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REGISTERED NUMBER: 09560730 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 October 2024

for

Wide Blue Solutions Ltd

Wide Blue Solutions Ltd (Registered number: 09560730)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wide Blue Solutions Ltd

Company Information
for the Period 1 May 2023 to 31 October 2024







DIRECTOR: M J Bracey





REGISTERED OFFICE: 20 Charlton Road Keynsham
Bristol
United Kingdom
BS31 2JA





REGISTERED NUMBER: 09560730 (England and Wales)





ACCOUNTANTS: Equifino Ltd
Ivy Court
61 High Street
Nailsea
Bristol
BS48 1AW

Wide Blue Solutions Ltd (Registered number: 09560730)

Balance Sheet
31 October 2024

31.10.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278 556

CURRENT ASSETS
Debtors 5 4,011 11,232
Cash at bank 18,301 33,041
22,312 44,273
CREDITORS
Amounts falling due within one year 6 12,654 29,952
NET CURRENT ASSETS 9,658 14,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,936

14,877

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 9,836 14,777
SHAREHOLDERS' FUNDS 9,936 14,877

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

Wide Blue Solutions Ltd (Registered number: 09560730)

Balance Sheet - continued
31 October 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 director and authorised for issue on 31 January 2025 and were signed by:





M J Bracey - Director


Wide Blue Solutions Ltd (Registered number: 09560730)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 October 2024

1. STATUTORY INFORMATION

Wide Blue 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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse economy the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year to 30 April 2023 and derives from the provision of services falling within the company's ordinary activities.

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 - 33% on cost

Wide Blue Solutions Ltd (Registered number: 09560730)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the period 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 period 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.

Wide Blue Solutions Ltd (Registered number: 09560730)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023
and 31 October 2024 3,722
DEPRECIATION
At 1 May 2023 3,166
Charge for period 278
At 31 October 2024 3,444
NET BOOK VALUE
At 31 October 2024 278
At 30 April 2023 556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Trade debtors - 11,232
Directors' current accounts 4,000 -
VAT 11 -
4,011 11,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Trade creditors - 69
Tax 10,869 16,148
VAT - 8,148
Directors' current accounts - 3,802
Accruals and deferred income 1,785 1,785
12,654 29,952

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 30.4.23
value: £    £   
100 Ordinary 1 100 100