BLUESTREAK_ARTS_LTD - Accounts

BLUESTREAK ARTS LTD - Company Information

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Company Registration No. 6680227 (England and Wales)

BLUESTREAK ARTS LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 AUGUST 2015

BLUESTREAK ARTS LTD

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

BLUESTREAK ARTS LTD

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BLUESTREAK ARTS LTD FOR THE YEAR ENDED 29 AUGUST 2015

- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bluestreak Arts Ltd for the year ended 29 August 2015 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Bluestreak Arts Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bluestreak Arts Ltd and state those matters that we have agreed to state to the Board of Directors of Bluestreak Arts Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluestreak Arts Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Bluestreak Arts 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 Bluestreak Arts Ltd. You consider that Bluestreak Arts 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 Bluestreak Arts 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.

Moore and Smalley LLP

Chartered Accountants

Richard House

9 Winckley Square

Preston

PR1 3HP

25 May 2016

BLUESTREAK ARTS LTD

ABBREVIATED BALANCE SHEET

AS AT

29 AUGUST 2015

- 2 -

2015

2014

Notes

Current assets

Debtors

431

Cash at bank and in hand

26,066

30,417

26,067

30,848

Creditors: amounts falling due within one year

(27,410)

(40,478)

Total assets less current liabilities

(1,343)

(9,630)

Capital and reserves

Profit and loss account

(1,343)

(9,630)

Shareholders' funds

(1,343)

(9,630)

For the financial year ended 29 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 May 2016

Mrs S C Abreu-Bourne

Director

Company Registration No. 6680227

BLUESTREAK ARTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 AUGUST 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents grants and donations receivable in the year.

1.4

Tangible fixed assets and 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:

Plant and machinery

33.33% straightline

Motor vehicles

25% reducing balance

1.5

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

Fixed assets

Tangible assets

Cost

At 30 August 2014 & at 29 August 2015

1,602

Depreciation

At 30 August 2014 & at 29 August 2015

1,602

Net book value

At 29 August 2015

BLUESTREAK ARTS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 AUGUST 2015

- 4 -

Share capital

The company has no share capital and is limited by guarantee. The guarantee is limited to a maximum of £10 per member.