Blue Clarity Design Services Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: NI621719 (Northern Ireland)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

BLUE CLARITY DESIGN SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Fenton

Mr H Morgan

SECRETARY:

REGISTERED OFFICE:

The Belfry

54a Main Street

Newcastle

Co. Down

BT33 0AE

REGISTERED NUMBER:

NI621719 (Northern Ireland)

ACCOUNTANTS:

Tanya Mack & Co

Chartered Certified Accountants

Registered Auditors

99 - 101 Central Promenade

Newcastle

Co. Down

BT33 0HH

FIXED ASSETS

Intangible assets

4

15,000

17,500

Tangible assets

5

19,593

30,434

34,593

47,934

CURRENT ASSETS

Stocks

113,796

179,377

Debtors

6

456,415

533,438

Cash in hand

3

3

570,214

712,818

CREDITORS

Amounts falling due within one year

7

327,020

428,872

NET CURRENT ASSETS

243,194

283,946

TOTAL ASSETS LESS CURRENT LIABILITIES

277,787

331,880

CREDITORS

Amounts falling due after more than one year

8

277,066

300,570

NET ASSETS

721

31,310

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

621

31,210

SHAREHOLDERS' FUNDS

721

31,310

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

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

The directors acknowledge their 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 Board of Directors on 23 March 2018 and were signed on its behalf by:

Mr D Fenton - Director

Mr H Morgan - Director

1.	STATUTORY INFORMATION

Blue Clarity Design Services Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2016 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2017

and 31 December 2017

25,000

AMORTISATION

At 1 January 2017

7,500

Charge for year

2,500

At 31 December 2017

10,000

NET BOOK VALUE

At 31 December 2017

15,000

At 31 December 2016

17,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

44,937

DEPRECIATION

At 1 January 2017

14,503

Charge for year

10,841

At 31 December 2017

25,344

NET BOOK VALUE

At 31 December 2017

19,593

At 31 December 2016

30,434

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

382,808

533,438

Other debtors

73,607

-

456,415

533,438

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

20,330

17,833

Trade creditors

99,472

126,829

Taxation and social security

197,904

260,309

Other creditors

9,314

23,901

327,020

428,872

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

277,066

300,570