Bluewhalespa Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07503863 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

Bluewhalespa Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

Mrs Y Liu

D Wu

SECRETARY:

Mrs Y Liu

REGISTERED OFFICE:

11 Glaisdale Drive East

Nottingham

Nottinghamshire

NG8 4GU

REGISTERED NUMBER:

07503863 (England and Wales)

ACCOUNTANTS:

Wright, Shaw and Partners

14, High Street

Hucknall

Nottinghamshire

NG15 7HD

FIXED ASSETS

91,592

Tangible assets

4

232,488

CURRENT ASSETS

288,443

Stocks

403,118

373,315

Debtors

5

639,192

117,997

Cash at bank and in hand

452,465

779,755

1,494,775

CREDITORS

659,809

Amounts falling due within one year

6

1,433,413

119,946

NET CURRENT ASSETS

61,362

211,538

TOTAL ASSETS LESS CURRENT LIABILITIES

293,850

CAPITAL AND RESERVES

100

Called up share capital

100

211,438

Retained earnings

293,750

211,538

SHAREHOLDERS' FUNDS

293,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 March 2019 and were signed on its behalf by:

Mrs Y Liu - Director

1.	STATUTORY INFORMATION

Bluewhalespa Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Foreign currencies

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 of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 67 (2017 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

Totals

machinery

vehicles

equipment

£

£

£

£

COST

At 1 July 2017

173,386

3,500

152,575

17,311

Additions

243,992

1,478

242,514

-

Disposals

(61,250

)

-

(61,250

)

-

At 30 June 2018

356,128

4,978

333,839

17,311

DEPRECIATION

At 1 July 2017

81,794

1,537

74,217

6,040

Charge for year

75,533

516

73,327

1,690

Eliminated on disposal

(33,687

)

-

(33,687

)

-

At 30 June 2018

123,640

2,053

113,857

7,730

NET BOOK VALUE

At 30 June 2018

232,488

2,925

219,982

9,581

At 30 June 2017

91,592

1,963

78,358

11,271

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2017

6,950

Additions

242,514

Transfer to ownership

(6,950

)

At 30 June 2018

242,514

DEPRECIATION

At 1 July 2017

4,018

Charge for year

60,629

Transfer to ownership

(4,018

)

At 30 June 2018

60,629

NET BOOK VALUE

At 30 June 2018

181,885

At 30 June 2017

2,932

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

436,598

369,949

Other debtors

202,594

3,366

639,192

373,315

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Hire purchase contracts

227,718

193

Trade creditors

708,006

70,055

Taxation and social security

253,263

205,528

Other creditors

244,426

384,033

1,433,413

659,809

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2018 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wright, Shaw and Partners

14, High Street

Hucknall

Nottinghamshire

NG15 7HD

29 March 2019