Registered number
07901713
Blue Meadow Solutions Ltd
Filleted Accounts
31 March 2024
Blue Meadow Solutions Ltd
Registered number: 07901713
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,196 8,578
Current assets
Stocks 3,000 3,000
Debtors 4 20,502 41,642
Cash at bank and in hand 53,159 55,278
76,661 99,920
Creditors: amounts falling due within one year 5 (72,746) (80,316)
Net current assets 3,915 19,604
Total assets less current liabilities 10,111 28,182
Creditors: amounts falling due after more than one year 6 (10,100) (18,045)
Net assets 11 10,137
Capital and reserves
Called up share capital 2 2
Profit and loss account 9 10,135
Shareholders' funds 11 10,137
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W. Thompson, Esq
Director
Approved by the board on 15 October 2024
Blue Meadow Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and related services and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Computers and office equipment over 3 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computers & equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2023 17,739 18,471 36,210
Additions 5,289 - 5,289
At 31 March 2024 23,028 18,471 41,499
Depreciation
At 1 April 2023 12,856 14,776 27,632
Charge for the year 3,976 3,695 7,671
At 31 March 2024 16,832 18,471 35,303
Net book value
At 31 March 2024 6,196 - 6,196
At 31 March 2023 4,883 3,695 8,578
4 Debtors 2024 2023
£ £
Trade debtors 19,650 33,638
Other debtors 852 8,004
20,502 41,642
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,519 8,519
Trade creditors 15,207 17,873
Taxation and social security costs 3,732 11,410
Other creditors 45,288 42,514
72,746 80,316
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,100 18,045
Included in creditors is £38,288 (2023: £35,464) owing to the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loans will only be repaid as and when cash flow permits.
7 Controlling party
The company is controlled by the directors who own the entire share capital of the company.
8 Other information
Blue Meadow Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
London
HA7 1JS
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