Bluestorm Design & Marketing Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04097745 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Bluestorm Design & Marketing Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Basker

Mr A S Cawley

Mrs J E Leydon

Ms L Wray

SECRETARY:

Ms L Wray

REGISTERED OFFICE:

1 Redcliff Road

Melton Business Park

Melton

East Yorkshire

HU14 3RS

REGISTERED NUMBER:

04097745 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

Royal Bank of Scotland

Sheffield Church Street Branch

5 Church Street

Sheffield

S1 1HF

FIXED ASSETS

Intangible assets

4

15,200

30,400

Tangible assets

5

53,392

37,526

68,592

67,926

CURRENT ASSETS

Debtors

704,880

564,123

Cash at bank and in hand

237,948

327,037

942,828

891,160

CREDITORS

Amounts falling due within one year

266,729

270,393

NET CURRENT ASSETS

676,099

620,767

TOTAL ASSETS LESS CURRENT LIABILITIES

744,691

688,693

CAPITAL AND RESERVES

Called up share capital

6

10,855

10,855

Share premium

50,660

50,660

Other reserves

510

510

Retained earnings

682,666

626,668

SHAREHOLDERS' FUNDS

744,691

688,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 21 December 2022 and were signed on its behalf by:

Mr A S Cawley - Director

1.	STATUTORY INFORMATION

Bluestorm Design & Marketing Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Amortisation

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

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 24 (2021 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

169,470

AMORTISATION

At 1 April 2021

139,070

Amortisation for year

15,200

At 31 March 2022

154,270

NET BOOK VALUE

At 31 March 2022

15,200

At 31 March 2021

30,400

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

222,096

Additions

24,221

At 31 March 2022

246,317

DEPRECIATION

At 1 April 2021

184,570

Charge for year

8,355

At 31 March 2022

192,925

NET BOOK VALUE

At 31 March 2022

53,392

At 31 March 2021

37,526

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/22

31/3/21

value:

£

£

7,600

Ordinary A

£1

7,630

7,600

3,255

Ordinary B

£1

3,225

3,255

10,855

10,855

7.	ULTIMATE CONTROLLING PARTY

In the opinion of the director the ultimate controlling party is Mr A S Cawley.