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REGISTERED NUMBER: SC752971 (Scotland)















Unaudited Financial Statements

for the Period 13 December 2022 to 31 December 2023

for

Blue Core Limited

Blue Core Limited (Registered number: SC752971)






Contents of the Financial Statements
for the Period 13 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Blue Core Limited

Company Information
for the Period 13 December 2022 to 31 December 2023







DIRECTORS: W Bobelak
J A Korecki
M Korecki Aguirre
B E Pringle





REGISTERED OFFICE: 43 Mortonhall Park Crescent
Edinburgh
EH17 8SX





REGISTERED NUMBER: SC752971 (Scotland)





ACCOUNTANTS: One Accounting Ltd
Chartered Management Accountants
Drumsheugh Toll
2 Belford Road
Edinburgh
Midlothian
EH4 3BL

Blue Core Limited (Registered number: SC752971)

Balance Sheet
31 December 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 34,597

CURRENT ASSETS
Debtors 5 11,213
Cash at bank 2,998
14,211
CREDITORS
Amounts falling due within one year 6 107,260
NET CURRENT LIABILITIES (93,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(58,452

)

PROVISIONS FOR LIABILITIES 8,649
NET LIABILITIES (67,101 )

CAPITAL AND RESERVES
Called up share capital 125
Retained earnings (67,226 )
(67,101 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 13 September 2024 and were signed on its behalf by:





W Bobelak - Director


Blue Core Limited (Registered number: SC752971)

Notes to the Financial Statements
for the Period 13 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Blue Core Limited is a private company, limited by shares , registered in Scotland. 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.

Going concern
The Company is operating by utilising funding from the directors. The directors have indicated that appropriate funding will continue to support the company, accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

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.
Plant and machinery - 25% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties.

The company has elected to apply Section 11 'Basic Financial Instruments' of FRS102 to its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

- Debtors
Debtors with no stated interest rate or which are receivable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the income statement.

- Creditors
Creditors with no stated interest rate or which are payable within one year are recorded at the transaction price.

All interest bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable. After initial recognition they are measured at amortised cost.

Taxation
Taxation for the period 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 period 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.

Blue Core Limited (Registered number: SC752971)

Notes to the Financial Statements - continued
for the Period 13 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 11 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 44,742
At 31 December 2023 44,742
DEPRECIATION
Charge for period 10,145
At 31 December 2023 10,145
NET BOOK VALUE
At 31 December 2023 34,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,096
Other debtors 6,117
11,213

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 7,884
Social security and other taxes 11,459
VAT 33,095
Other creditors 2,410
Directors' current accounts 49,975
Accrued expenses 2,437
107,260

Blue Core Limited (Registered number: SC752971)

Notes to the Financial Statements - continued
for the Period 13 December 2022 to 31 December 2023

7. RELATED PARTY DISCLOSURES

From time to time the company enters into transactions with other Companies under common control or in which significant influence is held by the directors. Where these transactions have been made under normal market conditions specific details are not provided.

Balances owed from companies in which the directors exert influence:

2023
Receivable
£   

Loan balances due 1,250

The above loan is repayable upon demand and interest free.