Registrar Copy
Company registration number 12371596 (England and Wales)
BLUEGLO SERVICING AND MAINTENANCE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
547,636
547,636
Investments
4
790
790
548,426
548,426
Current assets
Debtors
5
825
12
Cash at bank and in hand
70,768
12,924
71,593
12,936
Creditors: amounts falling due within one year
6
(360,935)
(199,187)
Net current liabilities
(289,342)
(186,251)
Net assets
259,084
362,175
Capital and reserves
Called up share capital
7
163
204
Capital redemption reserve
41
-
0
Profit and loss reserves
258,880
361,971
Total equity
259,084
362,175

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 1 August 2025 and are signed on its behalf by:
Mr D J Simmonds
Mr B Bridges
Director
Director
Mr J D Jones
Director
Company Registration No. 12371596
Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Blueglo Servicing and Maintenance Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4, Stanley Court, Richard Jones Road, Witney, Oxfordshire, OX29 0TB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Income generated from investment properties is recognised in the period to which the income relates.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with bank.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, amounts due to group companies and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

No deferred tax has been recognised in these accounts.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
4
Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
547,636

Investment property comprises of Unit 4 and Unit 5 Stanley Court, Richard Jones Road, Witney, Oxfordshire, OX29 0TB. Unit 4 was purchased in September 2021, whilst unit 5 was purchased by the subsidiary company in February 2022 and subsequently hived-up to Blueglo Servicing and Maintenance Ltd in September 2023.

The directors consider the fair value of the properties at the year end to not be materially different to their initial cost and, therefore, no fair value movement has been recognised through the profit and loss in these financial statements.

4
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
790
790
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
825
12
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
58,291
-
0
Amounts owed to group undertakings
295,805
193,924
Taxation and social security
5,339
3,763
Other creditors
1,500
1,500
360,935
199,187

Included within bank loans due within one year is £58,291 (2024 - £nil) in respect of a loan from National Westminster Bank Plc. National Westminster Bank Plc held a fixed charge over current and future assets and undertakings of Blueglo Servicing and Maintenance Ltd. The loan was settled in May 2025 and the charge therefore satisfied.

Included within amounts owed to group undertakings falling due within one year is £295,805 (2024 - £193,924) due to the subsidiary company, Aspect Plumbing & Heating (Witney) Ltd. No interest is being charged on this amount and it is repayable on demand.

Registrar Copy
BLUEGLO SERVICING AND MAINTENANCE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
160
200
160
200
Ordinary A shares of £1 each
1
1
1
1
Ordinary B shares of £1 each
1
1
1
1
Ordinary C shares of £1 each
0
1
-
0
1
Ordinary D shares of £1 each
1
1
1
1
163
204
163
204
8
Related party transactions

On 27 September 2024, the company purchased 40 ordinary shares and 1 ordinary C share held by the director, Ms A MacArthur. The agreed consideration for these shares was £200,000.

2025-03-31 2024-04-01 false false false 09 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr D J Simmonds Mr B Bridges Mr J D Jones Ms A Macarthur 2025-08-01 12371596 2024-04-01 2025-03-31 12371596 2025-03-31 12371596 2024-03-31 12371596 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 12371596 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 12371596 core:CurrentFinancialInstruments 2025-03-31 12371596 core:CurrentFinancialInstruments 2024-03-31 12371596 core:ShareCapital 2025-03-31 12371596 core:ShareCapital 2024-03-31 12371596 core:CapitalRedemptionReserve 2025-03-31 12371596 core:CapitalRedemptionReserve 2024-03-31 12371596 core:RetainedEarningsAccumulatedLosses 2025-03-31 12371596 core:RetainedEarningsAccumulatedLosses 2024-03-31 12371596 core:ShareCapitalOrdinaryShareClass1 2025-03-31 12371596 core:ShareCapitalOrdinaryShareClass1 2024-03-31 12371596 core:ShareCapitalOrdinaryShareClass2 2025-03-31 12371596 core:ShareCapitalOrdinaryShareClass2 2024-03-31 12371596 core:ShareCapitalOrdinaryShareClass3 2025-03-31 12371596 core:ShareCapitalOrdinaryShareClass3 2024-03-31 12371596 core:ShareCapitalOrdinaryShareClass4 2025-03-31 12371596 core:ShareCapitalOrdinaryShareClass4 2024-03-31 12371596 core:ShareCapitalOrdinaryShareClass5 2025-03-31 12371596 core:ShareCapitalOrdinaryShareClass5 2024-03-31 12371596 core:ShareCapitalOrdinaryShares 2025-03-31 12371596 core:ShareCapitalOrdinaryShares 2024-03-31 12371596 bus:Director1 2024-04-01 2025-03-31 12371596 bus:Director2 2024-04-01 2025-03-31 12371596 bus:Director3 2024-04-01 2025-03-31 12371596 2023-04-01 2024-03-31 12371596 2024-03-31 12371596 core:WithinOneYear 2025-03-31 12371596 core:WithinOneYear 2024-03-31 12371596 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 12371596 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 12371596 bus:OrdinaryShareClass3 2024-04-01 2025-03-31 12371596 bus:OrdinaryShareClass4 2024-04-01 2025-03-31 12371596 bus:OrdinaryShareClass5 2024-04-01 2025-03-31 12371596 bus:OrdinaryShareClass1 2025-03-31 12371596 bus:OrdinaryShareClass1 2024-03-31 12371596 bus:OrdinaryShareClass2 2025-03-31 12371596 bus:OrdinaryShareClass2 2024-03-31 12371596 bus:OrdinaryShareClass3 2025-03-31 12371596 bus:OrdinaryShareClass3 2024-03-31 12371596 bus:OrdinaryShareClass4 2025-03-31 12371596 bus:OrdinaryShareClass4 2024-03-31 12371596 bus:OrdinaryShareClass5 2025-03-31 12371596 bus:OrdinaryShareClass5 2024-03-31 12371596 bus:AllOrdinaryShares 2025-03-31 12371596 bus:AllOrdinaryShares 2024-03-31 12371596 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12371596 bus:FRS102 2024-04-01 2025-03-31 12371596 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12371596 bus:Director4 2024-04-01 2025-03-31 12371596 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12371596 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP