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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 2021

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2021

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 2021

Bluelight Global Solutions Ltd

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

2,475

2,786

2,475

2,786

Current assets

Trade and other receivables

136,045

294,939

8,982

Cash and cash equivalents

144,916

439,855

145,027

Trade and other payables: amounts falling due within one

year

(70,905)

(186,666)

74,122

253,189

Net current assets

Total assets less current liabilities

255,664

76,908

Trade and other payables: amounts falling due after more

than one year

(153,000)

(470)

(529)

Provisions for liabilities

102,194

Net assets

76,379

Capital and reserves

Called up share capital

950

750

Retained earnings

101,244

75,629

102,194

76,379

Shareholders' funds

For the year ended 31 March 2021 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 2021 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their 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 22 December 2021 and were signed by:

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Registered Number :

07237422

For the year ended 31 March 2021

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 2021

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 2021

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 2020

122,062

40,991

81,071

1,583

Additions

At 31 March 2021

81,071

42,574

123,645

Provision for depreciation and impairment

At 01 April 2020

119,276

38,896

80,380

Charge for year

1,894

1,450

444

At 31 March 2021

121,170

40,346

80,824

At 31 March 2021

Net book value

247

2,228

2,475

At 31 March 2020

691

2,095

2,786

3. Trade and other receivables

2020

2021

Trade debtors

114,305

43,193

Called up share capital not paid

200

Prepayments and accrued income

145,519

28,689

Taxation and social security

975

30,075

Other debtors

33,940

34,088

136,045

294,939

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

2020

2021

Bank loans and overdraft

27,000

Trade creditors

140,320

28,992

Taxation and social security

6,775

24,582

Accruals and deferred income

9,287

9,236

Directors' loan accounts

Other creditors

3,263

8,074

186,666

70,905

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For the year ended 31 March 2021

Bluelight Global Solutions Ltd

Notes to the Financial Statements Continued

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

2020

2021

Bank loans and overdraft

153,000

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

6. Related party transactions

During the year the company issued 200 ordinary £1 share shares to David Wood, a director.

In the two years ending 31 March 2021, the company is under the control of Robert Quick, a director.

7. Guarantees and other financial commitments

Lease commitments

At 31 March 2021 the company had annual commitments under non-cancellable operating leases as set out

below:

2020

2021

Operating leases which expire:

91,356

Within 1 year

159,873

68,517

Within 2 to 5 years

159,873

251,229

8. Average number of persons employed

During the year the average number of employees was 4 (2020 : 4)

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