Blue Flame IT Limited,Ltd - Accounts

Blue Flame IT Limited,Ltd - Accounts

BLUE FLAME DIGITAL SOLUTIONS LIMITED - Company Information

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2013-12-01 true false Private Limited Company 04936037 2014-11-30 04936037 2013-12-01 2014-11-30 04936037 2013-11-30 04936037 2012-12-01 2013-11-30 04936037 uk-bus:Director1 2013-12-01 2014-11-30 04936037 uk-gaap:ImprovementsOrDevelopmentAssets 2013-12-01 2014-11-30 04936037 uk-gaap:ComputerEquipment 2013-12-01 2014-11-30 04936037 uk-gaap:MotorCars 2013-12-01 2014-11-30 iso4217:GBP
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Blue Flame IT Limited
For the year ended 30 November 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04936037
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Contents Page
Blue Flame IT Limited
For the year ended 30 November 2014
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
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Blue Flame IT Limited
Accountants' Report
For the year ended 30 November 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 November 2014 and you consider that the company is exempt from an audit under the Companies Act
2006.
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.
Bernard Walsh and Co
Certified Public Accountants
26 Cassiobury Road
Weymouth
Dorset
DT4 7JN
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Abbreviated Balance Sheet
Blue Flame IT Limited
As at 30 November 2014
04936037
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
126,865
143,596
126,865
143,596
Current assets
Debtors
3
1,815
25,402
Cash at bank and in hand
52,341
36,105
77,743
37,920
Creditors: amounts falling due within one year
(66,836)
(27,113)
(28,916)
50,630
Net current assets
Total assets less current liabilities
177,495
114,680
Creditors: amounts falling due after more than one year
4
(23,000)
-
177,495
Net assets
91,680
Capital and reserves
Called up share capital
100
100
Profit and loss account
177,395
91,581
177,495
91,681
Shareholders funds
For the year ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 06 July 2015
Phillip Taylor Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Blue Flame IT Limited
For the year ended 30 November 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Website Cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10% Reducing balance
Computer Equipment
33 % Reducing balance
Motor Vehicles
25% Reducing balance
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Notes to the Abbreviated Financial Statements
Blue Flame IT Limited
For the year ended 30 November 2014
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
172,161
At 01 December 2013
At 30 November 2014
172,161
Depreciation
28,565
At 01 December 2013
16,731
Charge for year
45,296
At 30 November 2014
Net book values
At 30 November 2014
126,865
143,596
At 30 November 2013
3 Debtors:
The amount of £23000.00 in the Director Current Account will be cleared in the next trading year by the repayment of
the Director Loan.
4 Creditors due after more than one year
Loan made by Director to Company over 10 years during development of MyJoomla.com of £23000.00 was repaid in
this accounting year.
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