for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Additional information
Change of Company name On 12 October 2023, the Company changed its name from Basebone Group Limited to Blue Forge Media Limited. Review of current position, future developments and performance of the Company's business The net profit for the year attributable to the shareholders of the Company amounted to GB£531,544 (2022: GB£43,725 Net loss). On 31 December 2023 the total assets of the Company were GB£4,332,183 (2022: GB£1,778,477) and the net assets of the Company were GB£1,861,751 (2022: GB£1,330,207). The financial position and development of the Company as presented in these separate financial statements are considered satisfactory. Management believe that the group has had a successful year and is in a position to continue its growth by expanding its operations in developing countries, where there is significant growth potential and where the group can apply its considerable knowledge and experience. Management plans to develop relationships with partners, carriers, regulators and other market leaders to achieve common goals that will help drive future developments and shape the industry. Principal risks and uncertainties The principal risks and uncertainties faced by the Company are disclosed in notes 6 and 7 of the separate financial statements. Interest rate risk Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Credit risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to meet an obligation. Credit risk arises from cash and cash equivalents, investments and credit exposures from wholesale and retail customers, including outstanding receivables and contract assets. Liquidity risk Liquidity risk is the risk that arises when the maturity of assets and liabilities does not match. An unmatched position potentially enhances profitability, but can also increase the risk of losses. No maturity table disclosing the undiscounted cash flows of the underlying liabilities has been presented as all outstanding balances are due within 12 months and consequently their carrying amounts are representative of their contractual cash flows and the impact of discounting is not significant. Results and Dividends The Company's results for the year are set out on page 5. The Board of Directors, following consideration of the availability of profits for distribution as well as the liquidity position of the Company, does not recommend the payment of a dividend and the net profit for the year is retained. Share capital There were no changes in the share capital of the Company during the year under review. Board of Directors The sole member of the Company's Board of Directors as at 31 December 2023 and at the date of this report is presented on page 1.
Directors
The director shown below has held office during the whole of the period from
1 January 2023
to
31 December 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
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Turnover: |
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Cost of sales: |
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Gross profit(or loss): |
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Distribution costs: |
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Administrative expenses: |
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Other operating income: |
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Operating profit(or loss): |
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Interest receivable and similar income: |
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Interest payable and similar charges: |
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Profit(or loss) before tax: |
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Tax: |
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Profit(or loss) for the financial year: |
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As at
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Called up share capital not paid: |
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Fixed assets | |||
Intangible assets: | 3 |
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Tangible assets: | 4 |
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Investments: | 5 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: | 6 |
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Cash at bank and in hand: |
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Investments: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: | 7 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Provision for liabilities: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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Capital and reserves | |||
Called up share capital: |
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Share premium account: |
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Other reserves: |
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Profit and loss account: |
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Total Shareholders' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Intangible fixed assets amortisation policy
Other accounting policies
for the Period Ended 31 December 2023
2023 | 2022 | |
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Average number of employees during the period |
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for the Period Ended 31 December 2023
Goodwill | Other | Total | |
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Cost | £ | £ | £ |
At 1 January 2023 |
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Additions |
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Disposals |
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Revaluations | |||
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At 31 December 2023 |
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Amortisation | |||
At 1 January 2023 |
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Charge for year |
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On disposals |
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Other adjustments | |||
At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 January 2023 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2023 |
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Depreciation | ||||||
At 1 January 2023 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 December 2023 |
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Net book value | ||||||
At 31 December 2023 |
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At 31 December 2022 |
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for the Period Ended 31 December 2023
The details of the subsidiaries are as follows: Name: Globatron Limited CRN 08640264 Country of incorporation: England & Wales Principal activities: Advertising and marketing mobile telephone services 2023 Holding: 100% 2022 Holding: 100%
for the Period Ended 31 December 2023
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Total |
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for the Period Ended 31 December 2023
2023 | 2022 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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for the Period Ended 31 December 2023