BLUEBOND GROUP LIMITED - Filleted accounts

Registered number

05913849

BLUEBOND GROUP LIMITED

Filleted Accounts

31 December 2024

BLUEBOND GROUP LIMITED
Registered number:		05913849
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		14,757			19,906

Current assets
Debtors	4	42,696			40,283
Cash at bank and in hand		6,266			8,215
		48,962			48,498

Short-term liabilities	5	(121,092)			(98,217)

Net current liabilities			(72,130)			(49,719)

Total assets less current liabilities			(57,373)			(29,813)

Long-term liabilities	6		(4,854)			(13,924)

Provisions for liabilities
Deferred tax			(2,804)			(3,782)


Net liabilities			(65,031)			(47,519)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(65,131)			(47,619)

Shareholders' funds			(65,031)			(47,519)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Charles Alan De Lastic
Director
Approved by the board on 25 September 2025

BLUEBOND GROUP LIMITED
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and fittings			25% reducing balance
	Computer equipment			33% reducing balance
	Motor vehicles			25% reducing balance

	Deferred taxation
	Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Deferred tax assets and liabilities are not discounted.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					5		5


3	Tangible fixed assets
		Computer equipment		Fixtures & Fittings		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 January 2024	11,728		3,040		29,999		44,767
	At 31 December 2024	11,728		3,040		29,999		44,767

	Depreciation
	At 1 January 2024	9,657		2,079		13,125		24,861
	Charge for the year	690		240		4,219		5,149
	At 31 December 2024	10,347		2,319		17,344		30,010

	Net book value
	At 31 December 2024	1,381		721		12,655		14,757
	At 31 December 2023	2,071		961		16,874		19,906


4	Debtors					2024		2023
£							£

	Trade debtors					-		90
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					33,868		34,337
	Other debtors					8,828		5,856
						42,696		40,283


5	Short-term liabilities					2024		2023
£							£

	Bank loans and overdrafts					8,853		8,636
	Trade creditors					13,712		11,833
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					71,780		57,400
	Taxation and social security costs					26,240		17,318
	Director's current account					312		472
	Accruals					195		2,558
						121,092		98,217


6	Long-term liabilities					2024		2023
£							£

	Bank loans					4,854		13,924


7	Other information

	BLUEBOND GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	6 Willow Close
	Reed
	Royston
	England
	SG8 8BA