Company Registration No. 09292293 (England and Wales)
Bluegizmo Limited
Unaudited accounts
for the year ended 31 March 2021
Bluegizmo Limited
Unaudited accounts
Contents
Bluegizmo Limited
Company Information
for the year ended 31 March 2021
Company Number
09292293 (England and Wales)
Registered Office
Ash Barn
29 Winchester Road
Petersfield
Hants
GU32 3PN
Accountants
Ashby & Company
14 Bishearne Gardens
Liss
Hampshire
GU33 7SB
Bluegizmo Limited
Statement of financial position
as at 31 March 2021
Tangible assets
10,547
15,235
Cash at bank and in hand
10,496
11,070
Creditors: amounts falling due within one year
(7,394)
(2,013)
Net current assets
5,349
14,057
Total assets less current liabilities
15,896
29,292
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
13,891
29,291
Shareholders' funds
13,892
29,292
For the year ending 31 March 2021 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 her 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 6 September 2021 and were signed on its behalf by
S Tagg
Director
Company Registration No. 09292293
Bluegizmo Limited
Notes to the Accounts
for the year ended 31 March 2021
Bluegizmo Limited is a private company, limited by shares, registered in England and Wales, registration number 09292293. The registered office is Ash Barn, 29 Winchester Road, Petersfield, Hants, GU32 3PN.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover is recognised at the fair value of the consideration received or receivable for online product sales, net of VAT and discounts, provided in the normal course of business.
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:
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Basic financial instruments are recognised at amortised cost.
Bluegizmo Limited
Notes to the Accounts
for the year ended 31 March 2021
3
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2020
18,750
2,166
20,916
At 31 March 2021
18,750
2,166
20,916
At 1 April 2020
3,515
2,166
5,681
Charge for the year
4,688
-
4,688
At 31 March 2021
8,203
2,166
10,369
At 31 March 2021
10,547
-
10,547
At 31 March 2020
15,235
-
15,235
4
Debtors: amounts falling due within one year
2021
2020
5
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
913
Other creditors
7,394
1,100
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2020: 0).
