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

BLUEBERRY TRADING NETWORK LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09494041

BLUEBERRY TRADING NETWORK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2022

BLUEBERRY TRADING NETWORK LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2022

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 2022

	2022		2021
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4		78		104

CURRENT ASSETS

Debtors	5	771,720	362,736
Cash at bank and in hand		66,610	320,681
		----------	----------
		838,330	683,417

CREDITORS: amounts falling due within one year	6	( 502,455)		( 453,999)
		----------		----------
NET CURRENT ASSETS			335,875		229,418
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			335,953		229,522
			----------		----------
NET ASSETS			335,953		229,522
			----------		----------

BLUEBERRY TRADING NETWORK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2022

	2022		2021
Note	£	£	£	£

CAPITAL AND RESERVES

Called up share capital	7	500	500
Profit and loss account		335,453	229,022
		----------	----------
SHAREHOLDER FUNDS		335,953	229,522
		----------	----------

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 2022 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 20 July 2023 , 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 2022

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.

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:

	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.

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 2021 and 31 July 2022	588	588
	----	----
Depreciation
At 1 August 2021	484	484
Charge for the year	26	26
	----	----
At 31 July 2022	510	510
	----	----
Carrying amount
At 31 July 2022	78	78
	----	----
At 31 July 2021	104	104
	----	----

5. DEBTORS

	2022	2021
	£	£
Other debtors	771,720	362,736
	----------	----------

6. CREDITORS: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	18,058	–
Corporation tax	57,850	50,330
Other creditors	426,547	403,669
	----------	----------
	502,455	453,999
	----------	----------

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2022		2021
	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

i ) Other debtors includes loans aggregating £722,913 due from companies connected with the director and shareholder. The loans are interest-free and repayable on demand. ii) Other creditors includes an amount of £5,000 due to a company connected with the director and shareholder. The loan is interest-free and repayable on demand.