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Company Registration No. 10908716 (England and Wales)
BLUEWATER GROUP EUROPE LTD Unaudited accounts for the year ended 31 August 2024
BLUEWATER GROUP EUROPE LTD Unaudited accounts Contents
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BLUEWATER GROUP EUROPE LTD Company Information for the year ended 31 August 2024
Directors
ASAD WAHID ABDUL WAHID
Company Number
10908716 (England and Wales)
Registered Office
30 FRITHWOOD AVENUE NORTHWOOD MIDDLESEX HA6 3LU ENGLAND
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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BLUEWATER GROUP EUROPE LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,591 
2,879 
Current assets
Inventories
362,814 
218,466 
Debtors
32,202 
57,684 
Cash at bank and in hand
262,208 
241,714 
657,224 
517,864 
Creditors: amounts falling due within one year
(604,402)
(472,382)
Net current assets
52,822 
45,482 
Total assets less current liabilities
55,413 
48,361 
Creditors: amounts falling due after more than one year
(17,500)
(27,500)
Net assets
37,913 
20,861 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
37,911 
20,859 
Shareholders' funds
37,913 
20,861 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 24 May 2025 and were signed on its behalf by
ASAD WAHID Director Company Registration No. 10908716
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BLUEWATER GROUP EUROPE LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
BLUEWATER GROUP EUROPE LTD is a private company, limited by shares, registered in England and Wales, registration number 10908716. The registered office is 30 FRITHWOOD AVENUE, NORTHWOOD, MIDDLESEX, HA6 3LU, 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:
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
3,199 
At 31 August 2024
3,199 
Depreciation
At 1 September 2023
320 
Charge for the year
288 
At 31 August 2024
608 
Net book value
At 31 August 2024
2,591 
At 31 August 2023
2,879 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,635 
870 
Accrued income and prepayments
- 
38,111 
Other debtors
28,567 
18,703 
32,202 
57,684 
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BLUEWATER GROUP EUROPE LTD Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
65,708 
51,538 
Trade creditors
415,118 
247,719 
Taxes and social security
31,956 
41,940 
Other creditors
70,072 
47,035 
Loans from directors
21,548 
82,465 
Accruals
- 
1,685 
604,402 
472,382 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,500 
27,500 
8
Average number of employees
During the year the average number of employees was 81 (2023: 91).
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