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REGISTERED NUMBER: 03783557 (England and Wales)













BLUE LINE OFFICE FURNITURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






BLUE LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BLUE LINE OFFICE FURNITURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: A J Marshall





SECRETARY: Mrs L A Marshall





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 03783557 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

BLUE LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,477 1,738
1,477 1,738

CURRENT ASSETS
Stocks 2,010 4,350
Debtors 6 107,223 86,663
Cash at bank and in hand 104 31,106
109,337 122,119
CREDITORS
Amounts falling due within one year 7 96,779 104,152
NET CURRENT ASSETS 12,558 17,967
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,035

19,705

CREDITORS
Amounts falling due after more than one
year

8

(13,024

)

(18,610

)

PROVISIONS FOR LIABILITIES (235 ) (264 )
NET ASSETS 776 831

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676 731
SHAREHOLDERS' FUNDS 776 831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





A J Marshall - Director


BLUE LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Blue Line Office Furniture 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 3 ) .

BLUE LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 5,000
AMORTISATION
At 1 October 2022
and 30 September 2023 5,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2022
and 30 September 2023 14,287
DEPRECIATION
At 1 October 2022 12,549
Charge for year 261
At 30 September 2023 12,810
NET BOOK VALUE
At 30 September 2023 1,477
At 30 September 2022 1,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,858 51,109
Directors' current accounts 39,523 26,323
Income tax debtor 10,842 9,231
107,223 86,663

BLUE LINE OFFICE FURNITURE LIMITED (REGISTERED NUMBER: 03783557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,538 5,403
Trade creditors 44,636 48,038
Tax 24,505 29,757
Social security and other taxes 444 491
Value added tax 12,077 15,913
Sundry creditors and accruals 3,579 4,550
96,779 104,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,603 5,503
Bank loans - 2-5 years 7,421 13,107
13,024 18,610

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
A J Marshall
Balance outstanding at start of year 26,323 35,328
Amounts advanced 13,200 -
Amounts repaid - (9,005 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,523 26,323

10. ULTIMATE CONTROLLING PARTY

The controlling party is A J Marshall.

The company is controlled by A J Marshall, a director and 50% shareholder.