Blue Contracts Limited - Accounts to registrar (filleted) - small 17.3
Blue Contracts Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 June 2017 |
| for |
| BLUE CONTRACTS LIMITED |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Contents of the Financial Statements |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 7 |
| BLUE CONTRACTS LIMITED |
| Company Information |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 1 Beauchamp Court |
| 10 Victors Way |
| Barnet |
| Hertfordshire |
| EN5 5TZ |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Statement of Financial Position |
| 30 JUNE 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
| PROVISIONS FOR LIABILITIES | 7 | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Fair value reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Statement of Financial Position - continued |
| 30 JUNE 2017 |
| 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 |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Notes to the Financial Statements |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Blue Contracts Limited is a |
| 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 |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 30 June 2017 are the first that are prepared in accordance with FRS |
| 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 July 2015. |
| 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 |
| Freehold property | - |
| 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 have been enacted or |
| substantively enacted by the statement of financial position date. |
| 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. |
| 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. |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST OR VALUATION |
| At 1 July 2016 |
| Revaluations |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| Cost or valuation at 30 June 2017 is represented by: |
| Freehold |
| property |
| £ |
| Valuation in 2017 | 750,632 |
| Cost | 2,249,368 |
| 3,000,000 |
| If Freehold Properties had not been revalued they would have been included at the following historical cost: |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Cost | 2,249,368 | - |
| Value of land in freehold land and buildings | 3,000,000 | - |
| Freehold Properties were valued on Fair Value basis on 1 July 2016 by The Director of the Company . |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | 12,755 | 7,897 |
| Directors' current accounts | 1,827,522 | 1,772,033 |
| Accrued expenses |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Other loans (see note 6) | ( |
) |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Solarprobe Ltd | (86,275 | ) | 27,519 |
| 6. | LOANS |
| An analysis of the maturity of loans is given below: |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Solarprobe Ltd | (86,275 | ) | 27,519 |
| 7. | PROVISIONS FOR LIABILITIES |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Deferred tax | 150,126 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 30 June 2017 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
| value: | £ | £ |
| Ordinary | £1 | 1,000 | 1,000 |
| Ordinary B | £1 | 100 | 100 |
| 1,100 | 1,100 |
| BLUE CONTRACTS LIMITED (REGISTERED NUMBER: 07444338) |
| Notes to the Financial Statements - continued |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| 9. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 July 2016 | 534,095 |
| Profit for the year |
| Additions | - | 600,506 | 600,506 |
| At 30 June 2017 | 1,232,863 |