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REGISTERED NUMBER: 05224853 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Blue Flame (Cornwall) Limited

Blue Flame (Cornwall) Limited (Registered number: 05224853)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blue Flame (Cornwall) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Dennison
G P Doe





REGISTERED OFFICE: Energy House Parkengue
Kernick
PENRYN
Cornwall
TR10 9EP





REGISTERED NUMBER: 05224853 (England and Wales)





ACCOUNTANTS: Colin Truscott Accountancy Limited
9 Heron Close
Tresillian
Cornwall
TR2 4BH

Blue Flame (Cornwall) Limited (Registered number: 05224853)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,329 44,404
Tangible assets 5 141,614 181,321
157,943 225,725

CURRENT ASSETS
Stocks 573,114 585,686
Debtors 6 617,034 491,087
Cash at bank and in hand 640,666 666,322
1,830,814 1,743,095
CREDITORS
Amounts falling due within one year 7 1,000,639 949,741
NET CURRENT ASSETS 830,175 793,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,118

1,019,079

PROVISIONS FOR LIABILITIES 26,168 45,330
NET ASSETS 961,950 973,749

CAPITAL AND RESERVES
Called up share capital 600,700 600,700
Retained earnings 8 361,250 373,049
961,950 973,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Blue Flame (Cornwall) Limited (Registered number: 05224853)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





Mr M Dennison - Director


Blue Flame (Cornwall) Limited (Registered number: 05224853)

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

1. STATUTORY INFORMATION

Blue Flame (Cornwall) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Revenue from a contract to provide services is recognised in the period which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable they the company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on reducing balance
Plant and machinery etc - 25% on reducing balance, 15% on cost and 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Blue Flame (Cornwall) Limited (Registered number: 05224853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 88 (2023 - 84 ) .

Blue Flame (Cornwall) Limited (Registered number: 05224853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 561,485 1,053 562,538
AMORTISATION
At 1 April 2023 517,081 1,053 518,134
Charge for year 28,075 - 28,075
At 31 March 2024 545,156 1,053 546,209
NET BOOK VALUE
At 31 March 2024 16,329 - 16,329
At 31 March 2023 44,404 - 44,404

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 169,108 578,453 747,561
Additions - 5,796 5,796
Disposals - (9,499 ) (9,499 )
At 31 March 2024 169,108 574,750 743,858
DEPRECIATION
At 1 April 2023 129,309 436,931 566,240
Charge for year 3,980 41,523 45,503
Eliminated on disposal - (9,499 ) (9,499 )
At 31 March 2024 133,289 468,955 602,244
NET BOOK VALUE
At 31 March 2024 35,819 105,795 141,614
At 31 March 2023 39,799 141,522 181,321

Blue Flame (Cornwall) Limited (Registered number: 05224853)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 595,023 477,759
Other debtors 22,011 13,328
617,034 491,087

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 5,425
Trade creditors 353,573 356,987
Taxation and social security 475,540 420,289
Other creditors 171,526 167,040
1,000,639 949,741

8. RESERVES
Retained
earnings
£   

At 1 April 2023 373,049
Profit for the year 214,017
Dividends (210,816 )
Capital contributions to EOT (15,000 )
At 31 March 2024 361,250

9. RELATED PARTY DISCLOSURES

On 28 March 2024, Blue Flame (Cornwall) Trustees Limited acquired 100% of the ordinary shares in the company.The company will make capital contributions to Blue Flame (Cornwall) Trustees Limited over the next year, to repay the monies owed to the existing shareholders, subject to sufficient funds being available. The company has also agreed to cover necessary costs for Blue Flame (Cornwall) Trustees Limited, again where sufficient funds allow. The repayments will commence in the next financial year.