Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 11905469 Mrs Jo Lara Ms Simone Degiorgio iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11905469 2023-03-31 11905469 2024-03-31 11905469 2023-04-01 2024-03-31 11905469 frs-core:CurrentFinancialInstruments 2024-03-31 11905469 frs-core:Non-currentFinancialInstruments 2024-03-31 11905469 frs-core:BetweenOneFiveYears 2024-03-31 11905469 frs-core:MotorVehicles 2024-03-31 11905469 frs-core:MotorVehicles 2023-04-01 2024-03-31 11905469 frs-core:MotorVehicles 2023-03-31 11905469 frs-core:PlantMachinery 2024-03-31 11905469 frs-core:PlantMachinery 2023-04-01 2024-03-31 11905469 frs-core:PlantMachinery 2023-03-31 11905469 frs-core:WithinOneYear 2024-03-31 11905469 frs-core:ShareCapital 2024-03-31 11905469 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 11905469 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11905469 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 11905469 frs-bus:SmallEntities 2023-04-01 2024-03-31 11905469 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11905469 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11905469 frs-bus:Director1 2023-04-01 2024-03-31 11905469 frs-bus:Director2 2023-04-01 2024-03-31 11905469 frs-countries:EnglandWales 2023-04-01 2024-03-31 11905469 2022-03-31 11905469 2023-03-31 11905469 2022-04-01 2023-03-31 11905469 frs-core:CurrentFinancialInstruments 2023-03-31 11905469 frs-core:Non-currentFinancialInstruments 2023-03-31 11905469 frs-core:BetweenOneFiveYears 2023-03-31 11905469 frs-core:WithinOneYear 2023-03-31 11905469 frs-core:ShareCapital 2023-03-31 11905469 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 11905469
Bluesky International Logistics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11905469
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,214 72,485
56,214 72,485
CURRENT ASSETS
Debtors 5 195,334 163,600
Cash at bank and in hand 66,591 49,773
261,925 213,373
Creditors: Amounts Falling Due Within One Year 6 (217,998 ) (172,705 )
NET CURRENT ASSETS (LIABILITIES) 43,927 40,668
TOTAL ASSETS LESS CURRENT LIABILITIES 100,141 113,153
Creditors: Amounts Falling Due After More Than One Year 7 (67,522 ) (90,651 )
NET ASSETS 32,619 22,502
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 32,617 22,500
SHAREHOLDERS' FUNDS 32,619 22,502
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Page 2
For the year ending 31 March 2024 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 directors acknowledge their 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
Mrs Jo Lara
Director
Ms Simone Degiorgio
Director
12 June 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bluesky International Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11905469 . The registered office is 2 Park Court, Pyrford Road, West Byfleet, Surrey, KT14 6SD.
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.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 33% on cost
Motor Vehicles 25% on written down value
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 on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 10)
10 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 935 72,389 73,324
Additions 2,344 - 2,344
As at 31 March 2024 3,279 72,389 75,668
Depreciation
As at 1 April 2023 442 397 839
Provided during the period 617 17,998 18,615
As at 31 March 2024 1,059 18,395 19,454
Net Book Value
As at 31 March 2024 2,220 53,994 56,214
As at 1 April 2023 493 71,992 72,485
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 169,732 131,721
Other debtors 25,602 31,879
195,334 163,600
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,935 17,935
Trade creditors 58,137 46,653
Bank loans and overdrafts 5,194 5,066
Other creditors 78,430 72,014
Taxation and social security 58,302 31,037
217,998 172,705
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 36,519 54,454
Bank loans 31,003 36,197
67,522 90,651
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,935 17,935
Later than one year and not later than five years 36,519 54,454
54,454 72,389
54,454 72,389
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
At 31 March 2024, the company pwed thje directors the sum of £622 (2023 - £622). 
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
At 31 March 2024 the company owed the sum of £25,417 (2023 -£20,966) to a company under common control. The amount is repayable within one year.
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