Bluestar Enterprise Limited - Limited company - abbreviated

REGISTERED NUMBER: 07388078 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2013

for

Bluestar Enterprise Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTOR:

N Thakrar

REGISTERED OFFICE:

Unit 4 Imperial Park

Stonefield Way

South Ruislip

Middlesex

HA4 0JW

REGISTERED NUMBER:

07388078 (England and Wales)

ACCOUNTANTS:

Montgomery Swann Ltd

Scotts Sufferance Wharf

1 Mill Street

London

SE1 2DE

FIXED ASSETS

Intangible assets

2

46,667

116,667

Tangible assets

3

-

106

46,667

116,773

CURRENT ASSETS

Stocks

2,191

665,002

Debtors

1,085,811

1,358,152

Cash at bank

360,745

120,842

1,448,747

2,143,996

CREDITORS

Amounts falling due within one year

1,184,865

1,903,494

NET CURRENT ASSETS

263,882

240,502

TOTAL ASSETS LESS CURRENT
LIABILITIES

310,549

357,275

CREDITORS

Amounts falling due after more than one
year

240,000

330,000

NET ASSETS

70,549

27,275

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

70,349

27,075

SHAREHOLDERS' FUNDS

70,549

27,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 September 2014 and were signed by:

N Thakrar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax. A sale is recognised on the despatch

of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Cost is based on the average cost and net realisable value is based on the estimated selling price.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

239,167

AMORTISATION

At 1 January 2013

122,500

Amortisation for year

70,000

At 31 December 2013

192,500

NET BOOK VALUE

At 31 December 2013

46,667

At 31 December 2012

116,667

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

174

Disposals

(174

)

At 31 December 2013

-

DEPRECIATION

At 1 January 2013

68

Eliminated on disposal

(68

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

106

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

200

Ordinary

£1

200

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2013 and

31 December 2012:

31.12.13

31.12.12

£

N Thakrar

Balance outstanding at start of year

479,692

38,964

Amounts advanced

-

939,992

Amounts repaid

(479,692

)

(499,264

)

Balance outstanding at end of year

-

479,692

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

31 December 2013 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Montgomery Swann Ltd

Scotts Sufferance Wharf

1 Mill Street

London

SE1 2DE

29 September 2014

Bluestar Enterprise Limited - Limited company - abbreviated - 11.0.0

Bluestar Enterprise Limited - Limited company - abbreviated - 11.0.0