Blueiron Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04344170 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Blueiron Solutions Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R Gallie

Mrs M Gallie

SECRETARY:

Mrs M Gallie

REGISTERED OFFICE:

Rhyd Goch

Cwm Bach

Whitland

Carmarthenshire

SA34 0DT

REGISTERED NUMBER:

04344170 (England and Wales)

ACCOUNTANTS:

Ashmole & Co.

Chartered Certified Accountants

The Old School

The Quay

Carmarthen

Carmarthenshire

SA31 3LN

FIXED ASSETS

Tangible assets

4

717

783

CURRENT ASSETS

Debtors

23,721

11,400

Cash at bank

59,796

21,503

83,517

32,903

CREDITORS

Amounts falling due within one year

24,005

12,726

NET CURRENT ASSETS

59,512

20,177

TOTAL ASSETS LESS CURRENT LIABILITIES

60,229

20,960

PROVISIONS FOR LIABILITIES

136

71

NET ASSETS

60,093

20,889

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

60,091

20,887

SHAREHOLDERS' FUNDS

60,093

20,889

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 September 2018 and were signed on its behalf by:

N R Gallie - Director

1.	STATUTORY INFORMATION

Blueiron Solutions Ltd is a private company, limited by shares , registered in England and Wales. 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2017

5,359

Additions

349

At 31 December 2017

5,708

DEPRECIATION

At 1 January 2017

4,576

Charge for year

415

At 31 December 2017

4,991

NET BOOK VALUE

At 31 December 2017

717

At 31 December 2016

783

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Director Loan Account

Amounts owing to the Directors as at 01/01/17 £3,816

Movement in the year £ 693

Amounts owing to the Directors as at 31/12/17 £4,509

6.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr & Mrs R Gallie.