Blue Enclosure Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC456874 (Scotland)

Financial Statements for the Year Ended 31 July 2018

for

BLUE ENCLOSURE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Flannagan

REGISTERED OFFICE:

12 Traill Drive

Montrose

Angus

DD10 8SW

REGISTERED NUMBER:

SC456874 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

608

811

CURRENT ASSETS

Debtors

5

8,411

8,725

Cash at bank

42,076

46,624

50,487

55,349

CREDITORS

Amounts falling due within one year

6

13,768

21,433

NET CURRENT ASSETS

36,719

33,916

TOTAL ASSETS LESS CURRENT LIABILITIES

37,327

34,727

CAPITAL AND RESERVES

Called up share capital

10

8

Retained earnings

37,317

34,719

SHAREHOLDERS' FUNDS

37,327

34,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director on 28 January 2019 and were signed by:

D Flannagan - Director

1.	STATUTORY INFORMATION

Blue Enclosure Ltd is a private company, limited by shares , registered in Scotland. 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.

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss

Account, 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 material 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2017

and 31 July 2018

1,773

DEPRECIATION

At 1 August 2017

962

Charge for year

203

At 31 July 2018

1,165

NET BOOK VALUE

At 31 July 2018

608

At 31 July 2017

811

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

8,411

8,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

8,176

15,208

Other creditors

5,592

6,225

13,768

21,433

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,800 (2017 - £18,000) were paid to the director .

The company was under the control of the director, D Flannagan, throughout the current and previous

year.

During the year the company repaid the director net amounts totalling £753. As at 31 July 2018

included within other creditors is a balance outstanding due to the director of £4,692 (2017 - £5,445).

No interest has been paid on this loan.