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REGISTERED NUMBER: 12205793 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Coastal Blue Limited

Coastal Blue Limited (Registered number: 12205793)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coastal Blue Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Barnes
Mrs N Barnes
G J Barnes
Mrs D Barnes





REGISTERED OFFICE: Meadow Sweet Cottage
Carnevas
Porthcothan
St Merryn
Cornwall
PL28 8PN





REGISTERED NUMBER: 12205793 (England and Wales)





ACCOUNTANTS: Sovereign Accounting Solutions
Chartered Accountants and Business Advisers
Unit 9
Moorland Road Industrial Park
Moorland Road, Indian Queens
St Columb
Cornwall
TR9 6FB

Coastal Blue Limited (Registered number: 12205793)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,571 7,731

CURRENT ASSETS
Debtors 5 463 444
Cash at bank 89,187 98,200
89,650 98,644
CREDITORS
Amounts falling due within one year 6 1,971 5,916
NET CURRENT ASSETS 87,679 92,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,250

100,459

PROVISIONS FOR LIABILITIES 1,049 1,469
NET ASSETS 93,201 98,990

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 93,001 98,790
SHAREHOLDERS' FUNDS 93,201 98,990

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Coastal Blue Limited (Registered number: 12205793)

Balance Sheet - continued
31 December 2023


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 12 August 2024 and were signed on its behalf by:




P Barnes - Director



G J Barnes - Director


Coastal Blue Limited (Registered number: 12205793)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Coastal Blue 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Coastal Blue Limited (Registered number: 12205793)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,700
DEPRECIATION
At 1 January 2023 2,969
Charge for year 1,160
At 31 December 2023 4,129
NET BOOK VALUE
At 31 December 2023 6,571
At 31 December 2022 7,731

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 463 444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 112 -
Other creditors 1,859 5,916
1,971 5,916