BlueGrey Consulting Limited - Period Ending 2017-04-30

Registration number: 10140933

BlueGrey Consulting Limited

Annual Report and Unaudited Financial Statements

for the Period from 22 April 2016 to 30 April 2017

Wisteria Limited
The Grange Barn
Pikes End
Pinner
Middlesex
HA5 2EX

BlueGrey Consulting Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

BlueGrey Consulting Limited

Company Information

Director

CCM Bellanger

Company secretary

Wisteria Registrars Limited

Registered office

Wisteria Grange Barn Pikes End Pinner London HA5 2EX

Accountants

Wisteria Limited The Grange Barn Pikes End Pinner Middlesex HA5 2EX

Page 1

BlueGrey Consulting Limited

(Registration number: 10140933)
Balance Sheet as at 30 April 2017

	Note	2017 £
Current assets
Cash at bank and in hand		100
Creditors: Amounts falling due within one year	4	(1,925)
Net liabilities		(1,825)
Capital and reserves
Called up share capital		100
Profit and loss account		(1,925)
Total equity		(1,825)

For the financial period ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 January 2018
 

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

CCM Bellanger

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

BlueGrey Consulting Limited

Notes to the Financial Statements for the Period from 22 April 2016 to 30 April 2017

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Wisteria Grange Barn
Pikes End
Pinner
London
HA5 2EX
 

These financial statements were authorised for issue by the director on 19 January 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 and the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Page 3

BlueGrey Consulting Limited

Notes to the Financial Statements for the Period from 22 April 2016 to 30 April 2017

Tax

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Page 4

BlueGrey Consulting Limited

Notes to the Financial Statements for the Period from 22 April 2016 to 30 April 2017

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Creditors

Creditors: amounts falling due within one year

	2017 £
Due within one year
Accruals and deferred income	1,920
Other creditors	5
	1,925

Page 5