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REGISTERED NUMBER: 09109322 (England and Wales)






















Bluesky Chair Designs Limited

Unaudited Financial Statements for the Year Ended 30th June 2024






Bluesky Chair Designs Limited (Registered number: 09109322)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bluesky Chair Designs Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: Mrs S M Bolton
C P Bolton





REGISTERED OFFICE: 22a Caroline Street
Hull
East Yorkshire
HU2 8DY





REGISTERED NUMBER: 09109322 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Bluesky Chair Designs Limited (Registered number: 09109322)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,040 43,849

CURRENT ASSETS
Stocks 169,708 132,105
Debtors 5 235,249 108,494
Cash at bank and in hand 204,092 190,889
609,049 431,488
CREDITORS
Amounts falling due within one year 6 349,702 196,974
NET CURRENT ASSETS 259,347 234,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,387

278,363

CREDITORS
Amounts falling due after more than one
year

7

(9,615

)

(19,878

)

PROVISIONS FOR LIABILITIES (3,049 ) (7,800 )
NET ASSETS 286,723 250,685

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 286,623 250,585
286,723 250,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

Bluesky Chair Designs Limited (Registered number: 09109322)

Balance Sheet - continued
30th June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th February 2025 and were signed on its behalf by:





C P Bolton - Director


Bluesky Chair Designs Limited (Registered number: 09109322)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Bluesky Chair Designs 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 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.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Leasing
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

Bluesky Chair Designs Limited (Registered number: 09109322)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 27,846 69,794 97,640
Additions - 7,738 7,738
At 30th June 2024 27,846 77,532 105,378
DEPRECIATION
At 1st July 2023 - 53,791 53,791
Charge for year - 11,547 11,547
At 30th June 2024 - 65,338 65,338
NET BOOK VALUE
At 30th June 2024 27,846 12,194 40,040
At 30th June 2023 27,846 16,003 43,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 173,375 58,071
Amounts owed by group undertakings 50,423 50,423
Other debtors 11,451 -
235,249 108,494

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,267 10,013
Trade creditors 179,171 131,409
Taxation and social security 56,369 42,433
Other creditors 103,895 13,119
349,702 196,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,615 19,878

Bluesky Chair Designs Limited (Registered number: 09109322)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,631 24,000
Between one and five years 66,427 76,000
99,058 100,000

9. OTHER FINANCIAL COMMITMENTS

Within other creditors is an amount of £1,756 relating to pension contributions yet to be paid at the year end (2023 £1,602).