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BLUELIGHT GLOBAL SOLUTIONS LTD - Company Information

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Bluelight Global Solutions Ltd

Registered Number:07237422

For the year ended 31 March 2022

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2022

Bluelight Global Solutions Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

07237422

As at 31 March 2022

Bluelight Global Solutions Ltd

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

2,106

2,475

2,106

2,475

Current assets

Trade and other receivables

294,939

389,139

144,916

Cash and cash equivalents

154,357

543,496

439,855

Trade and other payables: amounts falling due within one

year

(186,666)

(367,008)

253,189

176,488

Net current assets

Total assets less current liabilities

178,594

255,664

Trade and other payables: amounts falling due after more

than one year

(153,000)

(117,000)

(400)

(470)

Provisions for liabilities

61,194

Net assets

102,194

Capital and reserves

Called up share capital

1,000

950

Retained earnings

60,194

101,244

61,194

102,194

Shareholders' funds

For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

R F Quick Director

These financial statements were approved and authorised for issue by the Board on 02 November 2022 and were signed by:

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Registered Number :

07237422

For the year ended 31 March 2022

Bluelight Global Solutions Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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For the year ended 31 March 2022

Bluelight Global Solutions Ltd

Notes to the Financial Statements

Statutory Information

Bluelight Global Solutions Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 07237422.

Registered address:

One Croydon

12-16 Addiscombe Road

Croydon

Surrey

CR0 0XT

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of consultancy services supplied by the company.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Intangible assets

Website development costs are charged to the profit & loss during the year.

Property, plant and equipment

Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

25% Straight line

Computer equipment

25% Straight line

Fixtures and fittings

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.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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For the year ended 31 March 2022

Bluelight Global Solutions Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or

valuation

At 01 April 2021

123,645

42,574

81,071

1,329

Additions

At 31 March 2022

81,071

43,903

124,974

Provision for depreciation and impairment

At 01 April 2021

121,170

40,346

80,824

Charge for year

1,698

1,451

247

At 31 March 2022

122,868

41,797

81,071

At 31 March 2022

Net book value

2,106

At 31 March 2021

247

2,228

2,475

3. Trade and other receivables

2021

2022

Trade debtors

48,433

114,305

Called up share capital not paid

250

200

Prepayments and accrued income

92,967

145,519

Taxation and social security

975

Other debtors

247,489

33,940

294,939

389,139

The debtors above include the following amounts falling due after more than one year:

Other debtors

62,000

4. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft

36,000

27,000

Trade creditors

132,895

140,320

Taxation and social security

15,967

6,775

Accruals and deferred income

181,237

9,287

Directors' loan accounts

Other creditors

888

3,263

367,008

186,666

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For the year ended 31 March 2022

Bluelight Global Solutions Ltd

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

117,000

153,000

The company had a business interruption loan of £180,000, the loan was drawn down on the 12th June 2020 and repayments commenced July 2021. The loan is repayable at £3,000 per month over 60 months.Amounts repayable between 2-5 years £117,000 (2021: £144,000)Amounts repayable more than 5 years £nil (2021: £9,000)

6. Related party transactions

During the year the company issued 50 ordinary £1 share shares to Eithne Birt, a director.

In the two years ending 31 March 2022, the company is under the control of Robert Quick, a director.

7. Guarantees and other financial commitments

Lease commitments

At 31 March 2022 the company had annual commitments under non-cancellable operating leases as set out below:

2021

2022

Operating leases which expire:

91,356

Within 1 year

68,517

159,873

Within 2 to 5 years

251,229

159,873

8. Average number of persons employed

During the year the average number of employees was 4 (2021 : 4)

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