3 3 Blue Data Security Ltd 09037205 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Other information technology service activities Digita Accounts Production Advanced 6.30.9574.0 true 09037205 2023-06-01 2024-05-31 09037205 2024-05-31 09037205 core:CurrentFinancialInstruments 2024-05-31 09037205 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09037205 core:FurnitureFittingsToolsEquipment 2024-05-31 09037205 bus:SmallEntities 2023-06-01 2024-05-31 09037205 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09037205 bus:FullAccounts 2023-06-01 2024-05-31 09037205 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09037205 bus:RegisteredOffice 2023-06-01 2024-05-31 09037205 bus:Director1 2023-06-01 2024-05-31 09037205 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09037205 core:ComputerEquipment 2023-06-01 2024-05-31 09037205 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 09037205 countries:EnglandWales 2023-06-01 2024-05-31 09037205 2023-05-31 09037205 core:FurnitureFittingsToolsEquipment 2023-05-31 09037205 2022-06-01 2023-05-31 09037205 2023-05-31 09037205 core:CurrentFinancialInstruments 2023-05-31 09037205 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09037205 core:FurnitureFittingsToolsEquipment 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 09037205

Blue Data Security Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Blue Data Security Ltd

(Registration number: 09037205)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

160.00

214.00

Current assets

 

Debtors

6

1.00

0.00

Cash at bank and in hand

 

903.00

1,878.00

 

904.00

1,878.00

Creditors: Amounts falling due within one year

7

-802.00

-1,306.00

Net current assets

 

102.00

572.00

Net assets

 

262.00

786.00

Capital and reserves

 

Called up share capital

100.00

100.00

Retained earnings

162.00

686.00

Shareholders' funds

 

262.00

786.00

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
P Brain
Director

 

Blue Data Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Freemantle Business Centre
152 Millbrook Road East
Southampton
SO15 1JR

These financial statements were authorised for issue by the Board on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 and generates taxable income.

 

Blue Data Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Blue Data Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

54.00

72.00

 

Blue Data Security Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

905.00

905.00

At 31 May 2024

905.00

905.00

Depreciation

At 1 June 2023

691.00

691.00

Charge for the year

54.00

54.00

At 31 May 2024

745.00

745.00

Carrying amount

At 31 May 2024

160.00

160.00

At 31 May 2023

214.00

214.00

6

Debtors

Current

2024
£

2023
£

Other debtors

1.00

0.00

 

1.00

0.00

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

0.00

160.00

Accruals and deferred income

290.00

275.00

Other creditors

512.00

871.00

802.00

1,306.00