2023-01-012023-12-312023-12-31false12577055BLUE FIRE AI 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BLUE FIRE AI LIMITED

Registered Number
12577055
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BLUE FIRE AI LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

RATH, Samir
WADDINGTON, Luke

Company Secretary

TRICOR CORPORATE SECRETARIES LIMITED

Registered Address

Level 1 Devonshire House
1 Mayfair Place
London
W1J 8AJ

Registered Number

12577055 (England and Wales)
BLUE FIRE AI LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors81,28426,803
Cash at bank and on hand125,8709,320
207,15436,123
Creditors amounts falling due within one year3(55,432)(21,593)
Net current assets (liabilities)151,72214,530
Total assets less current liabilities151,72214,530
Net assets151,72214,530
Capital and reserves
Called up share capital547,000377,000
Profit and loss account(395,278)(362,470)
Shareholders' funds151,72214,530
The financial statements were approved and authorised for issue by the Board of Directors on 22 September 2024, and are signed on its behalf by:
WADDINGTON, Luke
Director
Registered Company No. 12577055
BLUE FIRE AI LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2.Average number of employees

20232022
Average number of employees during the year10
3.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties7,2507,250
Taxation and social security5,143-
Accrued liabilities and deferred income43,03914,343
Total55,43221,593
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.