BrightAccountsProduction v1.0.0 v1.0.0 2024-02-29 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the provision of information technology consultancy services. 28 August 2025 0 1 NI694906 2024-11-30 NI694906 2024-02-28 NI694906 2023-02-27 NI694906 2024-02-29 2024-11-30 NI694906 2023-02-28 2024-02-28 NI694906 uk-bus:PrivateLimitedCompanyLtd 2024-02-29 2024-11-30 NI694906 uk-curr:PoundSterling 2024-02-29 2024-11-30 NI694906 uk-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2024-11-30 NI694906 uk-bus:FullAccounts 2024-02-29 2024-11-30 NI694906 uk-core:ShareCapital 2024-11-30 NI694906 uk-core:ShareCapital 2024-02-28 NI694906 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI694906 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI694906 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 NI694906 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-28 NI694906 uk-bus:FRS102 2024-02-29 2024-11-30 NI694906 uk-core:WithinOneYear 2024-11-30 NI694906 uk-core:WithinOneYear 2024-02-28 NI694906 uk-core:AfterOneYear 2024-11-30 NI694906 uk-core:AfterOneYear 2024-02-28 NI694906 uk-core:EmployeeBenefits 2024-02-28 NI694906 uk-core:EmployeeBenefits 2024-02-29 2024-11-30 NI694906 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 NI694906 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-11-30 NI694906 uk-core:OtherDeferredTax 2024-11-30 NI694906 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-11-30 NI694906 uk-core:EmployeeBenefits 2024-11-30 NI694906 2024-02-29 2024-11-30 NI694906 uk-bus:Director1 2024-02-29 2024-11-30 NI694906 uk-bus:AuditExempt-NoAccountantsReport 2024-02-29 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI694906
 
 
BLUBIM Ltd
 
Unaudited Financial Statements
 
for the financial period ended 30 November 2024
BLUBIM Ltd
Company Registration Number: NI694906
BALANCE SHEET
as at 30 November 2024

Nov 24 Feb 24
Notes £ £
 
Fixed Assets
Intangible assets 5 1,616 1,901
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Current Assets
Cash and cash equivalents 341 8,102
Creditors: amounts falling due within one year 6 (3,140) (2,181)
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Net Current (Liabilities)/Assets (2,799) 5,921
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Total Assets less Current Liabilities (1,183) 7,822
 
Creditors:
amounts falling due after more than one year 7 (8,197) (11,768)
 
Provisions for liabilities 8 2,345 636
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Net Liabilities (7,035) (3,310)
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Capital and Reserves
Called up share capital 2 2
Retained earnings (7,037) (3,312)
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Equity attributable to owners of the company (7,035) (3,310)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial period ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Board and authorised for issue on 28 August 2025 and signed on its behalf by
           
           
________________________________          
Orin Quigg          
Director          
           



BLUBIM Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 30 November 2024

   
1. General Information
 
BLUBIM Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI694906. The registered office of the company is The Gadda Building, 89 Main Street, Garvagh, BT51 5AB, Northern Ireland. The principal activity is the provision of information technology consultancy services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
Intangible assets are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 9 month 2 days period ended 30 November 2024.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial period was 0, (Feb 24 - 1).
 
  Nov 24 Feb 24
  Number Number
 
Employee - 1
  ═════════ ═════════
       
5. Intangible assets
     
    Total
  £ £
Cost
At 29 February 2024 2,376 2,376
  ───────── ─────────
 
At 30 November 2024 2,376 2,376
  ───────── ─────────
Amortisation
At 29 February 2024 475 475
Charge for financial period 285 285
  ───────── ─────────
At 30 November 2024 760 760
  ───────── ─────────
Net book value
At 30 November 2024 1,616 1,616
  ═════════ ═════════
At 28 February 2024 1,901 1,901
  ═════════ ═════════
       
6. Creditors Nov 24 Feb 24
Amounts falling due within one year £ £
 
Amounts owed to related parties (Note 10) 500 500
Taxation - 481
Accruals 2,640 1,200
  ───────── ─────────
  3,140 2,181
  ═════════ ═════════
       
7. Creditors Nov 24 Feb 24
Amounts falling due after more than one year £ £
 
Directors' loan accounts 8,197 11,768
  ═════════ ═════════
 
           
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      Nov 24 Feb 24
  £ £ £ £
 
At financial period start 475 (1,111) (636) -
Charged to profit and loss (71) (1,638) (1,709) (636)
  ───────── ───────── ───────── ─────────
At financial period end 404 (2,749) (2,345) (636)
  ═════════ ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 November 2024.
           
10. Related party transactions
 
      Nov 24 Feb 24
      £ £
 
Finance amounts owed to related parties     500 500
      ═════════ ═════════
 
The amount owed to the director at the start of the year was £11,768.  During the year, the company borrowed £0 and repaid £3,571 to the director, leaving a closing balance of £8,197 owed to the director.  This is included in the creditors section of the balance sheet.

The director of Blubim Ltd is also the director of OJQ Ltd.  The amount owed to OJQ Ltd at the start of the year was £500.  There were no transactions between the companies during the year.  This is amount is included in the creditors section of the balance sheet.
   
11. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.