REGISTERED NUMBER: 05669255 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

BLUEGYP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Marrin

S Marrin

G D Griffiths

C L Brierley

C Longthorne

SECRETARY:

S Marrin

REGISTERED OFFICE:

Unit 12 Wharfside Business Park

Irlam Wharf Road

Irlam

Manchester

Greater Manchester

M44 5PN

REGISTERED NUMBER:

05669255 (England and Wales)

ACCOUNTANTS:

BTMR Limited

Century Buildings

14 St Mary's Parsonage

Manchester

M3 2DF

BANKERS:

Handlesbanken

Manchester Spinningfields

Fourth Floor

Kabel House

15 Quay Street

Manchester

M3 3HN

FIXED ASSETS

Tangible assets

4

149,501

118,501

CURRENT ASSETS

Debtors

5

2,361,070

2,941,029

Cash at bank

2,390,540

1,021,285

4,751,610

3,962,314

CREDITORS

Amounts falling due within one year

6

1,777,699

1,863,185

NET CURRENT ASSETS

2,973,911

2,099,129

TOTAL ASSETS LESS CURRENT LIABILITIES

3,123,412

2,217,630

CREDITORS

Amounts falling due after more than one year

7

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES

(20,866

)

(12,285

)

NET ASSETS

3,090,879

2,183,678

CAPITAL AND RESERVES

Called up share capital

9

400

400

Retained earnings

3,090,479

2,183,278

SHAREHOLDERS' FUNDS

3,090,879

2,183,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

J Marrin - Director

1.	STATUTORY INFORMATION

Bluegyp Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Office Equipment

-

20% on reducing balance

Tangible fixed assets are initially recorded at cost.

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.

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.

Hire purchase and leasing commitments

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

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 April 2024

39,854

223,192

63,090

326,136

Additions

-

81,120

4,674

85,794

Disposals

-

(36,278

)

-

(36,278

)

At 31 March 2025

39,854

268,034

67,764

375,652

DEPRECIATION

At 1 April 2024

39,854

122,484

45,297

207,635

Charge for year

-

43,843

4,494

48,337

Eliminated on disposal

-

(29,821

)

-

(29,821

)

At 31 March 2025

39,854

136,506

49,791

226,151

NET BOOK VALUE

At 31 March 2025

-

131,528

17,973

149,501

At 31 March 2024

-

100,708

17,793

118,501

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,266,787

2,750,034

Amounts owed by group undertakings

238

238

Other debtors

94,045

190,757

2,361,070

2,941,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

705,871

1,299,404

Taxation and social security

497,910

188,892

Other creditors

563,918

364,889

1,777,699

1,863,185

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

11,667

21,667

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

92,045

80,303

Between one and five years

83,039

153,167

175,084

233,470

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A shares

£1

200

200

100

Ordinary B Shares

£1

100

100

100

Ordinary C

£1

100

100

400

400

10.	ULTIMATE CONTROLLING PARTY

The controlling party is LIW Holdings Ltd.

The ultimate controlling party is Mr J Marrin & Mrs S Marrin.