Company Registration No. 07024179 (England and Wales)
Blue Waters Limited
Unaudited accounts
for the year ended 31 March 2026
Blue Waters Limited
Unaudited accounts
Contents
Blue Waters Limited
Company Information
for the year ended 31 March 2026
Company Number
07024179 (England and Wales)
Registered Office
32 SEEDLANDS CLOSE
BOSTON
LINCOLNSHIRE
PE21 9QE
Accountants
Reliance Tax Advisers
20B Market Place
Grantham
Lincolnshire
NG31 6LP
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Blue Waters Limited
for the year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Blue Waters Limited for the year ended
31 March 2026 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Reliance Tax Advisers
Chartered Certified Accountants
20B Market Place
Grantham
Lincolnshire
NG31 6LP
7 September 2026
Blue Waters Limited
Statement of financial position
as at 31 March 2026
Tangible assets
27,044
40,567
Investment property
92,981
92,981
Cash at bank and in hand
77,777
60,951
Creditors: amounts falling due within one year
(40,015)
(46,745)
Net current assets
37,762
14,206
Net assets
157,787
147,754
Called up share capital
2
2
Profit and loss account
157,785
147,752
Shareholders' funds
157,787
147,754
For the year ending 31 March 2026 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2026 and were signed on its behalf by
Dr Adeel Asim
Director
Company Registration No. 07024179
Blue Waters Limited
Notes to the Accounts
for the year ended 31 March 2026
Blue Waters Limited is a private company, limited by shares, registered in England and Wales, registration number 07024179. The registered office is 32 SEEDLANDS CLOSE, BOSTON, LINCOLNSHIRE, PE21 9QE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Blue Waters Limited
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
54,090
6,762
60,852
At 31 March 2026
54,090
6,762
60,852
At 1 April 2025
13,523
6,762
20,285
Charge for the year
13,523
-
13,523
At 31 March 2026
27,046
6,762
33,808
At 31 March 2026
27,044
-
27,044
At 31 March 2025
40,567
-
40,567
Fair value at 1 April 2025
92,981
6
Creditors: amounts falling due within one year
2026
2025
Obligations under finance leases and hire purchase contracts
38,773
45,864
Taxes and social security
312
-
7
Average number of employees
During the year the average number of employees was 1 (2025: 1).