Blue 7 Trading Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07605382 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Blue 7 Trading Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J L Solomon

REGISTERED OFFICE:

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

REGISTERED NUMBER:

07605382 (England and Wales)

ACCOUNTANTS:

Behegan Lynes

Accountancy & Taxation Advisers

Bank Chambers

Brook Street

Bishops Waltham

Hampshire

SO32 1AX

FIXED ASSETS

Tangible assets

4

931

-

CURRENT ASSETS

Debtors

5

13,613

8,613

Cash at bank

5,834

1,406

19,447

10,019

CREDITORS

Amounts falling due within one year

6

43,106

44,471

NET CURRENT LIABILITIES

(23,659

)

(34,452

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,728

)

(34,452

)

PROVISIONS FOR LIABILITIES

177

-

NET LIABILITIES

(22,905

)

(34,452

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

(23,005

)

(34,552

)

SHAREHOLDERS' FUNDS

(22,905

)

(34,452

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 6 December 2019 and were signed by:

J L Solomon - Director

1.	STATUTORY INFORMATION

Blue 7 Trading 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis due to the continued support of the director, together

with facilities with the bank and other finance. The company meets its day-to-day working capital requirements

through this support, which is expected to continue throughout the next twelve months.

If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets

to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify fixed assets as

current assets and long term liabilities as current liabilities.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant & machinery

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to

related parties and investments in non-puttable ordinary shares.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice

of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three

months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant

risk of change in value.

Creditors

Short term creditors are measured at the transaction price.

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.

Employee benefits

Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as

an expense in the period in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

6,234

Additions

1,241

Disposals

(130

)

At 31 March 2019

7,345

DEPRECIATION

At 1 April 2018

6,234

Charge for year

310

Eliminated on disposal

(130

)

At 31 March 2019

6,414

NET BOOK VALUE

At 31 March 2019

931

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade debtors

8,523

Other debtors

5,090

90

13,613

8,613

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Trade creditors

2,376

4,851

Taxation and social security

2,497

766

Other creditors

38,233

38,854

43,106

44,471

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

100

Ordinary

£1

100

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J L Solomon.

Blue 7 Trading Ltd - Accounts to registrar (filleted) - small 18.2

Blue 7 Trading Ltd - Accounts to registrar (filleted) - small 18.2