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Company Registration No. 11179221 (England and Wales)
Blue Orange Limited Unaudited accounts for the year ended 31 January 2024
Blue Orange Limited Unaudited accounts Contents
Page
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Blue Orange Limited Company Information for the year ended 31 January 2024
Directors
Kevin Baker Iain Reid
Company Number
11179221 (England and Wales)
Registered Office
A And L Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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Blue Orange Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,042 
2,956 
Current assets
Debtors
149,230 
170,865 
Cash at bank and in hand
185,030 
86,596 
334,260 
257,461 
Creditors: amounts falling due within one year
(246,300)
(197,094)
Net current assets
87,960 
60,367 
Total assets less current liabilities
90,002 
63,323 
Provisions for liabilities
Deferred tax
(511)
(562)
Net assets
89,491 
62,761 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
89,391 
62,661 
Shareholders' funds
89,491 
62,761 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by
Kevin Baker Director Company Registration No. 11179221
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Blue Orange Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Blue Orange Limited is a private company, limited by shares, registered in England and Wales, registration number 11179221. The registered office is A And L, Suite 1-3 The Hop Exchange, 24 Southwark Street, London, SE1 1TY.
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.
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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Interest income
Interest income is recognised in profit or loss using the effective interest method.
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:
Fixtures & fittings
25% SL
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Blue Orange Limited Notes to the Accounts for the year ended 31 January 2024
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivables are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: - The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of tax liabilities or other future taxable profits; and - Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
21,789 
Additions
1,864 
At 31 January 2024
23,653 
Depreciation
At 1 February 2023
18,833 
Charge for the year
2,778 
At 31 January 2024
21,611 
Net book value
At 31 January 2024
2,042 
At 31 January 2023
2,956 
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Blue Orange Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
170,865 
Amounts due from group undertakings etc.
138,992 
- 
Accrued income and prepayments
10,238 
- 
149,230 
170,865 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
38,666 
48,476 
Trade creditors
9,490 
3,857 
Amounts owed to group undertakings and other participating interests
180,497 
- 
Taxes and social security
14,251 
3,026 
Other creditors
- 
3,238 
Loans from directors
3,396 
(4,620)
Accruals
- 
143,117 
246,300 
197,094 
7
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounts to £29,963 (2023: £20,235). Contributions totalling £Nil (2023: £Nil) were payable to the fund at the reporting date and are included in creditors.
8
Average number of employees
During the year the average number of employees was 131 (2023: 88).
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