Abbreviated Company Accounts - BLUESTORM DESIGN & MARKETING LIMITED

BLUESTORM DESIGN & MARKETING LIMITED - Company Information

Registered Number 04097745

BLUESTORM DESIGN & MARKETING LIMITED

Abbreviated Accounts

31 March 2014

BLUESTORM DESIGN & MARKETING LIMITED Registered Number 04097745

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	34,600	51,900
Tangible assets	3	626,996	603,470
		661,596	655,370
Current assets
Debtors		696,253	684,091
Cash at bank and in hand		292,924	246,688
		989,177	930,779
Creditors: amounts falling due within one year	4	(364,588)	(422,704)
Net current assets (liabilities)		624,589	508,075
Total assets less current liabilities		1,286,185	1,163,445
Creditors: amounts falling due after more than one year	4	(297,570)	(308,674)
Provisions for liabilities		(23,632)	(22,362)
Total net assets (liabilities)		964,983	832,409
Capital and reserves
Called up share capital		7,600	7,600
Other reserves		510	510
Profit and loss account		956,873	824,299
Shareholders' funds		964,983	832,409

For the year ending 31 March 2014 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 14 October 2014

And signed on their behalf by:
A S CAWLEY, Director

BLUESTORM DESIGN & MARKETING LIMITED Registered Number 04097745

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 2% straight line
Fixtures & Fittings - 15% reducing balance
Motor Vehicles - 20% straight line
Equipment - 25% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - 20% straight line

2Intangible fixed assets

	£
Cost
At 1 April 2013	89,470
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	89,470
Amortisation
At 1 April 2013	37,570
Charge for the year	17,300
On disposals	-
At 31 March 2014	54,870
Net book values
At 31 March 2014	34,600
At 31 March 2013	51,900

3Tangible fixed assets

	£
Cost
At 1 April 2013	703,738
Additions	61,769
Disposals	(4,205)
Revaluations	-
Transfers	-
At 31 March 2014	761,302
Depreciation
At 1 April 2013	100,268
Charge for the year	38,243
On disposals	(4,205)
At 31 March 2014	134,306
Net book values
At 31 March 2014	626,996
At 31 March 2013	603,470

4Creditors

	2014 £	2013 £
Secured Debts	346,737	364,181
Instalment debts due after 5 years	171,460	208,960