Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Colin Richard Harper 18/12/2006 Robert James Sanger 18/10/2000 18 March 2025 The principal activity of the company during the financial year was to be the design, production, publication and sale of its calendars, greeting cards, postcards and photo prints featuring images of Cornwall, the Isles of Scilly, the English Lake District and the Highlands and Hebrides in Scotland. All the company's publications feature the photography of Robert Sanger whose images are used under license and whose pictures also comprise the Company's picture library. 04035277 2024-07-31 04035277 bus:Director1 2024-07-31 04035277 bus:Director2 2024-07-31 04035277 2023-07-31 04035277 core:CurrentFinancialInstruments 2024-07-31 04035277 core:CurrentFinancialInstruments 2023-07-31 04035277 core:ShareCapital 2024-07-31 04035277 core:ShareCapital 2023-07-31 04035277 core:RetainedEarningsAccumulatedLosses 2024-07-31 04035277 core:RetainedEarningsAccumulatedLosses 2023-07-31 04035277 core:PatentsTrademarksLicencesConcessionsSimilar 2023-07-31 04035277 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-07-31 04035277 core:PatentsTrademarksLicencesConcessionsSimilar 2024-07-31 04035277 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-07-31 04035277 core:ToolsEquipment 2023-07-31 04035277 core:ComputerEquipment 2023-07-31 04035277 core:ToolsEquipment 2024-07-31 04035277 core:ComputerEquipment 2024-07-31 04035277 bus:OrdinaryShareClass1 2024-07-31 04035277 2023-08-01 2024-07-31 04035277 bus:FilletedAccounts 2023-08-01 2024-07-31 04035277 bus:SmallEntities 2023-08-01 2024-07-31 04035277 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04035277 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04035277 bus:Director1 2023-08-01 2024-07-31 04035277 bus:Director2 2023-08-01 2024-07-31 04035277 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2023-08-01 2024-07-31 04035277 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-08-01 2024-07-31 04035277 core:ToolsEquipment core:TopRangeValue 2023-08-01 2024-07-31 04035277 core:ComputerEquipment core:TopRangeValue 2023-08-01 2024-07-31 04035277 core:ComputerEquipment 2023-08-01 2024-07-31 04035277 2022-08-01 2023-07-31 04035277 core:PatentsTrademarksLicencesConcessionsSimilar 2023-08-01 2024-07-31 04035277 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-08-01 2024-07-31 04035277 core:ToolsEquipment 2023-08-01 2024-07-31 04035277 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 04035277 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04035277 (England and Wales)

BLUE PLANET IMAGES CO LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

BLUE PLANET IMAGES CO LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

BLUE PLANET IMAGES CO LIMITED

BALANCE SHEET

As at 31 July 2024
BLUE PLANET IMAGES CO LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,739 2,737
Tangible assets 4 27 36
1,766 2,773
Current assets
Stocks 15,949 15,636
Debtors 5 354 1,061
Cash at bank and in hand 6 1,413 1,622
17,716 18,319
Creditors: amounts falling due within one year 7 ( 261,895) ( 261,120)
Net current liabilities (244,179) (242,801)
Total assets less current liabilities (242,413) (240,028)
Net liabilities ( 242,413) ( 240,028)
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account ( 242,414 ) ( 240,029 )
Total shareholder's deficit ( 242,413) ( 240,028)

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Blue Planet Images Co Limited (registered number: 04035277) were approved and authorised for issue by the Board of Directors on 18 March 2025. They were signed on its behalf by:

Robert James Sanger
Director
BLUE PLANET IMAGES CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
BLUE PLANET IMAGES CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blue Planet Images Co Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom. The principal place of business is Buckland House 9 Treffy Road, Truro, Cornwall, TR1 1WL, 39 Treffy Road, Truro, Cornwall, TR1 1WL.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences 10 years straight line
Website costs 4 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Tools and equipment 5 years straight line
Computer equipment 3 years straight line
25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Intangible assets

Trademarks, patents
and licences
Website costs Total
£ £ £
Cost
At 01 August 2023 4,707 11,730 16,437
At 31 July 2024 4,707 11,730 16,437
Accumulated amortisation
At 01 August 2023 2,720 10,980 13,700
Charge for the financial year 248 750 998
At 31 July 2024 2,968 11,730 14,698
Net book value
At 31 July 2024 1,739 0 1,739
At 31 July 2023 1,987 750 2,737

4. Tangible assets

Tools and equipment Computer equipment Total
£ £ £
Cost
At 01 August 2023 242 3,767 4,009
At 31 July 2024 242 3,767 4,009
Accumulated depreciation
At 01 August 2023 242 3,731 3,973
Charge for the financial year 0 9 9
At 31 July 2024 242 3,740 3,982
Net book value
At 31 July 2024 0 27 27
At 31 July 2023 0 36 36

5. Debtors

2024 2023
£ £
Trade debtors 354 1,061

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 1,413 1,622

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 156 314
Other creditors 261,739 260,806
261,895 261,120

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary shares share of £ 1.00 1 1