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REGISTERED NUMBER: SC315758 (Scotland)




















Blues & Greens Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025






Blues & Greens Limited (Registered number: SC315758)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blues & Greens Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr B J Ross
Mrs G P Ross
Mr A T Ross





SECRETARY: Mrs G P Ross





REGISTERED OFFICE: Unit 14, Mill Walk Business Park
Tantallon Road
North Berwick
East Lothian
EH39 5NB





REGISTERED NUMBER: SC315758 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Blues & Greens Limited (Registered number: SC315758)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 4 138,459 83,559
Cash at bank 1 9
138,460 83,568
CREDITORS
Amounts falling due within one year 5 89,149 66,271
NET CURRENT ASSETS 49,311 17,297
TOTAL ASSETS LESS CURRENT LIABILITIES 49,311 17,297

CAPITAL AND RESERVES
Called up share capital 3 3
Share premium 8,332 8,332
Retained earnings 40,976 8,962
SHAREHOLDERS' FUNDS 49,311 17,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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.

Blues & Greens Limited (Registered number: SC315758)

Balance Sheet - continued
31 March 2025


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





Mr B J Ross - Director


Blues & Greens Limited (Registered number: SC315758)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Blues & Greens Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover and revenue recognition
Turnover represents sales and commissions earned on sale of artworks, excluding value added tax. Turnover is recognised when the goods are supplied to the customer.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS 102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise other debtors. Financial liabilities compromise accruals and other creditors.

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.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade in the foreseeable future. In order to do so the company will require the continued support of its directors. The directors will continue to support the company and are confident of the continued support of the bank and other creditors.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Blues & Greens Limited (Registered number: SC315758)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by parent undertaking 135,821 56,748
Other debtors 2,638 26,811
138,459 83,559

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 23,348 13,723
Taxation and social security 31,837 51,348
Other creditors 33,964 1,200
89,149 66,271

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr B J Ross
Balance outstanding at start of year 12,087 3,908
Amounts advanced - 8,384
Amounts repaid (28,338 ) (205 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,251 ) 12,087

Blues & Greens Limited (Registered number: SC315758)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs G P Ross
Balance outstanding at start of year 12,087 3,908
Amounts advanced - 8,179
Amounts repaid (28,338 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,251 ) 12,087

The loan is unsecured and has no set repayment date. Interest has been charged at 2.25%.

7. ULTIMATE CONTROLLING PARTY

The controlling party was Greens & Blues Limited (registered office 59 High Street, North Berwick, East Lothian, EH39 4HG).