Bluelight Global Solutions Ltd,Ltd - Accounts

BLUELIGHT GLOBAL SOLUTIONS LTD - Company Information

Print Friendly Version

Bluelight Global Solutions Ltd

For the year ended 31 March 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07237422

Contents Page

Bluelight Global Solutions Ltd

For the year ended 31 March 2016

Balance Sheet

2 to 3

Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Bluelight Global Solutions Ltd

As at 31 March 2016

07237422

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

60,578

5,982

60,578

5,982

Current assets

Debtors

369,712

313,732

Cash at bank and in hand

338,834

99,082

652,566

468,794

Creditors: amounts falling due within one year

(212,773)

(67,082)

256,021

585,484

Net current assets

Total assets less current liabilities

646,062

262,003

(12,116)

(1,196)

Provisions for liabilities

633,946

Net assets

260,807

Capital and reserves

Called up share capital

1,000

Profit and loss account

632,946

259,807

633,946

260,807

Shareholders funds

For the 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: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 02 November 2016

R F Quick Director

Signed on behalf of the board of directors

1 of 3

Notes to the Abbreviated Financial Statements

Bluelight Global Solutions Ltd

For the year ended 31 March 2016

1 Accounting Policies

Basis of accounting

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

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

Website Cost

Planning and operating costs for the company's website are charged to the profit and loss account as incurred.

Foreign currency

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.

Deferred taxation

Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, 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:

Computer Equipment

25% Straight line

Fixtures and Fittings

25% Straight line

2 of 3

Notes to the Abbreviated Financial Statements

Bluelight Global Solutions Ltd

For the year ended 31 March 2016

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

30,972

At 01 April 2015

75,777

Additions

At 31 March 2016

106,749

Depreciation

24,990

At 01 April 2015

21,181

Charge for year

46,171

At 31 March 2016

Net book values

At 31 March 2016

60,578

5,982

At 31 March 2015

3 Share capital

Allotted called up and fully paid

2016

2015

1,000 Ordinary shares of £1.00 each

1,000

3 of 3