Company Registration No. 07994946 (England and Wales)
BLUE ENDEAVOUR LIMITED
Unaudited accounts
for the year ended 31 July 2023
BLUE ENDEAVOUR LIMITED
Unaudited accounts
Contents
BLUE ENDEAVOUR LIMITED
Company Information
for the year ended 31 July 2023
Company Number
07994946 (England and Wales)
Registered Office
REGUS HOUSE VICTORY WAY
CROSSWAYS BUSINESS PARK
DARTFORD
DA2 6QD
ENGLAND
Accountants
Orb7 Limited
53 Peartree Drive,Farnworth,Bolton,Lanca
Manchester
Bolton
Lancashire
BL4 9RR
BLUE ENDEAVOUR LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
3,794
4,742
Cash at bank and in hand
103,844
196,521
Creditors: amounts falling due within one year
(69,476)
(212,452)
Net current assets
272,111
300,046
Total assets less current liabilities
275,905
304,788
Creditors: amounts falling due after more than one year
(177,754)
(237,493)
Called up share capital
20
20
Profit and loss account
98,131
67,275
Shareholders' funds
98,151
67,295
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Rajitha RAM
Director
Company Registration No. 07994946
BLUE ENDEAVOUR LIMITED
Notes to the Accounts
for the year ended 31 July 2023
BLUE ENDEAVOUR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07994946. The registered office is REGUS HOUSE VICTORY WAY, CROSSWAYS BUSINESS PARK, DARTFORD, DA2 6QD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% diminishing balance method.
Fixtures & fittings
10% diminishing balance method.
Computer equipment
20% diminishing balance method.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BLUE ENDEAVOUR LIMITED
Notes to the Accounts
for the year ended 31 July 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
1,872
10,805
5,928
18,605
At 31 July 2023
1,872
10,805
5,928
18,605
At 1 August 2022
1,872
10,805
1,186
13,863
Charge for the year
-
-
948
948
At 31 July 2023
1,872
10,805
2,134
14,811
At 31 July 2023
-
-
3,794
3,794
At 31 July 2022
-
-
4,742
4,742
Amounts falling due after more than one year
Trade debtors
173,818
204,420
Accrued income and prepayments
35,000
35,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
24,248
58,175
Taxes and social security
26,385
80,541
BLUE ENDEAVOUR LIMITED
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
177,754
237,493
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).