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Registration number: 08218706

Blue Tongue Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 November 2024

 

Blue Tongue Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Blue Tongue Limited

Company Information

Director

Mr N S Darke

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Blue Tongue Limited

(Registration number: 08218706)
Balance Sheet as at 29 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

98,873

140,192

Investments

5

101

101

 

98,974

140,293

Current assets

 

Stocks

6

280,000

-

Debtors

7

428,974

330,819

Cash at bank and in hand

 

130,931

271,532

 

839,905

602,351

Creditors: Amounts falling due within one year

8

(372,660)

(204,076)

Net current assets

 

467,245

398,275

Total assets less current liabilities

 

566,219

538,568

Creditors: Amounts falling due after more than one year

8

(17,578)

(33,467)

Provisions for liabilities

(13,676)

(26,636)

Net assets

 

534,965

478,465

Capital and reserves

 

Called up share capital

100

100

Retained earnings

534,865

478,365

Shareholders' funds

 

534,965

478,465

 

Blue Tongue Limited

(Registration number: 08218706)
Balance Sheet as at 29 November 2024

For the financial year ending 29 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 20 June 2025
 

.........................................
Mr N S Darke
Director

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

The principal place of business is:
The Courtyard
2 London Road
Newbury
Berkshire
RG14 0JX
England

These financial statements were authorised for issue by the director on 20 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency of these financial statements is pound sterling, rounded to the nearest whole number.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Office Equipment

25% Reducing Balance

Fixtures & Fittings

25% Reducing Balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 6).

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 30 November 2023

29,257

214,612

33,135

277,004

Additions

-

-

4,425

4,425

Disposals

-

(42,166)

-

(42,166)

At 29 November 2024

29,257

172,446

37,560

239,263

Depreciation

At 30 November 2023

20,782

96,578

19,452

136,812

Charge for the year

2,119

26,313

4,527

32,959

Eliminated on disposal

-

(29,381)

-

(29,381)

At 29 November 2024

22,901

93,510

23,979

140,390

Carrying amount

At 29 November 2024

6,356

78,936

13,581

98,873

At 29 November 2023

8,475

118,034

13,683

140,192

5

Investments

2024
£

2023
£

Investments in subsidiaries

101

101

6

Stocks

2024
£

2023
£

Work in progress

280,000

-

7

Debtors

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

Current

2024
£

2023
£

Trade debtors

118,925

-

Prepayments

15,093

11,330

Other debtors

294,956

319,489

 

428,974

330,819

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

16,734

16,733

Trade creditors

 

181,166

102,442

Taxation and social security

 

143,484

67,184

Accruals and deferred income

 

2,244

2,040

Other creditors

 

29,032

15,677

 

372,660

204,076

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

17,578

33,467

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

17,578

33,467

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

16,734

16,733

10

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are guarantees of £34,312 (2023 - £50,200). Hire Purchase's taken out by the company are secured against the asset that they purchased with the finance.

 

Blue Tongue Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2024

11

Related party transactions

Transactions with the director

2024

At 30 November 2023
£

Advances to director
£

Repayments by director
£

At 29 November 2024
£

Mr N S Darke

25,138

238,405

(263,592)

(49)

2023

At 30 November 2022
£

Advances to director
£

Repayments by director
£

At 29 November 2023
£

Mr N S Darke

(61)

26,790

(1,592)

25,138

Other transactions with the director

Interest is charged at HMRC standard rate of interest on any balances owed to the company over £10,000, any interest charged in the period has been included in the above.

Summary of transactions with other related parties

132 Queens Road Ltd an entity under common control, owes the company £247,446 at year end (2023 - £247,446)
Templeton House Ltd an entity under common control, owes the company £51,352 at year end (2023 - £50,748)
31 Park Street Ltd an entity where all shares are owned by Blue Tongue Ltd is owed by the company £3,742 at year end (2023 - £3,741)
Sied Investments Ltd an entity where all shares are owned by Blue Tongue Ltd is owed by the company £100 at year end (2023 - £100)