Blue Light Card Ltd - Period Ending 2015-04-30

Registration number: 06581540

Blue Light Card Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Farrars Limited
  Chartered Accountants
  9 John Tiltman Drive
  Loughborough
  Leicestershire
  LE11 2PU

Blue Light Card Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Blue Light Card Ltd (Registration number: 06581540 )
  Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					14,814			21,511
Current assets
Stocks					4,800			4,040
Debtors					100,375			20,494
Cash at bank and in hand					152,444			52,344
					257,619			76,878
Creditors: Amounts falling due within one year					(76,603)			(21,535)
Net current assets					181,016			55,343
Total assets less current liabilities					195,830			76,854
Provisions for liabilities					(2,963)			(4,302)
Net assets					192,867			72,552
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					191,867			71,552
Shareholders' funds					192,867			72,552

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 27 January 2016 and signed on its behalf by:

.........................................
T J Dalby
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
  Page 1

Blue Light Card Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the amount invoiced for goods and services supplied during the year. Turnover is recognised upon completion of service or despatch of goods.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	3 years straight line
Fixtures and fittings	25% reducing balance method
Office equipment	25% reducing balance method
Software	5 years straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Blue Light Card Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		30,350			30,350
At 30 April 2015		30,350			30,350
Depreciation
At 1 May 2014		8,839			8,839
Charge for the year		6,697			6,697
At 30 April 2015		15,536			15,536
Net book value
At 30 April 2015		14,814			14,814
At 30 April 2014		21,511			21,511

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		-			580

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 3