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REGISTERED NUMBER: 07561928 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LIGHTBLUE SOLUTIONS LTD

LIGHTBLUE SOLUTIONS LTD (REGISTERED NUMBER: 07561928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LIGHTBLUE SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S A Quicke



REGISTERED OFFICE: The Old Exchange
The Rake
Burton
Wirral
CH64 5TL



REGISTERED NUMBER: 07561928 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank plc
PO Box 1000
Andover
BX1 1LT

LIGHTBLUE SOLUTIONS LTD (REGISTERED NUMBER: 07561928)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 3,010 1,309
Prepayments and accrued income 157 126
Cash at bank 376 1,317
4,543 3,752
CREDITORS
Amounts falling due within one year 6 20,840 15,312
NET CURRENT LIABILITIES (16,297 ) (11,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,297

)

(11,560

)

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (17,297 ) (12,560 )
SHAREHOLDERS' FUNDS (16,297 ) (11,560 )

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

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

The director acknowledges his 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 director and authorised for issue on 4th November 2024 and were signed by:





S A Quicke - Director


LIGHTBLUE SOLUTIONS LTD (REGISTERED NUMBER: 07561928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Lightblue Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The company, at the balance sheet date, has negative shareholders' funds. The accounts have been prepared on the going-concern basis as the long-term creditors are the directors who will not require payment of their loan accounts for the foreseeable future.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

LIGHTBLUE SOLUTIONS LTD (REGISTERED NUMBER: 07561928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 1,457
DEPRECIATION
At 1st April 2023
and 31st March 2024 1,457
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,890 -
Amounts owed by group undertakings - 1,300
Other debtors 9 9
Deferred tax asset
Tax losses carried forward 1,111 -
3,010 1,309

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 78 76
Amounts owed to group undertakings 5,847 -
Directors' current accounts 13,707 13,413
Accruals and deferred income 1,208 1,823
20,840 15,312

7. DEFERRED TAX
£   
Movement in the year due to :
Changes in tax losses (1,111 )
Balance at 31st March 2024 (1,111 )

LIGHTBLUE SOLUTIONS LTD (REGISTERED NUMBER: 07561928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S A Quicke.