BLUE_PLANET_IT_LIMITED - Accounts

BLUE PLANET IT LIMITED - Company Information

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Company Registration No. 07184777 (England and Wales)

BLUE PLANET IT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BLUE PLANET IT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLUE PLANET IT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,881

365

Current assets

Debtors

36,561

39,188

Cash at bank and in hand

70,055

54,474

106,616

93,662

Creditors: amounts falling due within one year

(62,934)

(63,273)

Net current assets

43,682

30,389

Total assets less current liabilities

45,563

30,754

Provisions for liabilities

(376)

(73)

45,187

30,681

Capital and reserves

Called up share capital

1,030

Profit and loss account

44,157

29,651

Shareholders' funds

45,187

30,681

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 September 2016

Mr M.J. Backman

Mr S.J. Gordon

Director

Company Registration No. 07184777

BLUE PLANET IT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% straight line

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 April 2015

2,508

Additions

2,820

At 31 March 2016

5,328

Depreciation

At 1 April 2015

2,143

Charge for the year

1,304

At 31 March 2016

3,447

Net book value

At 31 March 2016

1,881

At 31 March 2015

365

BLUE PLANET IT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

30 A, B and C Ordinary Shares of £1 each

1,030