REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 September 2024 |
for |
Blue Sky Facilities UK Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 September 2024 |
for |
Blue Sky Facilities UK Ltd |
Blue Sky Facilities UK Ltd (Registered number: 05950000) |
Contents of the Financial Statements |
for the year ended 29 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Blue Sky Facilities UK Ltd |
Company Information |
for the year ended 29 September 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 1, First Floor |
Coachworks Arcade |
Northgate Street |
Chester |
Cheshire |
CH1 2EY |
Blue Sky Facilities UK Ltd (Registered number: 05950000) |
Balance Sheet |
29 September 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Blue Sky Facilities UK Ltd (Registered number: 05950000) |
Notes to the Financial Statements |
for the year ended 29 September 2024 |
1. | STATUTORY INFORMATION |
Blue Sky Facilities UK Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover and other income |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Revenue from the sale of goods is recognised when all of the following conditions are satisfied: |
- the company has transferred all the significant risks and rewards of ownership of the goods to the buyer; |
- the company retains neither continuing managerial involvement, nor effective control, over the goods to the degree usually associated with ownership; |
- the amount of the revenue can be reliably measured; |
- it is probable (ie, more likely than not) that the economic benefits associated with the sale will flow to the entity; and |
- the costs (to be) incurred in respect of the transaction can be reliably measured. |
Turnover is recognised on despatch of goods which is the point at which the company transfers the significant risks and rewards of ownership of the goods to the customer. The company retains legal title of the goods until the customer pays, but this does not constitute a retention of the significant risks and rewards of ownership. |
Amounts received in advance of shipping goods to customers are recognised as deferred income and presented within creditors: amounts falling due within one year. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, has been written off in full in order to ensure the accounts are compliant with FRS 102. Previously it was being amortised evenly over its estimated useful life of ten years. |
Goodwill purchased in respect of the acquisition of an additional franchise area, is being written off evenly over its estimated useful life of five years. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Blue Sky Facilities UK Ltd (Registered number: 05950000) |
Notes to the Financial Statements - continued |
for the year ended 29 September 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Going concern |
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 30 September 2023 |
and 29 September 2024 |
AMORTISATION |
At 30 September 2023 |
and 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 30 September 2023 |
and 29 September 2024 |
DEPRECIATION |
At 30 September 2023 |
Charge for year |
At 29 September 2024 |
NET BOOK VALUE |
At 29 September 2024 |
At 29 September 2023 |
Blue Sky Facilities UK Ltd (Registered number: 05950000) |
Notes to the Financial Statements - continued |
for the year ended 29 September 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the year ended 29 September 2024 and the period ended 29 September 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
The director's loan is interest free and repayable upon demand. |