Company Registration No. 02739016 (England and Wales)
BLUEPOINT CORPORATION LIMITED
Unaudited accounts
for the year ended 31 March 2022
BLUEPOINT CORPORATION LIMITED
Unaudited accounts
Contents
BLUEPOINT CORPORATION LIMITED
Statement of financial position
as at 31 March 2022
Tangible assets
1,266,644
1,288,475
Inventories
1,419,359
1,207,435
Debtors
1,479,665
1,374,558
Cash at bank and in hand
790,134
645,329
Creditors: amounts falling due within one year
(2,592,423)
(2,049,917)
Net current assets
1,096,735
1,177,405
Total assets less current liabilities
2,363,379
2,465,880
Creditors: amounts falling due after more than one year
(137,376)
(153,176)
Provisions for liabilities
Other provisions
-
(177,373)
Net assets
2,226,003
2,135,331
Called up share capital
10,000
10,000
Revaluation reserve
193,931
193,931
Profit and loss account
2,022,072
1,931,400
Shareholders' funds
2,226,003
2,135,331
For the year ending 31 March 2022 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 19 December 2022 and were signed on its behalf by
Sarfaraz Kassam Manji
Director
Company Registration No. 02739016
BLUEPOINT CORPORATION LIMITED
Notes to the Accounts
for the year ended 31 March 2022
BLUEPOINT CORPORATION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02739016. The registered office is 111 High Street, Wealdstone, Harrow, Middlesex, HA3 5DL, UK.
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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.
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:
Land & buildings
over 50 years
Plant & machinery
over 5 years
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
BLUEPOINT CORPORATION LIMITED
Notes to the Accounts
for the year ended 31 March 2022
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Tangible fixed assets
Total
At 31 March 2022
1,903,564
Charge for the year
21,831
At 31 March 2022
1,266,644
At 31 March 2021
1,288,475
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Average number of employees
During the year the average number of employees was 8 (2021: 6).