The Blucando Group Limited Accounts

THE BLUCANDO GROUP LIMITED - Company Information






The Blucando Group Limited

	Company No. 13526537
		Information for Filing with The Registrar
		For the Period Ended
		31 July 2022

at	31 July 2022
Company No.		13526537	Notes	2022
				£
Fixed assets



	Investments		4	51
				51
Current assets

	Debtors		5	2


				2
Creditors: Amount falling due within one year			6	(1,098)
Net current liabilities				(1,096)
Total assets less current liabilities				(1,045)




Net liabilities				(1,045)

Capital and reserves
	Called up share capital		7	2



	Profit and loss account		8	(1,047)

Total equity				(1,045)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 28 February 2023
And signed on its behalf by:
S. Elsdon
Director
28 February 2023

for the period ended 31 July 2022

General information

Its registered number is: 13526537

Its registered office is:

Unit 11

Farnborough Business

Eelmoor Road

Farnborough

GU14 7XA

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Going concern

At the balance sheet date, the company had net liabilities of £1,045. The ability of the company to continue trading is dependent on the continued support of the director and the company’s creditors. The director is of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the director and the creditors of the company.

Accounting policies

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Investments in subsidiaries are held at cost less accumulated impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2022
			Number
		The average monthly number of employees (including directors) during the period:	2

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation

		Additions	51	51


		At 31 July 2022	51	51
		Provisions/Impairment





		Net book values
		At 31 July 2022	51	51

5	Debtors
			2022
			£





		Loans to directors	2


			2

6	Creditors:
		amounts falling due within one year
			2022
			£




		Trade creditors	117
		Amounts owed to group undertakings	51




		Accruals and deferred income	930
			1,098

7	Share capital
			2022
			£
		2 ordinary shares of £1 each	2
			2

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

At the Balance Sheet date the company was owed £2 from the directors.