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

BLUEBERRY CONSULTANCY NETWORK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09609847

BLUEBERRY CONSULTANCY NETWORK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2021

BLUEBERRY CONSULTANCY NETWORK LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

BLUEBERRY CONSULTANCY NETWORK LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2021

	2021		2020
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	2,908	3,877
Investments	6	3	3
		-------	-------
		2,911	3,880

CURRENT ASSETS

Debtors	7	342,146	285,801
Cash at bank and in hand		9,551	4,664
		----------	----------
		351,697	290,465

CREDITORS: amounts falling due within one year	8	( 84,807)		( 33,436)
		----------		----------
NET CURRENT ASSETS			266,890		257,029
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			269,801		260,909
			----------		----------
NET ASSETS			269,801		260,909
			----------		----------

BLUEBERRY CONSULTANCY NETWORK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2021

	2021		2020
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	102	102
Profit and loss account	269,699	260,807
	----------	----------
SHAREHOLDER FUNDS	269,801	260,909
	----------	----------

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 Section 1A of 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 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 20 July 2022 , and are signed on behalf of the board by:

Mr E D Konig

Director

Company registration number: 09609847

BLUEBERRY CONSULTANCY NETWORK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2021

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 on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

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.

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:

Leasehold property	-	Over the life of the lease
Fixtures, fittings and equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.

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. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2020: 3 ).

5. TANGIBLE ASSETS

	Land and buildings	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 August 2020 and 31 July 2021	23,698	11,084	34,782
	---------	---------	---------
Depreciation
At 1 August 2020	23,698	7,207	30,905
Charge for the year	–	969	969
	---------	---------	---------
At 31 July 2021	23,698	8,176	31,874
	---------	---------	---------
Carrying amount
At 31 July 2021	–	2,908	2,908
	---------	---------	---------
At 31 July 2020	–	3,877	3,877
	---------	---------	---------

6. INVESTMENTS

	Shares in group undertakings
	£
Cost
At 1 August 2020 and 31 July 2021	3
	----
Impairment
At 1 August 2020 and 31 July 2021	–
	----

Carrying amount
At 31 July 2021	3
	----
At 31 July 2020	3
	----

7. DEBTORS

	2021	2020
	£	£
Trade debtors	4,205	8,410
Other debtors	337,941	277,391
	----------	----------
	342,146	285,801
	----------	----------

8. CREDITORS: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	881	–
Amounts owed to group undertakings	59,994	23,150
Corporation tax	14,518	1,686
Social security and other taxes	3,319	6,368
Other creditors	6,095	2,232
	---------	---------
	84,807	33,436
	---------	---------

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other debtors includes a loan of £31,482 due from a Director of the company. Interest is payable at the official rate of interest.

10. RELATED PARTY TRANSACTIONS

i) Included in other debtors are loans aggregating £281,319 due from companies connected with the directors and shareholders. The loans are interest-free and repayable on demand. ii) Included in other creditors are loans aggregating £5,495 due to companies connected with the directors and shareholders. The loans are interest-free and repayable on demand.