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REGISTERED NUMBER: 05669255 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BLUEGYP LIMITED

BLUEGYP LIMITED (REGISTERED NUMBER: 05669255)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLUEGYP LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Marrin
S Marrin
G D Griffiths



SECRETARY: S Marrin



REGISTERED OFFICE: Unit 12 Wharfside Business Park
Irlam Wharf Road
Irlam
Manchester
M44 5PN



REGISTERED NUMBER: 05669255 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Handlesbanken
Manchester Spinningfields
Fourth Floor
Kabel House
15 Quay Street
Manchester
M3 3HN

BLUEGYP LIMITED (REGISTERED NUMBER: 05669255)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,501 108,684

CURRENT ASSETS
Debtors 5 2,941,029 2,103,889
Cash at bank 1,021,285 1,194,672
3,962,314 3,298,561
CREDITORS
Amounts falling due within one year 6 1,863,185 1,180,971
NET CURRENT ASSETS 2,099,129 2,117,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,217,630

2,226,274

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (12,285 ) (3,867 )
NET ASSETS 2,183,678 2,190,740

CAPITAL AND RESERVES
Called up share capital 9 400 300
Retained earnings 2,183,278 2,190,440
SHAREHOLDERS' FUNDS 2,183,678 2,190,740

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:



J Marrin - Director


BLUEGYP LIMITED (REGISTERED NUMBER: 05669255)

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


1. STATUTORY INFORMATION

Bluegyp 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Office Equipment - 20% on reducing balance

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BLUEGYP LIMITED (REGISTERED NUMBER: 05669255)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 April 2023 39,854 255,668 56,365 351,887
Additions - 68,979 6,725 75,704
Disposals - (101,455 ) - (101,455 )
At 31 March 2024 39,854 223,192 63,090 326,136
DEPRECIATION
At 1 April 2023 39,854 162,500 40,849 243,203
Charge for year - 33,570 4,448 38,018
Eliminated on disposal - (73,586 ) - (73,586 )
At 31 March 2024 39,854 122,484 45,297 207,635
NET BOOK VALUE
At 31 March 2024 - 100,708 17,793 118,501
At 31 March 2023 - 93,168 15,516 108,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,750,034 2,012,516
Amounts owed by group undertakings 238 20,180
Other debtors 190,757 71,193
2,941,029 2,103,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,299,404 529,150
Taxation and social security 188,892 271,456
Other creditors 364,889 370,365
1,863,185 1,180,971

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,667 31,667

BLUEGYP LIMITED (REGISTERED NUMBER: 05669255)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 80,303 64,617
Between one and five years 153,167 149,654
233,470 214,271

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A shares £1 200 100
100 Ordinary B Shares £1 100 100
100 Ordinary C £1 100 100
400 300

10. ULTIMATE CONTROLLING PARTY

The controlling party is LIW Holdings Ltd.

The ultimate controlling party is Mr J Marrin & Mrs S Marrin.