REGISTERED NUMBER: |
Financial Statements For The Year Ended 31 August 2024 |
for |
Reflex Blue Limited |
REGISTERED NUMBER: |
Financial Statements For The Year Ended 31 August 2024 |
for |
Reflex Blue Limited |
Reflex Blue Limited (Registered number: SC231586) |
Contents of the Financial Statements |
For The Year Ended 31 August 2024 |
Page |
Company Information | 1 |
Abridged Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Reflex Blue Limited |
Company Information |
For The Year Ended 31 August 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Regent Court |
70 West Regent Street |
Glasgow |
G2 2QZ |
Reflex Blue Limited (Registered number: SC231586) |
Abridged Statement of Financial Position |
31 August 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Reflex Blue Limited (Registered number: SC231586) |
Abridged Statement of Financial Position - continued |
31 August 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Reflex Blue Limited (Registered number: SC231586) |
Notes to the Financial Statements |
For The Year Ended 31 August 2024 |
1. | STATUTORY INFORMATION |
Reflex Blue Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Reflex Blue Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to the date based on a proportion of the total contract value. |
Tangible fixed assets |
Fixed plant and equipment | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
Reflex Blue Limited (Registered number: SC231586) |
Notes to the Financial Statements - continued |
For The Year Ended 31 August 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Current or deferred taxation assets and liabilities are not discounted. |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2023 |
Additions |
Disposals | ( |
) |
At 31 August 2024 |
DEPRECIATION |
At 1 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
At 31 August 2023 |
Reflex Blue Limited (Registered number: SC231586) |
Notes to the Financial Statements - continued |
For The Year Ended 31 August 2024 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 September 2023 |
and 31 August 2024 | 500 |
NET BOOK VALUE |
At 31 August 2024 | 500 |
At 31 August 2023 | 500 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Associated company |
Registered office: 307 West George Street, Glasgow, Scotland, G2 4LF |
Nature of business: |
% |
Class of shares: | holding |
6. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
7. | RELATED PARTY DISCLOSURES |
At the year end there was an amount due from Cadre Limited, a company in which Reflex Blue Limited has a shareholding, of £94,850. At the previous year end a balance of £64,893 was due from the company. |
At the year end there was an amount due from Glenfarg Partnership Limited, a company in which Reflex Blue Limited has a shareholding, of £276,552 (2023: £299,834). Reflex Blue Limited made a £75,000 provision as the directors concluded the full advance was unlikely to be recovered. |
At the year end there was an amount due from Skye Luxury Lodges Limited, a company in which C Docherty is a director, of £20,900 (2023: £20,900). |