Company registration number 10978901 (England and Wales)
Blue Stryke Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Blue Stryke Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Blue Stryke Ltd
Statement Of Financial Position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,603
7,370
Current assets
Debtors
4
120,509
113,488
Cash at bank and in hand
3,242
13,490
123,751
126,978
Creditors: amounts falling due within one year
5
(122,001)
(98,413)
Net current assets
1,750
28,565
Total assets less current liabilities
40,353
35,935
Creditors: amounts falling due after more than one year
6
(37,834)
(26,667)
Net assets
2,519
9,268
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
2,518
9,267
Total equity
2,519
9,268

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 6 August 2024
D Cooper
Director
Company registration number 10978901 (England and Wales)
Blue Stryke Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% reducing balance
Motor vehicles
25% reducing balance
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Blue Stryke Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
3,268
17,000
20,268
Additions
-
0
38,500
38,500
Disposals
-
0
(9,000)
(9,000)
At 31 March 2024
3,268
46,500
49,768
Depreciation and impairment
At 1 April 2023
1,435
11,463
12,898
Depreciation charged in the year
183
3,762
3,945
Eliminated in respect of disposals
-
0
(5,678)
(5,678)
At 31 March 2024
1,618
9,547
11,165
Carrying amount
At 31 March 2024
1,650
36,953
38,603
At 31 March 2023
1,833
5,537
7,370
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
16,307
19,525
Other debtors
104,202
93,963
120,509
113,488
Blue Stryke Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Obligations under hire purchase
15,400
-
0
Trade creditors
2,061
-
0
Corporation tax
39,688
18,431
Other taxation and social security
40,981
55,563
Other creditors
11,871
8,661
Accruals and deferred income
2,000
5,758
122,001
98,413

Obligations under hire purchase are secured by the asset to which they relate.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
17,500
26,667
Obligations under hire purchase
20,334
-
0
37,834
26,667

Obligations under hire purchase are secured by the asset to which they relate.

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Company information

Blue Stryke Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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