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REGISTERED NUMBER: 12240859 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

Blue Sky Growth Solutions Limited

Blue Sky Growth Solutions Limited (Registered number: 12240859)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Sky Growth Solutions Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: Mr J Cheetham
Mrs L Cheetham





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 12240859 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Blue Sky Growth Solutions Limited (Registered number: 12240859)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,432 76,408

CURRENT ASSETS
Debtors 5 1,320 9,726
Cash at bank 19,735 25,180
21,055 34,906
CREDITORS
Amounts falling due within one year 6 10,956 15,910
NET CURRENT ASSETS 10,099 18,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,531

95,404

CREDITORS
Amounts falling due after more than one
year

7

(42,197

)

(50,204

)

PROVISIONS FOR LIABILITIES (8,035 ) (14,518 )
NET ASSETS 16,299 30,682

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,199 30,582
16,299 30,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 Sky Growth Solutions Limited (Registered number: 12240859)

Balance Sheet - continued
31st March 2024


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 13th August 2024 and were signed on its behalf by:





Mr J Cheetham - Director


Blue Sky Growth Solutions Limited (Registered number: 12240859)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Blue Sky Growth Solutions 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 15% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Blue Sky Growth Solutions Limited (Registered number: 12240859)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 81,034
DEPRECIATION
At 1st April 2023 4,626
Charge for year 19,976
At 31st March 2024 24,602
NET BOOK VALUE
At 31st March 2024 56,432
At 31st March 2023 76,408

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 72,704
DEPRECIATION
Charge for year 18,176
At 31st March 2024 18,176
NET BOOK VALUE
At 31st March 2024 54,528
At 31st March 2023 72,704

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,320 9,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,006 8,006
Taxation and social security 23 352
Other creditors 2,927 7,552
10,956 15,910

Blue Sky Growth Solutions Limited (Registered number: 12240859)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 42,197 50,204

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 50,203 58,210

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Cheetham.