Company No: 05605687 (England and Wales)

Contents

• Company Information
• Accountants' Report
• Balance Sheet
• Notes to the Financial Statements

Directors	R J Osborne (Resigned 17 July 2024)
	A K Shina
	A M J Warren

Secretary

K Warren

Registered office	One Bell Lane
	Lewes
	East Sussex
	BN7 1JU
	United Kingdom

Company number

05605687 (England and Wales)

Accountant	Kreston Reeves LLP
	Nile House
	Nile Street
	Brighton
	BN1 1HW
	United Kingdom

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Blue Consult Limited for the financial year ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 11 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that The Blue Consult Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Blue Consult Limited. You consider that The Blue Consult Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of The Blue Consult Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of The Blue Consult Limited, as a body, in accordance with the terms of our engagement letter dated 05 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of The Blue Consult Limited and state those matters that we have agreed to state to the Board of Directors of The Blue Consult Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Blue Consult Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Accountant

Nile House
Nile Street
Brighton
BN1 1HW
United Kingdom

30 September 2025

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	53,956		9,896
		53,956		9,896
Current assets
Stocks		0		14,316
Debtors	5	89,049		90,499
Cash at bank and in hand		72,429		181,849
		161,478		286,664
Creditors: amounts falling due within one year	6	( 130,799)		( 152,032)
Net current assets		30,679		134,632
Total assets less current liabilities		84,635		144,528
Creditors: amounts falling due after more than one year	7	( 83,203)		( 37,225)
Net assets		1,432		107,303
Capital and reserves
Called-up share capital	9	2		2
Profit and loss account		1,430		107,301
Total shareholders' funds		1,432		107,303

For the financial year 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 members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of The Blue Consult Limited (registered number: 05605687) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

A M J Warren Director

1. Accounting policies

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

General information and basis of accounting

The Blue Consult Limited (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 One Bell Lane, Lewes, East Sussex, BN7 1JU, 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 £.

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.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is [number] years.

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 straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Vehicles	5 years straight line
Fixtures and fittings	15 % reducing balance
Office equipment	3 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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 includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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.

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.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		8

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2024	80,000		80,000
At 31 December 2024	80,000		80,000
Accumulated amortisation
At 01 January 2024	80,000		80,000
At 31 December 2024	80,000		80,000
Net book value
At 31 December 2024	0		0
At 31 December 2023	0		0

4. Tangible assets

	Leasehold improve- ments		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	9,050		0		17,235		42,822		69,107
Additions	0		56,050		0		624		56,674
At 31 December 2024	9,050		56,050		17,235		43,446		125,781
Accumulated depreciation
At 01 January 2024	9,050		0		13,034		37,127		59,211
Charge for the financial year	0		8,408		630		3,576		12,614
At 31 December 2024	9,050		8,408		13,664		40,703		71,825
Net book value
At 31 December 2024	0		47,642		3,571		2,743		53,956
At 31 December 2023	0		0		4,201		5,695		9,896

5. Debtors

	2024		2023
	£		£
Trade debtors	32,583		59,768
Amounts owed by directors	43,008		0
Prepayments	4,588		4,418
Deferred tax asset	6,707		3,925
VAT recoverable	2,163		15,028
Other debtors	0		7,360
	89,049		90,499

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	1,092		6,619
Trade creditors	90,711		24,800
Amounts owed to directors	0		2,116
Accruals	2,600		2,500
Corporation tax	0		61,229
Other taxation and social security	2,258		12,401
Obligations under finance leases and hire purchase contracts	6,792		0
Other creditors	27,346		42,367
	130,799		152,032

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

	2024		2023
	£		£
Bank loans	42,252		37,225
Obligations under finance leases and hire purchase contracts	40,951		0
	83,203		37,225

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

8. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	3,925		6,875
Credited/(charged) to the Statement of Income and Retained Earnings	2,782		( 2,950)
At the end of financial year	6,707		3,925

9. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
200 Ordinary A shares of £ 0.01 each	2.00		2.00
10 Ordinary B shares of £ 0.01 each	0.10		0.10
	2.10		2.10

10. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

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 pension cost charge represents contributions payable by the company to the fund. Contributions payable by the company for the year is £8,320 (2023: £11,197). Contributions payable to the fund at the year end included in other creditors is £31,168 (2023: £39,685).

11. Related party transactions

A Warren
(Director)

During the year the company provided the Director with a loan repayable on demand. At the balance sheet date the amount due from the director was £43,008 (2023 due to: £2,116).