Blueberry Trading Network Limited Filleted accounts for Companies House (small and micro)

BLUEBERRY TRADING NETWORK LIMITED - Company Information

false false false false false false false false false true false false false false false true true No description of principal activity 2018-08-01 Sage Accounts Production Advanced 2019 - FRS102_2014 588 340 62 402 186 248 xbrli:pure xbrli:shares iso4217:GBP 09494041 2018-08-01 2019-07-31 09494041 2019-07-31 09494041 2018-07-31 09494041 2018-07-31 09494041 core:FurnitureFittings 2018-08-01 2019-07-31 09494041 bus:OrdinaryShareClass1 2018-08-01 2019-07-31 09494041 bus:OrdinaryShareClass2 2018-08-01 2019-07-31 09494041 bus:Director1 2018-08-01 2019-07-31 09494041 core:FurnitureFittings 2018-07-31 09494041 core:FurnitureFittings 2019-07-31 09494041 core:WithinOneYear 2019-07-31 09494041 core:WithinOneYear 2018-07-31 09494041 core:ShareCapital 2019-07-31 09494041 core:ShareCapital 2018-07-31 09494041 core:RetainedEarningsAccumulatedLosses 2019-07-31 09494041 core:RetainedEarningsAccumulatedLosses 2018-07-31 09494041 core:FurnitureFittings 2018-07-31 09494041 bus:SmallEntities 2018-08-01 2019-07-31 09494041 bus:AuditExempt-NoAccountantsReport 2018-08-01 2019-07-31 09494041 bus:FullAccounts 2018-08-01 2019-07-31 09494041 bus:SmallCompaniesRegimeForAccounts 2018-08-01 2019-07-31 09494041 bus:PrivateLimitedCompanyLtd 2018-08-01 2019-07-31 09494041 bus:OrdinaryShareClass1 2019-07-31 09494041 bus:OrdinaryShareClass1 2018-07-31 09494041 bus:OrdinaryShareClass2 2019-07-31 09494041 bus:OrdinaryShareClass2 2018-07-31 09494041 bus:AllOrdinaryShares 2019-07-31 09494041 bus:AllOrdinaryShares 2018-07-31 09494041 core:EntitiesControlledByKeyManagementPersonnel 2018-08-01 2019-07-31

COMPANY REGISTRATION NUMBER: 09494041

BLUEBERRY TRADING NETWORK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2019

BLUEBERRY TRADING NETWORK LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2019

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

BLUEBERRY TRADING NETWORK LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2019

	2019		2018
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		186		248

CURRENT ASSETS

Stocks		78,580	130,778
Debtors	5	533,855	456,868
Cash at bank and in hand		180,428	144,176
		----------	----------
		792,863	731,822

CREDITORS: amounts falling due within one year	6	( 985,736)		( 1,012,834)
		----------		-------------
NET CURRENT LIABILITIES			( 192,873)		( 281,012)
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 192,687)		( 280,764)
			----------		----------
NET LIABILITIES			( 192,687)		( 280,764)
			----------		----------

BLUEBERRY TRADING NETWORK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2019

	2019		2018
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	7	500	500
Profit and loss account		( 193,187)	( 281,264)
		----------	----------
SHAREHOLDER DEFICIT		( 192,687)	( 280,764)
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 July 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 July 2020 , and are signed on behalf of the board by:

Mr E D Konig
Director

Company registration number: 09494041

BLUEBERRY TRADING NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2019

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared in accordance with accounting principles appropriate to a Going Concern notwithstanding the deficiency in Net Assets at the Balance Sheet date. The director considers this to be appropriate having regard to the company having being able to settle its liabilities as they fall due after the Balance Sheet date together with the continuing provision of financial facilities by its outstanding major creditor who has not issued any demand for repayment of the outstanding amount since the Balance Sheet date. In addition, the director confirms that no such demand will be made within one year following upon the presentation and approval of these financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Furniture & equipment	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. TANGIBLE ASSETS

	Furniture & equipment	Total
	£	£
Cost
At 1 August 2018 and 31 July 2019	588	588
	----	----
Depreciation
At 1 August 2018	340	340
Charge for the year	62	62
	----	----
At 31 July 2019	402	402
	----	----
Carrying amount
At 31 July 2019	186	186
	----	----
At 31 July 2018	248	248
	----	----

5. DEBTORS

	2019	2018
	£	£
Trade debtors	423,402	419,726
Other debtors	110,453	37,142
	----------	----------
	533,855	456,868
	----------	----------

6. CREDITORS: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	337,333	927,592
Social security and other taxes	1,578	–
Other creditors	646,825	85,242
	----------	-------------
	985,736	1,012,834
	----------	-------------

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary A shares of £ 1 each	100	100	100	100
Ordinary B shares of £ 1 each	400	400	400	400
	----	----	----	----
	500	500	500	500
	----	----	----	----

8. RELATED PARTY TRANSACTIONS

Included in other debtors are loans aggregating £102,758 due from companies connected with the director and shareholders. The loans are interest-free and repayable on demand. Included in trade creditors are loans aggregating £568,619 due to companies connected with the director and shareholders. The loans are interest-free and repayable on demand.