Bluelight Global Solutions Ltd,Ltd - AccountsLtd - Accounts

Bluelight Global Solutions Ltd,Ltd - AccountsLtd - Accounts

BLUELIGHT GLOBAL SOLUTIONS LTD - Company Information

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2016-04-01 07237422 2017-03-31 07237422 2016-04-01 2017-03-31 07237422 2016-03-31 07237422 2015-04-01 2016-03-31 07237422 uk-core:WithinOneYear 2016-03-31 07237422 uk-core:WithinOneYear 2017-03-31 07237422 uk-core:ShareCapital 2017-03-31 07237422 uk-core:ShareCapital 2016-03-31 07237422 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 07237422 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 07237422 uk-bus:Director1 2016-04-01 2017-03-31 07237422 uk-core:ToolsEquipment 2016-04-01 2017-03-31 07237422 uk-core:FurnitureFittings 2016-04-01 2017-03-31 07237422 uk-core:ToolsEquipment 2016-03-31 07237422 uk-core:FurnitureFittings 2016-03-31 07237422 uk-core:FurnitureFittings 2017-03-31 07237422 uk-core:ToolsEquipment 2017-03-31 07237422 uk-core:BetweenTwoFiveYears 2017-03-31 iso4217:GBP 07237422 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 07237422 uk-bus:FRS102 2016-04-01 2017-03-31 07237422 uk-bus:FullAccounts 2016-04-01 2017-03-31 07237422 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Bluelight Global Solutions Ltd
Registered Number:07237422
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Bluelight Global Solutions Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2017
Bluelight Global Solutions Ltd
Statement of Financial Position
Registered Number :
07237422
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
46,627
60,578
2
46,627
60,578
Current assets
Trade and other receivables
313,732
374,989
3
338,834
Cash and cash equivalents
12,718
387,707
652,566
Trade and other payables: amounts falling due within one
year
(67,082)
(203,587)
4
585,484
184,120
Net current assets
Total assets less current liabilities
230,747
646,062
(8,859)
(12,116)
Provisions for liabilities
221,888
Net assets
633,946
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
220,888
632,946
221,888
633,946
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
R F Quick Director
These financial statements were approved and authorised for issue by the Board on 20 December 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
Bluelight Global Solutions Ltd
Notes to the Financial Statements
Statutory Information
Bluelight Global Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07237422.
Registered address:
One Croydon
12-16 Addiscombe Road
Croydon
Surrey
CR0 0XT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of consultancy services supplied by the company.
Intangible assets
Website development costs are charged to the profit & loss during the year.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
25% Straight line
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 March 2017
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 April 2016
106,749
30,113
76,636
9,293
6,653
2,640
Additions
At 31 March 2017
79,276
36,766
116,042
Provision for depreciation and impairment
At 01 April 2016
46,171
19,624
26,547
Charge for year
23,244
5,844
17,400
At 31 March 2017
69,415
25,468
43,947
At 31 March 2017
Net book value
35,329
11,298
46,627
At 31 March 2016
50,089
10,489
60,578
3. Trade and other receivables
2016
2017
£
£
Trade debtors
285,472
184,433
Other debtors
89,517
129,299
313,732
374,989
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
107,263
50,869
Taxation and social security
49,745
9,226
Other creditors
46,579
6,987
203,587
67,082
5. Related party transactions
During the year, total dividends of £50,667 (2016: £150,000) were paid to directors.
In the two years ending 31 March 2017, the company is under the control of Robert Quick, a director.
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6
For the year ended 31 March 2017
Bluelight Global Solutions Ltd
Notes to the Financial Statements Continued
6. Guarantees and other financial commitments
Lease commitments
At 31 March 2017 the company had annual commitments under non-cancellable operating leases as set out below:
2017
£
Operating leases which expire:
56,566
Within 1 year
98,991
Within 2 to 5 years
155,557
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