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Company Registration No. 13899481 (England and Wales)
Blue Wholesale Limited Unaudited accounts for the year ended 29 February 2024
Blue Wholesale Limited Unaudited accounts Contents
Page
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Blue Wholesale Limited Company Information for the year ended 29 February 2024
Director
Alan John Mahaffy
Company Number
13899481 (England and Wales)
Registered Office
35 Dalebrook Close Liverpool L25 2YW England
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Blue Wholesale Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
104,000 
117,000 
Current assets
Inventories
15,630 
97,012 
Debtors
12,895 
65,905 
Cash at bank and in hand
- 
69,554 
28,525 
232,471 
Creditors: amounts falling due within one year
(152,518)
(157,932)
Net current (liabilities)/assets
(123,993)
74,539 
Total assets less current liabilities
(19,993)
191,539 
Creditors: amounts falling due after more than one year
(227,162)
(100,000)
Net (liabilities)/assets
(247,155)
91,539 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(247,156)
91,538 
Shareholders' funds
(247,155)
91,539 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 March 2024 and were signed on its behalf by
Alan John Mahaffy Director Company Registration No. 13899481
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Blue Wholesale Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Blue Wholesale Limited is a private company, limited by shares, registered in England and Wales, registration number 13899481. The registered office is 35 Dalebrook Close, , Liverpool, L25 2YW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
130,000 
At 29 February 2024
130,000 
Depreciation
At 1 March 2023
13,000 
Charge for the year
13,000 
At 29 February 2024
26,000 
Net book value
At 29 February 2024
104,000 
At 28 February 2023
117,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,895 
65,905 
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Blue Wholesale Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,548 
18,366 
Obligations under finance leases and hire purchase contracts
28,920 
24,910 
Trade creditors
(15,620)
23,716 
Taxes and social security
28,600 
23,495 
Other creditors
47,860 
34,019 
Loans from directors
24,320 
17,923 
Accruals
16,890 
15,503 
152,518 
157,932 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
120,000 
100,000 
Trade creditors
107,162 
- 
227,162 
100,000 
8
Average number of employees
During the year the average number of employees was 12 (2023: 12).
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