Company Registration No. 07966259 (England and Wales)
CompanyBlue Ltd
Unaudited accounts
for the year ended 31 March 2024
CompanyBlue Ltd
Unaudited accounts
Contents
CompanyBlue Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
757,702
723,469
Inventories
374,949
367,389
Cash at bank and in hand
18,665
87,626
Creditors: amounts falling due within one year
(225,149)
(286,301)
Net current assets
171,803
178,459
Total assets less current liabilities
929,505
901,928
Creditors: amounts falling due after more than one year
(253,453)
(241,671)
Net assets
676,052
660,257
Called up share capital
50
50
Revaluation reserve
235,704
235,704
Profit and loss account
440,298
424,503
Shareholders' funds
676,052
660,257
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
Ibrahim Kalay
Director
Company Registration No. 07966259
CompanyBlue Ltd
Notes to the Accounts
for the year ended 31 March 2024
CompanyBlue Ltd is a private company, limited by shares, registered in England and Wales, registration number 07966259. The registered office is Unit 1, 3 Crondal Road, Exhall, Coventry, CV7 9NH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2023
700,000
10,000
-
36,471
26,982
773,453
Additions
-
-
37,445
-
998
38,443
At 31 March 2024
700,000
10,000
37,445
36,471
27,980
811,896
At 1 April 2023
-
6,229
-
24,965
18,790
49,984
Charge for the year
-
565
-
1,726
1,919
4,210
At 31 March 2024
-
6,794
-
26,691
20,709
54,194
At 31 March 2024
700,000
3,206
37,445
9,780
7,271
757,702
At 31 March 2023
700,000
3,771
-
11,506
8,192
723,469
CompanyBlue Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
3,338
9,745
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,697
35,337
Trade creditors
148,399
158,146
Taxes and social security
19,117
46,659
Other creditors
6,500
4,282
Loans from directors
(28,860)
(4,454)
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
253,453
241,671
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).