Bluubean Limited - Period Ending 2016-06-30

Registration number: 09626270

Bluubean Limited

Unaudited Abbreviated Accounts

for the Period from 5 June 2015 to 30 June 2016

 

Northern Accountants Ltd
Olympus House
2 Howley Park Business Village
Leeds
West Yorkshire
LS27 0BZ

Bluubean Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bluubean Limited
for the Period Ended 30 June 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bluubean Limited for the period ended 30 June 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bluubean Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Bluubean Limited and state those matters that we have agreed to state to them.

It is your duty to ensure that Bluubean Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bluubean Limited. You consider that Bluubean Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Bluubean Limited. 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 accounts.

......................................

Northern Accountants Ltd
Olympus House
2 Howley Park Business Village
Leeds
West Yorkshire
LS27 0BZ

22 August 2016

Page 1

Bluubean Limited
(Registration number: 09626270)
Abbreviated Balance Sheet at 30 June 2016

		Note			30 June 2016 £
Current assets
Stocks					222,735
Debtors					2
Cash at bank and in hand					77,265
					300,002
Creditors: Amounts falling due within one year					(295)
Total assets less current liabilities					299,707
Creditors: Amounts falling due after more than one year					(300,000)
Net liabilities					(293)
Capital and reserves
Called up share capital		3			2
Profit and loss account					(295)
Shareholders' deficit					(293)

For the year ending 30 June 2016 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 directors acknowledge their 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 Board on 22 August 2016 and signed on its behalf by:

.........................................
Mr Vincent Paul Kerr
Director

.........................................
Mr Lee Vincent Kerr
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Bluubean Limited
Notes to the Abbreviated Accounts for the Period from 5 June 2015 to 30 June 2016
......... 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 January 2015).

Investment properties

Investment properties are held for Capital appreciation and/or rental income, Investment properties are not depreciated but are held at market value and revalued every five years.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

2

Creditors

Included in the creditors are the following amounts due after more than five years:

		30 June 2016 £
After more than five years by instalments		300,000

3	Share capital

Allotted, called up and fully paid shares

	30 June 2016
		No.			£
Ordinary Share Capital of £1 each		2			2

Page 3