Bluecrab Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06233685 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Bluecrab Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

Mrs N J Mitchell

SECRETARY:

W R C Mitchell

REGISTERED OFFICE:

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

REGISTERED NUMBER:

06233685 (England and Wales)

ACCOUNTANTS:

John Chappelle

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

FIXED ASSETS

Tangible assets

4

286

488

CURRENT ASSETS

Debtors

5

25,623

24,996

Cash at bank

2,624

3,424

28,247

28,420

CREDITORS

Amounts falling due within one year

6

15,551

14,527

NET CURRENT ASSETS

12,696

13,893

TOTAL ASSETS LESS CURRENT LIABILITIES

12,982

14,381

PROVISIONS FOR LIABILITIES

54

98

NET ASSETS

12,928

14,283

CAPITAL AND RESERVES

Called up share capital

7

125

125

Retained earnings

8

12,803

14,158

SHAREHOLDERS' FUNDS

12,928

14,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 29 January 2018 and were signed by:

Mrs N J Mitchell - Director

1.	STATUTORY INFORMATION

Bluecrab Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

Revenue is recognised in accordance with Financial Reporting Standard 5 ' Reporting the substance of

transactions: Application Note G Revenue Recognition ' where the company has obtained a right to

consideration. Turnover as recognised in this manner is based on an assessment of the fair value of the goods and

services provided at the balance sheet as a proportion of the total value of the contract. Provision is made against

unbilled amounts on those contracts where the right to receive payment is contingent on factors outside the

control of the company. Unbilled revenue is included in debtors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

2,506

2,303

4,809

DEPRECIATION

At 1 May 2016

2,445

1,876

4,321

Charge for year

61

141

202

At 30 April 2017

2,506

2,017

4,523

NET BOOK VALUE

At 30 April 2017

-

286

286

At 30 April 2016

61

427

488

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

18,367

19,421

Amounts recoverable on contract

6,702

5,000

Other debtors

25

25

Prepayments

529

550

25,623

24,996

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Bank loans and overdrafts

38

20

Trade creditors

-

1,971

Tax

722

13

Social security and other taxes

200

355

Other creditors

3,500

5,000

Credit Card

1,633

-

Directors' current accounts

7,558

5,473

Accrued expenses

1,900

1,695

15,551

14,527

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.17

30.4.16

value:

£

£

100

Ordinary shares

£1

125

125

8.

RESERVES

Retained

earnings

£

At 1 May 2016

14,158

Profit for the year

2,645

Dividends

(4,000

)

At 30 April 2017

12,803

9.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention

and in accordance with the Financial Reporting Standards for Smaller Entities (effective from January 2015) as

at 1st May 2016.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Bluecrab Ltd for the year ended 30 April 2017 which comprise the Statement of Income and

Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bluecrab Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bluecrab Ltd and state those matters that we have agreed to state to the director of Bluecrab Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bluecrab Ltd and its director for our work or for this report.

It is your duty to ensure that Bluecrab Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bluecrab Ltd. You consider that Bluecrab Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bluecrab Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

John Chappelle

15 Wheeler Gate

C/o Insight

Nottingham

Nottinghamshire

NG1 2NA

Date: .............................................