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REGISTERED NUMBER: 07067584 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Bluegrips Ltd.

Bluegrips Ltd. (Registered number: 07067584)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bluegrips Ltd.

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mr Anthony Ward





REGISTERED OFFICE: 174 Pitville Avenue
Liverpool
L18 7JJ





REGISTERED NUMBER: 07067584 (England and Wales)





ACCOUNTANTS: DBS Corporate Accountants
Suite 4102, Charlotte House
Queens Dock Business Centre
67-83 Norfolk Street
Liverpool
Merseyside
L1 0BG

Bluegrips Ltd. (Registered number: 07067584)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,140 140,391

CURRENT ASSETS
Debtors 5 20,386 85,410
Cash at bank 8,837 478
29,223 85,888
CREDITORS
Amounts falling due within one year 6 37,271 57,603
NET CURRENT (LIABILITIES)/ASSETS (8,048 ) 28,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,092

168,676

CREDITORS
Amounts falling due after more than
one year

7

(83,577

)

(99,574

)

PROVISIONS FOR LIABILITIES (22,637 ) (26,674 )
NET ASSETS 4,878 42,428

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,778 42,328
4,878 42,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Bluegrips Ltd. (Registered number: 07067584)

Balance Sheet - continued
31 August 2024


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 director and authorised for issue on 19 September 2024 and were signed by:





Mr Anthony Ward - Director


Bluegrips Ltd. (Registered number: 07067584)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Bluegrips Ltd. 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 amounts derived from the services provided by the company falling within its ordinary activities, 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 etc - 25% on reducing balance, 20% on cost and 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.

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.

Bluegrips Ltd. (Registered number: 07067584)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 193,979
DEPRECIATION
At 1 September 2023 53,588
Charge for year 21,251
At 31 August 2024 74,839
NET BOOK VALUE
At 31 August 2024 119,140
At 31 August 2023 140,391

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 12,778
Other debtors 20,386 72,632
20,386 85,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,585 23,947
Trade creditors 24,739 24,741
Taxation and social security (28,853 ) 2,993
Other creditors 3,800 5,922
37,271 57,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 83,577 99,574