Blue Spear Limited - Period Ending 2015-03-31

Registration number: 06394660

Blue Spear Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Sterlings Ltd
Chartered Accountants
3rd Floor
Lawford House
Albert Place
London
N3 1QA

Blue Spear Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Blue Spear Limited
(Registration number: 06394660)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					29,734			39,646
Current assets
Debtors					1,642			114
Cash at bank and in hand					22,934			24,370
					24,576			24,484
Creditors: Amounts falling due within one year					(18,086)			(4,663)
Net current assets					6,490			19,821
Net assets					36,224			59,467
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					36,124			59,367
Shareholders' funds					36,224			59,467

For the year ending 31 March 2015 the company was entitled to exemption 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 1 December 2015

.........................................
R Doran
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Blue Spear Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings & equipment	25% per annum reducing balance method
Motor vehicles	25% per annum reducing balance method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Blue Spear Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		87,951			87,951
At 31 March 2015		87,951			87,951
Depreciation
At 1 April 2014		48,305			48,305
Charge for the year		9,912			9,912
At 31 March 2015		58,217			58,217
Net book value
At 31 March 2015		29,734			29,734
At 31 March 2014		39,646			39,646

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3