Bluenuit Limited - Filleted accounts

Registered number

01562013

Bluenuit Limited

Filleted Abridged Accounts

31 December 2024

Bluenuit Limited
Registered number:		01562013
Abridged Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		288,262			315,140

Current assets
Stocks		79,772			47,482
Debtors		902,152			677,559
Cash at bank and in hand		641			263,308
		982,565			988,349

Creditors: amounts falling due within one year		(863,458)			(780,164)

Net current assets			119,107			208,185

Total assets less current liabilities			407,369			523,325

Creditors: amounts falling due after more than one year			(86,634)			(195,738)

Provisions for liabilities			(12,804)			(16,679)


Net assets			307,931			310,908

Capital and reserves
Called up share capital			200			200
Profit and loss account			307,731			310,708

Shareholders' funds			307,931			310,908

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Mr A P Francis
Director
Approved by the board on 22 December 2025

Bluenuit Limited
Notes to the Abridged Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.




2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					14		13


3	Tangible fixed assets
								Total
£
	Cost
	At 1 January 2024							541,948
	Additions							1,662
	At 31 December 2024							543,610

	Depreciation
	At 1 January 2024							226,808
	Charge for the year							28,540
	At 31 December 2024							255,348

	Net book value
	At 31 December 2024							288,262
	At 31 December 2023							315,140


4	Loans					2024		2023
£							£
	The following debts are included within creditors:

	Bank loans and overdrafts					131,375		155,546
						131,375		155,546

	These loans are secured by a fixed and a floating charge over all the company's assets.


5	Events after the reporting date

	On 9th June 2025 the company transferred its freehold property to its newly incorporated holding company by way of a dividend in specie. The written down value of the property at the date of transfer was £218,171. This transaction occurred after the reporting date and does not provide evidence of conditions that existed at that date. Accordingly, no adjustment has been made to these financial statements.


6	Loans to directors
	Description and conditions	B/fwd	Loan		Repaid		C/fwd
£			£		£		£
	Mr A P Francis
	Unsecured advance repayable upon demand.Interest rate 2.5% per annum.			120,000				120,000

		-		120,000		-		120,000


7	Other information

	Bluenuit Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Mayfield House
	Units 34-36 Upper Brook Street
	Stockport
	Cheshire
	SK1 3BP