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REGISTERED NUMBER: 07116934 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Blue Flame (MK) Limited

Blue Flame (MK) Limited (Registered number: 07116934)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Blue Flame (MK) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Bone
G Flaherty





REGISTERED OFFICE: 114 London Road
Loughton
Milton Keynes
Buckinghamshire
MK5 8AQ





REGISTERED NUMBER: 07116934 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

Blue Flame (MK) Limited (Registered number: 07116934)

Abridged Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,516 342

CURRENT ASSETS
Stocks 3,962 1,036
Debtors 43,498 22,661
Cash at bank 29,204 57,560
76,664 81,257
CREDITORS
Amounts falling due within one year 66,140 67,323
NET CURRENT ASSETS 10,524 13,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,040

14,276

CREDITORS
Amounts falling due after more than one
year

(46,818

)

-

PROVISIONS FOR LIABILITIES (11,498 ) (65 )
NET ASSETS 12,724 14,211

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,624 14,111
SHAREHOLDERS' FUNDS 12,724 14,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Flame (MK) Limited (Registered number: 07116934)

Abridged Statement of Financial Position - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 June 2024 and were signed on its behalf by:




G Flaherty - Director



S Bone - Director


Blue Flame (MK) Limited (Registered number: 07116934)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Blue Flame (MK) 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.

The directors have considered the future profitability and cash flow of the business . The Company is expected to retain both a profit and cash reserve . On this basis the directors consider that the going concern basis of preparation to be appropriate.

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 - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Blue Flame (MK) Limited (Registered number: 07116934)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 5,206 - 5,179 10,385
Additions - 64,114 318 64,432
At 30 April 2024 5,206 64,114 5,497 74,817
DEPRECIATION
At 1 May 2023 5,206 - 4,837 10,043
Charge for year - 4,007 251 4,258
At 30 April 2024 5,206 4,007 5,088 14,301
NET BOOK VALUE
At 30 April 2024 - 60,107 409 60,516
At 30 April 2023 - - 342 342

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 64,114
At 30 April 2024 64,114
DEPRECIATION
Charge for year 4,007
At 30 April 2024 4,007
NET BOOK VALUE
At 30 April 2024 60,107

Blue Flame (MK) Limited (Registered number: 07116934)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £22,176 (2023 - £16,414) is owed to the directors . £22,176 is the maximum amount outstanding during the period . No interest has been paid or accrued on the sum outstanding.