Blue Line Office Furniture Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03783557 (England and Wales)

BLUE LINE OFFICE FURNITURE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2023 TO 22 SEPTEMBER 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

A J Marshall

SECRETARY:

Mrs L A Marshall

REGISTERED OFFICE:

255 Green Lanes

Palmers Green

London

N13 4XE

REGISTERED NUMBER:

03783557 (England and Wales)

ACCOUNTANTS:

John Crook & Partners

Chartered Accountants

255 Green Lanes

Palmers Green

London

N13 4XE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

1,256

1,477

1,256

1,477

CURRENT ASSETS

Stocks

1,910

2,010

Debtors

6

293,621

107,223

Cash at bank and in hand

2,658

104

298,189

109,337

CREDITORS

Amounts falling due within one year

7

270,670

96,779

NET CURRENT ASSETS

27,519

12,558

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,775

14,035

CREDITORS

Amounts falling due after more than one
year

8

(7,324

)

(13,024

)

PROVISIONS FOR LIABILITIES

(239

)

(235

)

NET ASSETS

21,212

776

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

21,112

676

SHAREHOLDERS' FUNDS

21,212

776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2025 and were signed by:

A J Marshall - Director

1.	STATUTORY INFORMATION

Blue Line Office Furniture 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 22 September 2024

5,000

AMORTISATION

At 1 October 2023

and 22 September 2024

5,000

NET BOOK VALUE

At 22 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2023

and 22 September 2024

14,287

DEPRECIATION

At 1 October 2023

12,810

Charge for period

221

At 22 September 2024

13,031

NET BOOK VALUE

At 22 September 2024

1,256

At 30 September 2023

1,477

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

243,516

56,858

Directors' current accounts

39,263

39,523

Income tax debtor

10,842

293,621

107,223

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

5,700

11,538

Trade creditors

192,839

44,636

Tax

39,342

24,505

Social security and other taxes

556

444

Value added tax

26,626

12,077

Sundry creditors and accruals

5,607

3,579

270,670

96,779

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 1-2 years

5,700

5,603

Bank loans - 2-5 years

1,624

7,421

7,324

13,024

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 22 September 2024 and the year ended 30 September 2023:

2024

2023

£

A J Marshall

Balance outstanding at start of period

39,523

26,323

Amounts advanced

-

13,200

Amounts repaid

(260

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

39,263

39,523

10.	ULTIMATE CONTROLLING PARTY

The controlling party is A J Marshall.

The company is controlled by A J Marshall, a director and 50% shareholder.