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Company Registration No. 10046879 (England and Wales)
Blue Mountain Energy Limited Unaudited accounts for the year ended 31 December 2023
Blue Mountain Energy Limited Unaudited accounts Contents
Page
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Blue Mountain Energy Limited Company Information for the year ended 31 December 2023
Director
Justin Claxton
Company Number
10046879 (England and Wales)
Registered Office
27 Old Gloucester Street London WC1N 3AX England
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Blue Mountain Energy Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
4,264 
194,419 
Cash at bank and in hand
92,428 
389,931 
96,692 
584,350 
Creditors: amounts falling due within one year
(11,637)
(428,879)
Net current assets
85,055 
155,471 
Net assets
85,055 
155,471 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
84,955 
155,371 
Shareholders' funds
85,055 
155,471 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 30 September 2024 and were signed on its behalf by
Justin Claxton Director Company Registration No. 10046879
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Blue Mountain Energy Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Blue Mountain Energy Limited is a private company, limited by shares, registered in England and Wales, registration number 10046879. The registered office is 27 Old Gloucester Street, London , WC1N 3AX, England.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
4,264 
2,473 
Trade debtors
- 
191,946 
4,264 
194,419 
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Blue Mountain Energy Limited Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
11,637 
328,425 
Taxes and social security
- 
36,454 
Other creditors
- 
80,000 
Loans from directors
- 
(16,000)
11,637 
428,879 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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