ns5:ComputerEquipment2022-12-3107454961ns5:CostValuation2022-12-3107454961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3107454961ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3107454961ns5:DeferredTaxation2022-12-3107454961ns5:DeferredTaxation2023-01-012023-12-3107454961ns5:DeferredTaxation2023-12-31
REGISTERED NUMBER: 07454961 (England and Wales)


















BLUE BUTTERFLY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE BUTTERFLY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: R Pankhania
Mrs P Pankhania





SECRETARY: Mrs P Pankhania





REGISTERED OFFICE: 5 Barrow Point Avenue
Pinner
Middlesex
HA5 3HQ





REGISTERED NUMBER: 07454961 (England and Wales)





ACCOUNTANTS: DSJ Partners (UK) Limited
2nd Floor
1 Bell Street
London
NW1 5BY

BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 135,446 94,395
Investments 5 100 100
135,546 94,495

CURRENT ASSETS
Debtors 6 1,669,268 1,543,316
Cash at bank and in hand 5,562 4,706
1,674,830 1,548,022
CREDITORS
Amounts falling due within one year 7 (231,416 ) (165,974 )
NET CURRENT ASSETS 1,443,414 1,382,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,578,960

1,476,543

CREDITORS
Amounts falling due after more than one
year

8

(45,463

)

(70,344

)

PROVISIONS FOR LIABILITIES 9 (25,732 ) (17,935 )
NET ASSETS 1,507,765 1,388,264

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Share premium 1,178,100 1,178,100
Retained earnings 317,665 198,164
SHAREHOLDERS' FUNDS 1,507,765 1,388,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

BALANCE SHEET - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2024 and were signed on its behalf by:





R Pankhania - Director


BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

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

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.

Turnover
Turnover shown in the profit and loss account represents amounts earned during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance
Motor car - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
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 will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Going concern
On the basis the director is satisfied that the company can meet its obligation as and when they fall due and that the company has sufficient support from its creditors/shareholders, the accounts are prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2022 - 51 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 153,904 120,825 - 73,283 348,012
Additions - 2,066 54,635 15,068 71,769
At 31 December 2023 153,904 122,891 54,635 88,351 419,781
DEPRECIATION
At 1 January 2023 103,600 100,300 - 49,717 253,617
Charge for year 7,546 4,518 10,927 7,727 30,718
At 31 December 2023 111,146 104,818 10,927 57,444 284,335
NET BOOK VALUE
At 31 December 2023 42,758 18,073 43,708 30,907 135,446
At 31 December 2022 50,304 20,525 - 23,566 94,395

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

The company's investments at the Balance sheet date in the share capital of companies include the following:

AJP Assets Ltd
Nature of business: Pre-school education and care.
%
holding
Class of shares:
Ordinary 100.00

BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 276,641 215,278
Amounts receivable in respect of finance
leases

5,058

-
Other debtors 4,364 3,925
286,063 219,203

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,383,205 1,324,113

Aggregate amounts 1,669,268 1,543,316

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,648
Finance leases 10,628 -
Trade creditors 11,322 14,536
Amounts owed to group undertakings 68,385 49,106
Taxation and social security 23,393 26,260
Other creditors 117,688 65,424
231,416 165,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 7,674
Finance leases 45,463 -
Other creditors - 62,670
45,463 70,344

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25,732 17,935

Deferred
tax
£   
Balance at 1 January 2023 17,935
Charge to Income Statement during year 7,797
Balance at 31 December 2023 25,732

BLUE BUTTERFLY LIMITED (REGISTERED NUMBER: 07454961)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


10. RELATED PARTY DISCLOSURES

R Pankhania
Mr R Pankhania is a Director of the Company.

During the year £211 (2022 - £1,660) of interest has been accrued on the loan provided by Mr R Pankhania. During the year £22,719 (2022:£105,000) of the loan was repaid.

2023 2022
£ £
Amount due to related party at the balance sheet date 39,951 626,670