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BLUE FIRE AI CAPITAL LIMITED

Registered Number
13506274
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BLUE FIRE AI CAPITAL 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

13506274 (England and Wales)
BLUE FIRE AI CAPITAL LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3165,087106,493
165,087106,493
Current assets
Debtors131,85495,900
Cash at bank and on hand14,25011,623
146,104107,523
Creditors amounts falling due within one year4(18,460)(17,396)
Net current assets (liabilities)127,64490,127
Total assets less current liabilities292,731196,620
Net assets292,731196,620
Capital and reserves
Called up share capital473,000200,000
Profit and loss account(180,269)(3,380)
Shareholders' funds292,731196,620
The financial statements were approved and authorised for issue by the Board of Directors on 23 September 2024, and are signed on its behalf by:
RATH, Samir
Director
Registered Company No. 13506274
BLUE FIRE AI CAPITAL 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.
Intangible assets
Development costs are capitalised in the period to which they relate and amortised over three years on a straight line basis.
2.Average number of employees

20232022
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23133,968133,968
Additions126,000126,000
At 31 December 23259,968259,968
Amortisation and impairment
At 01 January 2327,47527,475
Charge for year67,40667,406
At 31 December 2394,88194,881
Net book value
At 31 December 23165,087165,087
At 31 December 22106,493106,493
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties4,2591,575
Taxation and social security8,4888,385
Other creditors-294
Accrued liabilities and deferred income5,7137,142
Total18,46017,396
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.