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REGISTERED NUMBER: 04427892 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

FOR

NTI BLUEGFX LTD

NTI BLUEGFX LTD (REGISTERED NUMBER: 04427892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


NTI BLUEGFX LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023







DIRECTORS: M D Allen
S Alexander



REGISTERED OFFICE: 128 City Road
London
United Kingdom
EC1V 2NX



REGISTERED NUMBER: 04427892 (England and Wales)



SENIOR STATUTORY AUDITOR: Jilly Harvey



AUDITORS: Forvis Mazars
Chartered Accountants and Statutory Audit Firm
Block 3
Harcourt Road
Dublin 2
Ireland

NTI BLUEGFX LTD (REGISTERED NUMBER: 04427892)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,038 7,792

CURRENT ASSETS
Stocks - 416
Debtors 5 283,771 1,013,830
Cash at bank 703,285 502,568
987,056 1,516,814
CREDITORS
Amounts falling due within one year 6 338,247 916,557
NET CURRENT ASSETS 648,809 600,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,847

608,049

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Retained earnings 641,847 593,049
SHAREHOLDERS' FUNDS 656,847 608,049

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M D Allen - Director


NTI BLUEGFX LTD (REGISTERED NUMBER: 04427892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

NTI Bluegfx Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in GBP (£) which is also the fractional currency of the company.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 50% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

NTI BLUEGFX LTD (REGISTERED NUMBER: 04427892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 3,000 14,294 17,294
Additions 2,940 817 3,757
At 31 December 2023 5,940 15,111 21,051
DEPRECIATION
At 1 June 2023 1,000 8,502 9,502
Charge for period 693 2,818 3,511
At 31 December 2023 1,693 11,320 13,013
NET BOOK VALUE
At 31 December 2023 4,247 3,791 8,038
At 31 May 2023 2,000 5,792 7,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 234,802 890,529
Other debtors 46,188 122,210
Prepayments 2,781 1,091
283,771 1,013,830

NTI BLUEGFX LTD (REGISTERED NUMBER: 04427892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2023 TO 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Bank loans and overdrafts 13 -
Trade creditors 120,189 641,401
Corporation tax 118,343 81,440
Social security and other taxes 20,149 11,319
VAT 17,334 79,570
Other creditors 20,026 17,301
Accruals and deferred income 42,193 85,526
338,247 916,557

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jilly Harvey (Senior Statutory Auditor)
for and on behalf of Forvis Mazars

8. PENSION COMMITMENTS

Included in other creditors is £1,498 owed to defined contribution pension schemes at 31st December 2023 (31st May 2023: £1,332)

9. RELATED PARTY DISCLOSURES

During the period, sales of £19,971 (May 2023: £26,008) and purchases of £Nil (May 2023: £2,360.63) were made to and from Blue Graphics (Europe) Ltd, a company controlled by the parent company and registered in Ireland. At 31st Dec 2023 Blue Graphics (Europe) Ltd owed the company £Nil (May 2023: £Nil).

100% of the share capital in the company was purchased by NTI Group ApS on 29th September 2023. The company purchased professional services with a value of £6,184 from NTI Group ApS during the period (May 2023: Nil). At 31st Dec 2023 the company owed NTI Group ApS £6,184 (May 2023: £Nil).

10. POST BALANCE SHEET EVENTS

Following the period end the company acquired the share capital of Diatec Group UK Ltd, a fellow subsidiary of NTI Group ApS

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NTI Group ApS