Blue 7 Trading Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07605382 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Blue 7 Trading Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

2

821

2,380

CURRENT ASSETS

Debtors

5,204

6,608

Cash at bank

3,587

9,560

8,791

16,168

CREDITORS

Amounts falling due within one year

16,138

14,062

NET CURRENT (LIABILITIES)/ASSETS

(7,347

)

2,106

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,526

)

4,486

CREDITORS

Amounts falling due after more than one year

(3,943

)

(7,880

)

PROVISIONS FOR LIABILITIES

(164

)

(476

)

NET LIABILITIES

(10,633

)

(3,870

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(10,733

)

(3,970

)

SHAREHOLDERS' FUNDS

(10,633

)

(3,870

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2015 and were signed by:

J L Solomon - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on a going concern basis due to the continued support of the directors and from

bank finance. The company meets its day-to-day working capital requirements through this support.

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.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

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

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing differences between the

recognition of gains and losses in the financial statements and recognition in the tax computation.

A net deferred asset is recognised only if it can be regarded as more likely than not that there will be suitable

profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing

differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

6,234

DEPRECIATION

At 1 April 2014

3,854

Charge for year

1,559

At 31 March 2015

5,413

NET BOOK VALUE

At 31 March 2015

821

At 31 March 2014

2,380

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100