Bluesky Littlehampton Ltd 09328132 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the rental of commercial premises. Digita Accounts Production Advanced 6.30.9574.0 true 09328132 2023-04-01 2024-03-31 09328132 2024-03-31 09328132 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-03-31 09328132 core:RetainedEarningsAccumulatedLosses 2024-03-31 09328132 core:ShareCapital 2024-03-31 09328132 core:CurrentFinancialInstruments 2024-03-31 09328132 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09328132 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09328132 core:FurnitureFittingsToolsEquipment 2024-03-31 09328132 core:OtherPropertyPlantEquipment 2024-03-31 09328132 bus:SmallEntities 2023-04-01 2024-03-31 09328132 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09328132 bus:FilletedAccounts 2023-04-01 2024-03-31 09328132 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09328132 bus:RegisteredOffice 2023-04-01 2024-03-31 09328132 bus:Director1 2023-04-01 2024-03-31 09328132 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-04-01 2024-03-31 09328132 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09328132 core:OfficeEquipment 2023-04-01 2024-03-31 09328132 core:PlantMachinery 2023-04-01 2024-03-31 09328132 core:Vehicles 2023-04-01 2024-03-31 09328132 countries:EnglandWales 2023-04-01 2024-03-31 09328132 2023-03-31 09328132 core:FurnitureFittingsToolsEquipment 2023-03-31 09328132 core:OtherPropertyPlantEquipment 2023-03-31 09328132 2022-04-01 2023-03-31 09328132 2023-03-31 09328132 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 09328132 core:RetainedEarningsAccumulatedLosses 2023-03-31 09328132 core:ShareCapital 2023-03-31 09328132 core:CurrentFinancialInstruments 2023-03-31 09328132 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09328132 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09328132

Bluesky Littlehampton Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Bluesky Littlehampton Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bluesky Littlehampton Ltd

Company Information

Director

Mr Michael David Wilson

Registered office

2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

 

Bluesky Littlehampton Ltd

(Registration number: 09328132)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

2,934

2,764

Creditors: Amounts falling due within one year

6

(40,945)

(30,539)

Total assets less current liabilities

 

(38,011)

(27,775)

Creditors: Amounts falling due after more than one year

6

(8,037)

(9,584)

Net liabilities

 

(46,048)

(37,359)

Capital and reserves

 

Called up share capital

7

10

10

Profit and loss account

(46,058)

(37,369)

Shareholders' deficit

 

(46,048)

(37,359)

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2024
 

.........................................
Mr Michael David Wilson
Director

 

Bluesky Littlehampton Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the director on 2 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Revenue recognition

Revenue from the provision of accommodation to customers is measured at the fair value of consideration received or receivable, excluding sales taxes. Where rent free periods are granted to customers, rental income is spread on a straight-line basis of the term of the contract.

Service income is recognised as services are rendered


The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Bluesky Littlehampton Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Office equipment

25% straight line

Motor vehicles

25% reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Bluesky Littlehampton Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

417

1,325

1,742

At 31 March 2024

417

1,325

1,742

Depreciation

At 1 April 2023

417

1,325

1,742

At 31 March 2024

417

1,325

1,742

Carrying amount

At 31 March 2024

-

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

1,140

Other debtors

2,934

1,624

 

2,934

2,764

 

Bluesky Littlehampton Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,555

8,922

Trade creditors

 

3,225

1,931

Taxation and social security

 

114

964

Accruals and deferred income

 

1,250

2,650

Other creditors

 

24,801

16,072

 

40,945

30,539

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

8

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank borrowings

1,555

1,564

Bank overdrafts

10,000

7,358

11,555

8,922