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Registered number: 04717852
Blue Scorpion Ltd
Financial Statements
For The Year Ended 31 March 2025
Aspirations Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04717852
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,056 1,409
Investments 5 1,125,992 1,125,992
1,127,048 1,127,401
CURRENT ASSETS
Stocks 6 97,876 2,288
Debtors 7 140,458 177,253
Cash at bank and in hand 17,060 21,138
255,394 200,679
Creditors: Amounts Falling Due Within One Year 8 (1,586,632 ) (1,236,178 )
NET CURRENT ASSETS (LIABILITIES) (1,331,238 ) (1,035,499 )
TOTAL ASSETS LESS CURRENT LIABILITIES (204,190 ) 91,902
Creditors: Amounts Falling Due After More Than One Year 9 (394,597 ) (697,976 )
NET LIABILITIES (598,787 ) (606,074 )
CAPITAL AND RESERVES
Called up share capital 10 246,575 246,575
Share premium account 100,909 100,909
Capital redemption reserve 500 500
Profit and Loss Account (946,771 ) (954,058 )
SHAREHOLDERS' FUNDS (598,787) (606,074)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Nigel Tanner
Director
02/12/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Blue Scorpion Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04717852 . The registered office is The 1921 Building, East Malling Business Centre, New Road, East Malling, Kent, ME19 6BJ.
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:
Computer Equipment Depreciation @25%, WDV method
2.4. 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.
2.5. 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: 4 (2024: 4)
4 4
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 April 2024 2,525
As at 31 March 2025 2,525
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 April 2024 1,116
Provided during the period 353
As at 31 March 2025 1,469
Net Book Value
As at 31 March 2025 1,056
As at 1 April 2024 1,409
5. Investments
Unlisted
£
Cost or Valuation
As at 1 April 2024 1,125,992
As at 31 March 2025 1,125,992
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 1,125,992
As at 1 April 2024 1,125,992
6. Stocks
2025 2024
£ £
Finished goods 97,876 2,288
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 58,358 66,680
Amounts owed by participating interests 70,606 90,606
Other debtors 11,494 19,967
140,458 177,253
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 196,251 100,939
Bank loans and overdrafts 13 2,465
Other loans - 41,601
Amounts owed to group undertakings 1,065,303 1,003,535
Other creditors 236,177 70,350
Taxation and social security 88,888 17,288
1,586,632 1,236,178
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other loans 87,743 697,976
Other creditors 306,854 -
394,597 697,976
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 246,575 246,575
Page 5