Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30falseNo description of principal activity2023-12-0111falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11440152 2023-12-01 2024-11-30 11440152 2022-12-01 2023-11-30 11440152 2024-11-30 11440152 2023-11-30 11440152 c:Director1 2023-12-01 2024-11-30 11440152 d:ComputerSoftware 2024-11-30 11440152 d:ComputerSoftware 2023-11-30 11440152 d:CurrentFinancialInstruments 2024-11-30 11440152 d:CurrentFinancialInstruments 2023-11-30 11440152 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11440152 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11440152 d:ShareCapital 2024-11-30 11440152 d:ShareCapital 2023-11-30 11440152 d:RetainedEarningsAccumulatedLosses 2024-11-30 11440152 d:RetainedEarningsAccumulatedLosses 2023-11-30 11440152 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11440152 c:OrdinaryShareClass1 2024-11-30 11440152 c:OrdinaryShareClass1 2023-11-30 11440152 c:FRS102 2023-12-01 2024-11-30 11440152 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 11440152 c:FullAccounts 2023-12-01 2024-11-30 11440152 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11440152 d:ComputerSoftware d:OwnedIntangibleAssets 2023-12-01 2024-11-30 11440152 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 11440152














SOMETHING BLUE LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 NOVEMBER 2024

 
SOMETHING BLUE LTD
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
SOMETHING BLUE LTD
REGISTERED NUMBER:11440152

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
1,897

Current assets
  

Stocks
 5 
31,684
23,117

Debtors: amounts falling due within one year
 6 
899
1,017

Bank and cash balances
  
18,581
15,680

  
51,164
39,814

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(226,897)
(166,564)

Net current liabilities
  
 
 
(175,733)
 
 
(126,750)

  

Net liabilities
  
(175,733)
(124,853)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(175,833)
(124,953)

  
(175,733)
(124,853)


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 March 2025.



C Ostro
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
SOMETHING BLUE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Something Blue Ltd is a limited liability company registered in England and Wales. Its registered office address is at 77-79 Charlotte Street, London, W1T 4PW.
The principal activity of the Company during the year was that of online jewellery sales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Company made a loss for the year and at the balance sheet has net current liabilities and net lliabilities. Assurance has been obtained from the director and shareholder that funds will be made available to the Company so that it will be able to carry on trading and meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have been prepared under going concern on this basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ Sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 2

 
SOMETHING BLUE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
SOMETHING BLUE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.8

Basic Financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management.


3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Intangible assets




Website costs

£



Cost


At 1 December 2023
15,170



At 30 November 2024

15,170



Amortisation


At 1 December 2023
13,275


Charge for the year on owned assets
1,895



At 30 November 2024

15,170



Net book value



At 30 November 2024
-



At 30 November 2023
1,896



Page 4

 
SOMETHING BLUE LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Stocks

2024
2023
£
£

Finished goods
31,684
23,117



6.


Debtors

2024
2023
£
£


Other debtors
899
805

Prepayments and accrued income
-
212

899
1,017



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,721
4,564

Other creditors
221,126
160,075

Accruals and deferred income
2,050
1,925

226,897
166,564



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares shares of £1.00 each
100
100


 
Page 5