BLUEFOX (N.I.) LIMITED NI657097 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is ground civil works Digita Accounts Production Advanced 6.30.9574.0 true true NI657097 2022-12-01 2023-11-30 NI657097 2023-11-30 NI657097 core:CurrentFinancialInstruments 2023-11-30 NI657097 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI657097 core:Non-currentFinancialInstruments 2023-11-30 NI657097 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 NI657097 core:OtherPropertyPlantEquipment 2023-11-30 NI657097 bus:SmallEntities 2022-12-01 2023-11-30 NI657097 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI657097 bus:FilletedAccounts 2022-12-01 2023-11-30 NI657097 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI657097 bus:RegisteredOffice 2022-12-01 2023-11-30 NI657097 bus:Director1 2022-12-01 2023-11-30 NI657097 bus:Director2 2022-12-01 2023-11-30 NI657097 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI657097 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 NI657097 core:PlantMachinery 2022-12-01 2023-11-30 NI657097 countries:NorthernIreland 2022-12-01 2023-11-30 NI657097 2022-11-30 NI657097 core:OtherPropertyPlantEquipment 2022-11-30 NI657097 2021-12-01 2022-11-30 NI657097 2022-11-30 NI657097 core:CurrentFinancialInstruments 2022-11-30 NI657097 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 NI657097 core:Non-currentFinancialInstruments 2022-11-30 NI657097 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 NI657097 core:OtherPropertyPlantEquipment 2022-11-30 iso4217:GBP xbrli:pure

Registration number: NI657097

BLUEFOX (N.I.) LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

BLUEFOX (N.I.) LIMITED

(Registration number: NI657097)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

12,242

10,246

Current assets

 

Stocks

5

1,391

-

Debtors

6

343

3,193

Cash at bank and in hand

 

32,883

29,582

 

34,617

32,775

Creditors: Amounts falling due within one year

7

(2,678)

(4,446)

Net current assets

 

31,939

28,329

Total assets less current liabilities

 

44,181

38,575

Creditors: Amounts falling due after more than one year

7

(25,833)

(20,106)

Provisions for liabilities

(2,326)

(1,947)

Net assets

 

16,022

16,522

Capital and reserves

 

Called up share capital

2

2

Retained earnings

16,020

16,520

Shareholders' funds

 

16,022

16,522

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

BLUEFOX (N.I.) LIMITED

(Registration number: NI657097)
Balance Sheet as at 30 November 2023

Approved and authorised by the Board on 27 August 2024 and signed on its behalf by:
 

.........................................
Mr William James Burnside
Director

.........................................
Mrs Jacqueline Burnside
Director

 

BLUEFOX (N.I.) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 83A Glebe Road, Ahoghill, Ballymena, County Antrim, BT42 2QP.

These financial statements were authorised for issue by the Board on 27 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BLUEFOX (N.I.) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

BLUEFOX (N.I.) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

BLUEFOX (N.I.) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Equipment
£

Total
£

Cost or valuation

At 1 December 2022

13,586

13,586

Additions

4,359

4,359

At 30 November 2023

17,945

17,945

Depreciation

At 1 December 2022

3,340

3,340

Charge for the year

2,363

2,363

At 30 November 2023

5,703

5,703

Carrying amount

At 30 November 2023

12,242

12,242

At 30 November 2022

10,246

10,246

5

Stocks

2023
£

2022
£

Stock

1,391

-

6

Debtors

Current

2023
£

2022
£

Trade debtors

343

3,193

 

343

3,193

 

BLUEFOX (N.I.) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

2,280

2,220

Other creditors

398

2,226

2,678

4,446

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Directors loan account

25,833

20,106