Silverfin false false 31/12/2024 01/10/2023 31/12/2024 E T Taylor 14/05/2021 J W Taylor 14/05/2021 12 August 2025 The principal activity of the company during the financial year was that of the sale of promotional products 05235542 2024-12-31 05235542 bus:Director1 2024-12-31 05235542 bus:Director2 2024-12-31 05235542 2023-09-30 05235542 core:CurrentFinancialInstruments 2024-12-31 05235542 core:CurrentFinancialInstruments 2023-09-30 05235542 core:Non-currentFinancialInstruments 2024-12-31 05235542 core:Non-currentFinancialInstruments 2023-09-30 05235542 core:ShareCapital 2024-12-31 05235542 core:ShareCapital 2023-09-30 05235542 core:RetainedEarningsAccumulatedLosses 2024-12-31 05235542 core:RetainedEarningsAccumulatedLosses 2023-09-30 05235542 core:OfficeEquipment 2023-09-30 05235542 core:OfficeEquipment 2024-12-31 05235542 core:ImmediateParent core:CurrentFinancialInstruments 2024-12-31 05235542 core:ImmediateParent core:CurrentFinancialInstruments 2023-09-30 05235542 2023-10-01 2024-12-31 05235542 bus:FilletedAccounts 2023-10-01 2024-12-31 05235542 bus:SmallEntities 2023-10-01 2024-12-31 05235542 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-12-31 05235542 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-12-31 05235542 bus:Director1 2023-10-01 2024-12-31 05235542 bus:Director2 2023-10-01 2024-12-31 05235542 core:OfficeEquipment 2023-10-01 2024-12-31 05235542 2022-10-01 2023-09-30 05235542 core:Non-currentFinancialInstruments 2023-10-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 05235542 (England and Wales)

BLU LEISURE LTD

Unaudited Financial Statements
For the financial period from 01 October 2023 to 31 December 2024
Pages for filing with the registrar

BLU LEISURE LTD

Unaudited Financial Statements

For the financial period from 01 October 2023 to 31 December 2024

Contents

BLU LEISURE LTD

BALANCE SHEET

As at 31 December 2024
BLU LEISURE LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.09.2023
£ £
Fixed assets
Tangible assets 3 2,577 2,835
2,577 2,835
Current assets
Stocks 4 253,085 160,115
Debtors 5 322,770 346,443
Cash at bank and in hand 30,893 45,822
606,748 552,380
Creditors: amounts falling due within one year 6 ( 329,243) ( 246,773)
Net current assets 277,505 305,607
Total assets less current liabilities 280,082 308,442
Creditors: amounts falling due after more than one year 7 ( 4,167) ( 16,667)
Net assets 275,915 291,775
Capital and reserves
Called-up share capital 100 100
Profit and loss account 275,815 291,675
Total shareholder's funds 275,915 291,775

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Blu Leisure Ltd (registered number: 05235542) were approved and authorised for issue by the Board of Directors on 12 August 2025. They were signed on its behalf by:

J W Taylor
Director
E T Taylor
Director
BLU LEISURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
BLU LEISURE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Blu Leisure Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Ambassador Industrial Estate, 9 Airfield Road, Christchurch, BH23 3TG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Reporting period length

The reporting period length has been extended to the 31st December 2024.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

Period from
01.10.2023 to
31.12.2024
Year ended
30.09.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 5 5

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 October 2023 28,602 28,602
Additions 530 530
At 31 December 2024 29,132 29,132
Accumulated depreciation
At 01 October 2023 25,767 25,767
Charge for the financial period 788 788
At 31 December 2024 26,555 26,555
Net book value
At 31 December 2024 2,577 2,577
At 30 September 2023 2,835 2,835

4. Stocks

31.12.2024 30.09.2023
£ £
Stocks 195,595 142,732
Payments on account 57,490 17,383
253,085 160,115

5. Debtors

31.12.2024 30.09.2023
£ £
Trade debtors 250,362 264,609
Amounts owed by Parent undertakings 70,781 80,781
Other debtors 1,627 1,053
322,770 346,443

6. Creditors: amounts falling due within one year

31.12.2024 30.09.2023
£ £
Bank loans 10,000 10,000
Trade creditors 83,493 71,284
Taxation and social security 143,493 95,429
Other creditors 92,257 70,060
329,243 246,773

7. Creditors: amounts falling due after more than one year

31.12.2024 30.09.2023
£ £
Bank loans 4,167 16,667

There are no amounts included above in respect of which any security has been given by the small entity.

8. Ultimate controlling party

Parent Company:

Taylor Made Designs (UK) Limited
Unit 1 Ambassador Industrial Estate, 9 Airfield Road, Christchurch, Dorset, BH23 3TG