Company Registration No. 05887574 (England and Wales)
Blauw Research Limited
Unaudited accounts
for the year ended 31 December 2022
Blauw Research Limited
Unaudited accounts
Contents
Blauw Research Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
44,543
100,750
Creditors: amounts falling due within one year
(197,336)
(288,936)
Net current liabilities
(122,432)
(111,565)
Net liabilities
(30,129)
(19,753)
Called up share capital
16,969
16,969
Profit and loss account
(47,098)
(36,722)
Shareholders' funds
(30,129)
(19,753)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 September 2023 and were signed on its behalf by
Jonathan Wheeler
Director
Company Registration No. 05887574
Blauw Research Limited
Notes to the Accounts
for the year ended 31 December 2022
Blauw Research Limited is a private company, limited by shares, registered in England and Wales, registration number 05887574. The registered office is Ivy Cottage, 23 Cobden Road, Sevenoaks, Kent, TN13 3UB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% straight line basis
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Blauw Research Limited
Notes to the Accounts
for the year ended 31 December 2022
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
25,950
1,050
27,000
At 31 December 2022
27,006
1,050
28,056
At 1 January 2022
25,893
568
26,461
Charge for the year
215
350
565
At 31 December 2022
26,108
918
27,026
At 31 December 2022
898
132
1,030
At 31 December 2021
57
482
539
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Investments
Other investments
Valuation at 1 January 2022
91,273
Valuation at 31 December 2022
91,273
Amounts falling due within one year
Trade debtors
3,060
49,320
Amounts due from group undertakings etc.
27,301
27,301
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
12
811
Trade creditors
26,128
114,266
Amounts owed to group undertakings and other participating interests
162,850
162,850
Other creditors
3,034
6,172
Loans from directors
3,597
3,597
Allotted, called up and fully paid:
16,969 Ordinary shares of £1 each
16,969
16,969
Blauw Research Limited
Notes to the Accounts
for the year ended 31 December 2022
9
Transactions with related parties
The parent company is BBI Group B.V. a company incorporated in Netherlands. The ultimate controlling parties of Blauw Research Ltd are Wout van der Wijkand Kees de Jong the joint owners of BBI Group B.V 100%.
At the year end an amount of £162,850 (2020 : £162,850) was owed to the parent company BBI B.V. The company also had £19,766 (2020 : £19,766) and £7,536 (2020 : £7,536) receivable from Blauw NL and BBI Group.
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Average number of employees
During the year the average number of employees was 2 (2021: 2).