Company No: 09675276 (England and Wales)

Contents

• Company information
• Directors' Report
• Directors' Responsibilities Statement
• Profit and Loss Account
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C E Ackerman
	D S Dibble

REGISTERED OFFICE	25-31 Castle Arcade Balcony
	Cardiff
	Wales
	CF10 1BY
	United Kingdom

COMPANY NUMBER

09675276 (England and Wales)

ACCOUNTANT	Gravita Business Services Limited
	Finsgate
	5-7 Cranwood Street
	London
	EC1V 9EE
	United Kingdom

The directors present their report and the unaudited financial statements of the Company for the financial year ended 31 July 2022.

PRINCIPAL ACTIVITIES

The principal activity of the Company during the financial year was that of IT services.

GOING CONCERN

The directors have assessed the balance sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

DIRECTORS

The directors, who served during the financial year and to the date of this report except as noted, were as follows:

C E Ackerman
D S Dibble

This Directors' Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

Approved by the Board of Directors and signed on its behalf by:

D S Dibble Director

25-31 Castle Arcade Balcony
Cardiff
Wales
CF10 1BY
United Kingdom

28 April 2023

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that financial period.

In preparing these financial statements, the directors are required to:
* Select suitable accounting policies and then apply them consistently;
* Make judgements and accounting estimates that are reasonable and prudent; and
* Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company’s transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

		2022		2021
		£		£
Turnover		424,405		312,498
Other income		20,876		29,811
Staff Costs		( 325,379)		( 300,438)
Depreciation and other amounts written off assets		( 2,586)		( 3,092)
Other charges		( 150,405)		( 93,366)
Loss before taxation		( 33,089)		( 54,587)
Tax on loss		12,170		13,453
Loss for the financial year		( 20,919)		( 41,134)

		2022		2021
		£		£
Fixed assets		1,548		4,134
Current assets		129,525		178,334
Prepayments and accrued income		3,250		3,250
Creditors: amounts falling due within one year		( 71,652)		( 69,303)
Net current assets		61,123		112,281
Total assets less current liabilities		62,671		116,415
Creditors: amounts falling due after more than one year		( 67,358)		( 97,696)
Provisions for liabilities		-		( 2,487)
Net (liabilities)/assets		( 4,687)		16,232
Capital and reserves		( 4,687)		16,232

For the financial year ending 31 July 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements;
• These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime;
• These financial statements have been delivered in accordance with the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Blanco Digital Ltd (registered number: 09675276) were approved and authorised for issue by the Board of Directors on 28 April 2023 and were signed on its behalf by:

D S Dibble Director

1. Company information

The Company is a private company limited by shares and is incorporated in the United Kingdom and registered in England and Wales (Company no. 09675276). The address of its registered office is 25-31 Castle Arcade Balcony, Cardiff, Wales, CF10 1BY, United Kingdom.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the financial year, including directors	12		9

3. Guarantees and other financial commitments

Other financial commitments

	2022		2021
	£		£
Total commitments under non-cancellable operating leases not provided for in the accounts	53,752		81,079

Pensions

The Company operates a defined contribution pension scheme for the directors and senior employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2022		2021
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	1,529		1,294

The Company has a fixed and floating charge registered against the assets of the Company.

4. Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements, based on the funding and financial support provided during the year, actual cash burn rates post year end and the flexing of discretionary spend as needed to support working capital. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.