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REGISTERED NUMBER: 04891822 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Blue Portal Telecom Limited

Blue Portal Telecom Limited (Registered number: 04891822)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Blue Portal Telecom Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D J Dickens
Mr M Hodder





SECRETARY: Mrs S L Dickens





REGISTERED OFFICE: Rectifier House Newton Chambers Road
Thorncliffe Park
Sheffield
S35 2PH





REGISTERED NUMBER: 04891822 (England and Wales)





ACCOUNTANTS: Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Blue Portal Telecom Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Portal Telecom Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Blue Portal Telecom Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Portal Telecom Limited and state those matters that we have agreed to state to the Board of Directors of Blue Portal Telecom Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Portal Telecom Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Blue Portal Telecom Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Portal Telecom Limited. You consider that Blue Portal Telecom 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 financial statements of Blue Portal Telecom 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 financial statements.






Langricks (Holmfirth) Limited
4 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT


8 April 2025

Blue Portal Telecom Limited (Registered number: 04891822)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 106,226 127,488

CURRENT ASSETS
Stocks 2,140 3,898
Debtors 5 1,461,764 1,069,148
Cash at bank 645,067 945,389
2,108,971 2,018,435
CREDITORS
Amounts falling due within one year 6 645,616 669,191
NET CURRENT ASSETS 1,463,355 1,349,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,569,581

1,476,732

PROVISIONS FOR LIABILITIES 24,242 7,509
NET ASSETS 1,545,339 1,469,223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,545,239 1,469,123
1,545,339 1,469,223

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

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

Blue Portal Telecom Limited (Registered number: 04891822)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:




Mr D J Dickens - Director



Mr M Hodder - Director


Blue Portal Telecom Limited (Registered number: 04891822)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Blue Portal Telecom 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 for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing differences.

Blue Portal Telecom Limited (Registered number: 04891822)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 91,212 51,717 123,394 7,252 273,575
Additions - 2,230 24,851 - 27,081
Disposals - - (21,380 ) - (21,380 )
At 30 September 2024 91,212 53,947 126,865 7,252 279,276
DEPRECIATION
At 1 October 2023 70,554 23,402 46,107 6,024 146,087
Charge for year 11,401 7,247 17,476 694 36,818
Eliminated on disposal - - (9,855 ) - (9,855 )
At 30 September 2024 81,955 30,649 53,728 6,718 173,050
NET BOOK VALUE
At 30 September 2024 9,257 23,298 73,137 534 106,226
At 30 September 2023 20,658 28,315 77,287 1,228 127,488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 90,200 75,500
Other debtors 1,371,564 993,648
1,461,764 1,069,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 39,640 74,159
Taxation and social security 125,476 74,743
Other creditors 480,500 520,289
645,616 669,191

Blue Portal Telecom Limited (Registered number: 04891822)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 47,851 29,752
Between one and five years 63,573 21,761
111,424 51,513

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £84,000 were paid to the directors .

Entities over which the entity has control, joint control or significant influence:

The company received loan repayments amounting to £370,000 (2023: £115,944) from these entities.

At 30 September 2024 the company was owed £1,353,265 (2023: £983,244) by these entities, and the company owed these entities £218,917 (2023: £218,917), and is included within debtors and creditors respectively.

Directors:

During the year the directors introduced £88,505 into the company and withdrew £93,549.
At 30 September 2024, the company owed the directors £227 (2023: £5,271) which is included in creditors.

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors, and therefore no individual is in overall control of the company.