Registered number
07753280
Bluelight Consultancy Limited
Unaudited Filleted Accounts
31 August 2024
Bluelight Consultancy Limited
Registered number: 07753280
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 20,169 19,364
Current assets
Debtors 4 131,372 81,442
Cash at bank and in hand 23,550 1,407
154,922 82,849
Creditors: amounts falling due within one year 5 (128,910) (39,285)
Net current assets 26,012 43,564
Total assets less current liabilities 46,181 62,928
Creditors: amounts falling due after more than one year 6 (41,019) (59,096)
Provisions for liabilities (5,042) (4,841)
Net assets/(liabilities) 120 (1,009)
Capital and reserves
Called up share capital 21 21
Profit and loss account 99 (1,030)
Shareholders' funds 120 (1,009)
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.
Brendan O'Brien
Director
Approved by the board on 29 May 2025
Bluelight Consultancy Limited
Notes to the Accounts
for the year ended 31 August 2024
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 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.
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:
Freehold buildings over 50 years
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 20,168 10,500 30,668
Additions - 1,975 1,975
Disposals - (1,366) (1,366)
At 31 August 2024 20,168 11,109 31,277
Depreciation
At 1 September 2023 1,383 9,921 11,304
Charge for the year 856 314 1,170
On disposals - (1,366) (1,366)
At 31 August 2024 2,239 8,869 11,108
Net book value
At 31 August 2024 17,929 2,240 20,169
At 31 August 2023 18,785 579 19,364
4 Debtors 2024 2023
£ £
Other debtors 131,372 81,442
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 33,094 9,545
Trade creditors 20 370
Taxation and social security costs 95,612 29,310
Other creditors 184 60
128,910 39,285
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 41,019 59,096
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Brendan O'Brien (67,985) (225,304) 181,009 (112,280)
(67,985) (225,304) 181,009 (112,280)
At year end the director owed £112,280. As of date of signing a total of £50,000 has been repaid.
8 Other information
Bluelight Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Booths Hall Business Park
Chelford Road
Knutsford
Cheshire
WA16 8QZ
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