Blu Chem Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI649254

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		403,411		360,419

			403,411		360,419
CURRENT ASSETS
Stocks	5	47,500		43,000
Debtors	6	124,143		124,816
Cash at bank and in hand		25,838		23,664

		197,481		191,480
Creditors: Amounts Falling Due Within One Year	7	(214,363 )		(297,558 )

NET CURRENT ASSETS (LIABILITIES)			(16,882 )		(106,078 )

TOTAL ASSETS LESS CURRENT LIABILITIES			386,529		254,341

Creditors: Amounts Falling Due After More Than One Year	8		(53,250 )		(7,333 )

NET ASSETS			333,279		247,008

CAPITAL AND RESERVES
Called up share capital	10		10		10
Profit and Loss Account			333,269		246,998

SHAREHOLDERS' FUNDS			333,279		247,008

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Blu Chem Ltd

Balance Sheet (continued)

As At 31 May 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R McMullan

Director

31/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Blu Chem Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI649254 . The registered office is 25 Ballyskeagh Road, Artigarvan, Strabane, Tyrone, BT82 0HL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20%
Motor Vehicles	20%

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

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Blu Chem Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 June 2024	259,847	238,016	497,863
Additions	59,208	60,661	119,869

As at 31 May 2025	319,055	298,677	617,732

Depreciation
As at 1 June 2024	81,460	55,984	137,444
Provided during the period	48,712	28,165	76,877

As at 31 May 2025	130,172	84,149	214,321

Net Book Value
As at 31 May 2025	188,883	214,528	403,411

As at 1 June 2024	178,387	182,032	360,419

5. Stocks

	2025	2024
	£	£
Stock	47,500	43,000

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	124,143	118,490
Other debtors	-	6,326

	124,143	124,816

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	26,417	17,837
Trade creditors	76,208	199,947
Amounts owed to participating interests	13,872	13,833
Other creditors	90,545	47,215
Taxation and social security	7,321	18,726

	214,363	297,558

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	53,250	7,333

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Blu Chem Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	26,417	17,837
Later than one year and not later than five years	53,250	7,333

	79,667	25,170

	79,667	25,170

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

11. Post Balance Sheet Events

There have been no significant events since the year end.

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