2022-10-01 2023-09-30 false Capium Accounts Production 1.1 12202730 2022-10-01 2023-09-30 12202730 bus:FullAccounts 2022-10-01 2023-09-30 12202730 bus:FRS102 2022-10-01 2023-09-30 12202730 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 12202730 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12202730 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12202730 2022-10-01 2023-09-30 12202730 2023-09-30 12202730 bus:RegisteredOffice 2022-10-01 2023-09-30 12202730 core:WithinOneYear 2023-09-30 12202730 core:AfterOneYear 2023-09-30 12202730 1 2022-10-01 2023-09-30 12202730 bus:Director1 2022-10-01 2023-09-30 12202730 bus:Director1 2023-09-30 12202730 bus:Director1 2021-10-01 2022-09-30 12202730 bus:Director2 2022-10-01 2023-09-30 12202730 bus:Director2 2023-09-30 12202730 bus:Director2 2021-10-01 2022-09-30 12202730 2021-10-01 12202730 bus:LeadAgentIfApplicable 2022-10-01 2023-09-30 12202730 2021-10-01 2022-09-30 12202730 2022-09-30 12202730 core:WithinOneYear 2022-09-30 12202730 core:AfterOneYear 2022-09-30 12202730 bus:EntityAccountantsOrAuditors 2021-10-01 2022-09-30 12202730 core:PlantMachinery 2022-10-01 2023-09-30 12202730 core:PlantMachinery 2023-09-30 12202730 core:PlantMachinery 2022-09-30 12202730 core:FurnitureFittings 2022-10-01 2023-09-30 12202730 core:FurnitureFittings 2023-09-30 12202730 core:FurnitureFittings 2022-09-30 12202730 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-09-30 12202730 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-09-30 12202730 core:CostValuation core:Non-currentFinancialInstruments 2023-09-30 12202730 core:CostValuation core:Non-currentFinancialInstruments 2022-09-30 12202730 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-09-30 12202730 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-09-30 12202730 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-09-30 12202730 core:Non-currentFinancialInstruments 2023-09-30 12202730 core:Non-currentFinancialInstruments 2022-09-30 12202730 core:ShareCapital 2023-09-30 12202730 core:ShareCapital 2022-09-30 12202730 core:RetainedEarningsAccumulatedLosses 2023-09-30 12202730 core:RetainedEarningsAccumulatedLosses 2022-09-30 12202730 dpl:Item1 2022-10-01 12202730 dpl:Item1 2023-09-30 12202730 dpl:Item1 2021-10-01 12202730 dpl:Item1 2022-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12202730
England and Wales

 

 

 

GREEK BLUE SEA LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
Directors Mr Christos Athanasacopulos
Mr Savvas Sfrantzis Sfrantzis
Registered Number 12202730
Registered Office 16 Hurst Street
Birmingham
B5 4BN
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 37,925    43,784 
37,925    43,784 
Current assets      
Stocks 4 6,520    4,280 
Debtors 5 178,307    79,828 
Cash at bank and in hand 28,402    69,325 
213,229    153,433 
Creditors: amount falling due within one year 6 (291,773)   (164,963)
Net current assets (78,544)   (11,530)
 
Total assets less current liabilities (40,619)   32,254 
Creditors: amount falling due after more than one year 7 (43,541)  
Provisions for liabilities 8 (9,481)  
Net assets (93,641)   32,254 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (93,741)   32,154 
Shareholders' funds (93,641)   32,254 
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 June 2025 and were signed on its behalf by:


-------------------------------
Mr Savvas Sfrantzis Sfrantzis
Director
2
General Information
Greek Blue Sea Ltd is a private company, limited by shares, registered in England and Wales, registration number 12202730, registration address 16 Hurst Street, Birmingham, B5 4BN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 10% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 9 (2022 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 October 2022 307    62,160    62,467 
Additions   431    431 
Disposals    
At 30 September 2023 307    62,591    62,898 
Depreciation
At 01 October 2022 18,683      18,683 
Charge for year 6,290      6,290 
On disposals    
At 30 September 2023 24,973      24,973 
Net book values
Closing balance as at 30 September 2023 (24,666)   62,591    37,925 
Opening balance as at 01 October 2022 214    43,570    43,784 


4.

Stocks

2023
£
  2022
£
Stocks 6,520    4,280 
6,520    4,280 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 13,144    12,500 
Other Debtors 78,790    39,241 
Directors' Current Accounts 86,373    28,087 
178,307    79,828 
The director's overdrawn account was cleared before the due date for the payment of the corporation tax.


6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 99,127    10,120 
Bank Loans & Overdrafts   50,127 
Corporation Tax 22,598    18,185 
PAYE & Social Security 29,255    24,700 
Accrued Expenses 3,529   
VAT 137,264    61,831 
291,773    164,963 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 43,541   
43,541   

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 9,481   
9,481   

3