Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-3096The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-10-01falseIT implementation and support96truetruefalse 05569666 2023-10-01 2024-09-30 05569666 2022-10-01 2023-09-30 05569666 2024-09-30 05569666 2023-09-30 05569666 c:Director1 2023-10-01 2024-09-30 05569666 d:Buildings d:ShortLeaseholdAssets 2023-10-01 2024-09-30 05569666 d:Buildings d:ShortLeaseholdAssets 2024-09-30 05569666 d:Buildings d:ShortLeaseholdAssets 2023-09-30 05569666 d:PlantMachinery 2023-10-01 2024-09-30 05569666 d:PlantMachinery 2024-09-30 05569666 d:PlantMachinery 2023-09-30 05569666 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569666 d:MotorVehicles 2023-10-01 2024-09-30 05569666 d:MotorVehicles 2024-09-30 05569666 d:MotorVehicles 2023-09-30 05569666 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569666 d:FurnitureFittings 2023-10-01 2024-09-30 05569666 d:FurnitureFittings 2024-09-30 05569666 d:FurnitureFittings 2023-09-30 05569666 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569666 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 05569666 d:OtherPropertyPlantEquipment 2024-09-30 05569666 d:OtherPropertyPlantEquipment 2023-09-30 05569666 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569666 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05569666 d:CurrentFinancialInstruments 2024-09-30 05569666 d:CurrentFinancialInstruments 2023-09-30 05569666 d:Non-currentFinancialInstruments 2024-09-30 05569666 d:Non-currentFinancialInstruments 2023-09-30 05569666 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05569666 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05569666 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 05569666 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 05569666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 05569666 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 05569666 d:ShareCapital 2024-09-30 05569666 d:ShareCapital 2023-09-30 05569666 d:SharePremium 2024-09-30 05569666 d:SharePremium 2023-09-30 05569666 d:CapitalRedemptionReserve 2024-09-30 05569666 d:CapitalRedemptionReserve 2023-09-30 05569666 d:RetainedEarningsAccumulatedLosses 2024-09-30 05569666 d:RetainedEarningsAccumulatedLosses 2023-09-30 05569666 c:FRS102 2023-10-01 2024-09-30 05569666 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05569666 c:FullAccounts 2023-10-01 2024-09-30 05569666 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05569666 d:HirePurchaseContracts d:WithinOneYear 2024-09-30 05569666 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 05569666 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-09-30 05569666 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 05569666 2 2023-10-01 2024-09-30 05569666 6 2023-10-01 2024-09-30 05569666 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 05569666 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 05569666 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05569666









BLUE FRONTIER IT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BLUE FRONTIER IT LIMITED
REGISTERED NUMBER: 05569666

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
381,957
296,982

Investments
 5 
1
1

  
381,958
296,983

Current assets
  

Stocks
 6 
546,575
718,055

Debtors: amounts falling due within one year
 7 
2,109,949
1,827,216

Cash at bank and in hand
 8 
379,640
696,052

  
3,036,164
3,241,323

Creditors: amounts falling due within one year
 9 
(756,298)
(1,006,476)

Net current assets
  
 
 
2,279,866
 
 
2,234,847

Total assets less current liabilities
  
2,661,824
2,531,830

Creditors: amounts falling due after more than one year
 10 
(147,322)
(61,128)

  

Net assets
  
2,514,502
2,470,702


Capital and reserves
  

Called up share capital 
  
2,100
2,100

Share premium account
  
11,989
11,989

Capital redemption reserve
  
25
25

Profit and loss account
  
2,500,388
2,456,588

  
2,514,502
2,470,702


Page 1

 
BLUE FRONTIER IT LIMITED
REGISTERED NUMBER: 05569666
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 June 2025.




................................................
James Fry
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Blue Frontier IT Limited is a private company limited by share capital incorporated in England and Wales. The principal activity of the Company is that of a full, end-to-end digital, IT and development agency working in web, mobile and application design and development, digital and content marketing, e-strategy and IT infrastructure implementation and support. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

Page 5

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Integral features
-
25% reducing balance
Software
-
not depreciated
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 6

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 96 (2023 - 96).

Page 7

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Integral features
Software
Motor vehicles
Fixtures and fittings
Office equipment

£
£
£
£
£



Cost or valuation


At 1 October 2023
15,276
101,509
121,783
152,537
333,382


Additions
-
5,000
141,437
18,662
27,093


Disposals
-
-
(50,000)
-
-



At 30 September 2024

15,276
106,509
213,220
171,199
360,475



Depreciation


At 1 October 2023
13,237
2,290
54,158
125,478
232,342


Charge for the year on owned assets
510
-
48,311
11,429
31,147


Disposals
-
-
(34,180)
-
-



At 30 September 2024

13,747
2,290
68,289
136,907
263,489



Net book value



At 30 September 2024
1,529
104,219
144,931
34,292
96,986



At 30 September 2023
2,039
99,219
67,625
27,059
101,040
Page 8

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 October 2023
724,487


Additions
192,192


Disposals
(50,000)



At 30 September 2024

866,679



Depreciation


At 1 October 2023
427,505


Charge for the year on owned assets
91,397


Disposals
(34,180)



At 30 September 2024

484,722



Net book value



At 30 September 2024
381,957



At 30 September 2023
296,982

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
142,972
65,012

Page 9

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
1



At 30 September 2024
1





6.


Stocks

2024
2023
£
£

Work in progress
536,625
708,105

Finished goods and goods for resale
9,950
9,950

546,575
718,055



7.


Debtors

2024
2023
£
£


Trade debtors
1,389,811
1,425,801

Amounts owed by joint ventures and associated undertakings
640
479

Other debtors
578,719
225,671

Prepayments and accrued income
140,779
175,265

2,109,949
1,827,216


Included within other debtors are directors' loans to James Fry of £28,968 (2023 - £5,257 in other creditors); Luke Harrington of £28,570 (2023 - £5,404 in other creditors); Michael Bunn of £6,962 (2023 - £2,014 in other creditors) and Marc Whittingham of £738 (2023 - £738).



Page 10

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
379,640
696,052



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,553
10,730

Payments received on account
6,938
16,591

Trade creditors
120,225
121,946

Corporation tax
63,095
168,396

Other taxation and social security
482,865
536,283

Obligations under finance lease and hire purchase contracts
23,093
42,036

Other creditors
5,416
15,907

Accruals and deferred income
44,113
94,587

756,298
1,006,476


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
23,093
42,036

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured on the relevant assets. 

Page 11

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,113
15,937

Net obligations under finance leases and hire purchase contracts
141,209
45,191

147,322
61,128


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
141,209
45,191

Details of security provided:

Net obligations under finance leases and hire purchase contracts are secured on the relevant assets. 


11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,553
10,730


Amounts falling due 2-5 years

Bank loans
6,113
15,937


16,666
26,667


Page 12

 
BLUE FRONTIER IT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
23,093
42,036

Between 1-5 years
141,209
45,191

164,302
87,227


13.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £133,627 (2023 - £125,828). 


14.


Controlling party

There is no overall controlling party. 

 
Page 13