Registered number
07926043
Blue Sky CAD Limited
Unaudited Filleted Accounts
31 January 2025
Blue Sky CAD Limited
Company Information
Directors
Mr M J Burnett
Mrs S Burnett
Accountants
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Bankers
Barclays Bank Plc
Leicester
Leicestershire
LE87 2BB
Registered office
203 Sandy Lane
Farnborough
Hampshire
GU14 9LA
Registered number
07926043
Blue Sky CAD Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Blue Sky CAD Limited for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Blue Sky CAD Limited for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/ en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Blue Sky CAD Limited, as a body, in accordance with the terms of our engagement letter dated 17 March 2025. Our work has been undertaken solely to prepare for your approval the accounts of Blue Sky CAD Limited and state those matters that we have agreed to state to the Board of Directors of Blue Sky CAD Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Sky CAD Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Blue Sky CAD Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Blue Sky CAD Limited. You consider that Blue Sky CAD Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Blue Sky CAD Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
19 March 2025
Blue Sky CAD Limited
Registered number: 07926043
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 2,209 2,912
Current assets
Debtors 4 50,216 25,596
Cash at bank and in hand 129,129 107,857
179,345 133,453
Creditors: amounts falling due within one year 5 (46,245) (29,393)
Net current assets 133,100 104,060
Total assets less current liabilities 135,309 106,972
Creditors: amounts falling due after more than one year 6 (4,000) (12,000)
Provisions for liabilities (552) (728)
Net assets 130,757 94,244
Capital and reserves
Called up share capital 100 100
Profit and loss account 130,657 94,144
Shareholders' funds 130,757 94,244
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M J Burnett
Director
Approved by the board on 19 March 2025
Blue Sky CAD Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 14,786
Additions 799
Disposals (279)
At 31 January 2025 15,306
Depreciation
At 1 February 2024 11,874
Charge for the year 1,502
On disposals (279)
At 31 January 2025 13,097
Net book value
At 31 January 2025 2,209
At 31 January 2024 2,912
4 Debtors 2025 2024
£ £
Trade debtors 32,925 18,914
Other debtors 17,291 6,682
50,216 25,596
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 8,000 8,000
Trade creditors 2,540 3,918
Taxation and social security costs 34,289 16,371
Other creditors 1,416 1,104
46,245 29,393
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 4,000 12,000
7 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 12,000 20,000
The loan is a Bounce Back Loan from Barclays Bank plc and is guaranteed by the UK Government. The loan has a fixed rate of interest at 2.5% and the interest due in the first 12 months will be covered by a Business Interruption Payment.
8 Other information
Blue Sky CAD Limited is a private company limited by shares and incorporated in England. Its registered office is:
203 Sandy Lane
Farnborough
Hampshire
GU14 9LA
The financial statements are presented in Sterling, which is the functional currency of the company.
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