Blue Build Insulation Ltd 30/09/2022 iXBRL
Blue Build Insulation Ltd 30/09/2022 iXBRL
Company registration number:
NI608229
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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22 Great Victora Street | ||
Belfast | ||
BT2 7BA | ||
Report to the board of directors on the preparation of the
unaudited statutory financial statements of
Blue Build Insulation Ltd
Year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blue Build Insulation Ltd for the year ended 30 September 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of Blue Build Insulation Ltd, as a body, in accordance with the terms of our engagement letter dated 10 November 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Blue Build Insulation Ltd and state those matters that we have agreed to state to the board of directors of Blue Build Insulation Ltd as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blue Build Insulation Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Blue Build Insulation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blue Build Insulation Ltd. You consider that Blue Build Insulation Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Blue Build Insulation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
22 Great Victora Street
Belfast
BT2 7BA
27 June 2023
Abridged statement of financial position
30 September 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
27 June 2023
, and are signed on behalf of the board by:
Director
Company registration number:
NI608229
Notes to the financial statements
Year ended 30 September 2022
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Blue Build Insulation Ltd, Unit 1 Bluebuild Business Park, 210 Quarry Heights, Newtownards, Co. Down, BT23 7SZ.
The principal activity of the company is the provision of insulation and related services.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Motor vehicles | - |
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Impairment
Stocks
Government grants
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Other operating income
2022 | 2021 | |||
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Government grant income | - |
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Other operating income | - |
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5.
Employee numbers
The average number of persons employed by the company during the year amounted to
10
(2021:
10
).
6.
Tangible assets
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Cost | ||
At 1 October 2021 |
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Disposals |
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At 30 September 2022 |
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Depreciation | ||
At 1 October 2021 |
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Charge for the year |
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Disposals |
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At 30 September 2022 |
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Carrying amount | ||
At 30 September 2022 |
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At 30 September 2021 |
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7.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | ||||
2022 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
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2021 | ||||
Balance brought forward | Advances /(credits) to the directors | Balance o/standing | ||
£ | £ | £ | ||
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All balances are unsecured, interest free and repayable on demand.
8.
Related party transactions
9.
Controlling party