Blue Planet Networking Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 04310026

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Blue Planet Networking Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P B Crookes

SECRETARY:

REGISTERED OFFICE:

The Springboard Centre

Mantle Lane

Coalville

Leics

LE67 3DW

REGISTERED NUMBER:

04310026

ACCOUNTANTS:

Elverstone Large Ltd

Chartered Certified Accountants

Temple Chambers

16A Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

4

11,569

12,980

CURRENT ASSETS

Stocks

1,820

2,195

Debtors

5

29,090

12,751

Cash at bank and in hand

30,706

44,585

61,616

59,531

CREDITORS

Amounts falling due within one year

6

47,099

60,365

NET CURRENT ASSETS/(LIABILITIES)

14,517

(834

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,086

12,146

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,084

12,144

SHAREHOLDERS' FUNDS

26,086

12,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 8 January 2018 and were signed by:

P B Crookes - Director

1.	STATUTORY INFORMATION

Blue Planet Networking Limited is a private company, limited by shares , registered in

Not specified/Other. The company's registered number and registered office address can

be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the

Income Statement, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements.

Deferred tax is measured using tax rates and laws that have been enacted or

substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent

that it is probable that they will be recovered against the reversal of deferred tax

liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2016

and 31 October 2017

36,931

DEPRECIATION

At 1 November 2016

23,951

Charge for year

1,411

At 31 October 2017

25,362

NET BOOK VALUE

At 31 October 2017

11,569

At 31 October 2016

12,980

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

22,313

5,229

Other debtors

6,777

7,522

29,090

12,751

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,774

8,894

Taxation and social security

23,666

16,162

Other creditors

21,659

35,309

47,099

60,365