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Company Registration No. 07966259 (England and Wales)
CompanyBlue Ltd Unaudited accounts for the year ended 31 March 2024
CompanyBlue Ltd Unaudited accounts Contents
Page
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CompanyBlue Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
757,702 
723,469 
Current assets
Inventories
374,949 
367,389 
Debtors
3,338 
9,745 
Cash at bank and in hand
18,665 
87,626 
396,952 
464,760 
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 
Capital and reserves
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
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CompanyBlue Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 fixed assets
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
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 
Depreciation
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 
Net book value
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 
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CompanyBlue Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
VAT
38,296 
46,331 
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)
225,149 
286,301 
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).
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