Blue Flame Associates Limited 31/03/2025 iXBRL

Company registration number: 03945773

Blue Flame Associates Limited

Unaudited filleted financial statements

31 March 2025

Blue Flame Associates Limited

Contents

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Blue Flame Associates Limited

Statement of financial position

31st March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	124,539		152,959
		_______		_______
			124,539		152,959

Current assets
Debtors	7	564,025		307,052
Cash at bank and in hand		448,797		663,084
		_______		_______
		1,012,822		970,136
Creditors: amounts falling due
within one year	8	( 309,376)		( 260,181)
		_______		_______
Net current assets			703,446		709,955
			_______		_______
Total assets less current liabilities			827,985		862,914


Provisions for liabilities			( 578)		( 2,137)

			_______		_______
Net assets			827,407		860,777
			_______		_______

Capital and reserves
Called up share capital			100		100
Share premium account			12,206		12,206
Profit and loss account			815,101		848,471
			_______		_______
Shareholders funds			827,407		860,777
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr A J Durber

Director

Company registration number: 03945773

Blue Flame Associates Limited

Statement of changes in equity

Year ended 31st March 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1st April 2023	100	12,206	848,706	861,012

Profit for the year			99,765	99,765
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	99,765	99,765

Dividends paid and payable			( 100,000)	( 100,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 100,000)	( 100,000)

	_______	_______	_______	_______
At 31st March 2024 and 1st April 2024	100	12,206	848,471	860,777

Profit for the year			56,630	56,630
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	56,630	56,630

Dividends paid and payable			( 90,000)	( 90,000)
	_______	_______	_______	_______
Total investments by and distributions to owners	-	-	( 90,000)	( 90,000)

	_______	_______	_______	_______
At 31st March 2025	100	12,206	815,101	827,407
	_______	_______	_______	_______

Blue Flame Associates Limited

Notes to the financial statements

Year ended 31st March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Blue Flame Associates Limited, Unit 8, High Carr Network Centre, Millennium Way, High Carr Business Park, Newcastle-under-Lyme, Staffordshire, ST5 7XE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold and leasehold properties	-	6 years straight line
Plant and machinery	-	33 %	straight line
Fittings fixtures and equipment	-	20 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Computer equipment	-	33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 29 (2024: 27 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1st April 2024 and 31st March 2025	60,000	60,000
	_______	_______
Amortisation
At 1st April 2024 and 31st March 2025	60,000	60,000
	_______	_______
Carrying amount
At 31st March 2025	-	-
	_______	_______
At 31st March 2024	-	-
	_______	_______

6. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1st April 2024	262,768	52,861	45,918	87,536	58,281	507,364
Additions	-	-	-	36,370	-	36,370
	_______	_______	_______	_______	_______	_______
At 31st March 2025	262,768	52,861	45,918	123,906	58,281	543,734
	_______	_______	_______	_______	_______	_______
Depreciation
At 1st April 2024	185,323	52,861	37,642	24,599	53,980	354,405
Charge for the year	36,850	-	2,351	23,423	2,166	64,790
	_______	_______	_______	_______	_______	_______
At 31st March 2025	222,173	52,861	39,993	48,022	56,146	419,195
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31st March 2025	40,595	-	5,925	75,884	2,135	124,539
	_______	_______	_______	_______	_______	_______
At 31st March 2024	77,445	-	8,276	62,937	4,301	152,959
	_______	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	549,176	239,509
Other debtors	14,849	67,543
	_______	_______
	564,025	307,052
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	26,843	29,664
Corporation tax	33,962	44,981
Social security and other taxes	124,155	86,666
Other creditors	124,416	98,870
	_______	_______
	309,376	260,181
	_______	_______

9. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	37,040	37,040
Later than 1 year and not later than 5 years	74,079	111,119
	_______	_______
	111,119	148,159
	_______	_______