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REGISTERED NUMBER: 08247769 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BLU DIGITAL GROUP LIMITED

BLU DIGITAL GROUP LIMITED (REGISTERED NUMBER: 08247769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BLU DIGITAL GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I J Jacobson
Ms P Pantoja
Ms S Laduc-Gallimore
A Watts





REGISTERED OFFICE: First Floor, The Townhouse Building
St Cross Street
London
EC1N 8UA





REGISTERED NUMBER: 08247769 (England and Wales)





AUDITORS: Owadally & King
Chartered Certified Accountants
& Statutory Auditors
73 Park Lane
Croydon
Surrey
CR0 1JG

BLU DIGITAL GROUP LIMITED (REGISTERED NUMBER: 08247769)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 12,557 1,180

CURRENT ASSETS
Debtors 6 760,418 233,577
Cash at bank 5,919 387,941
766,337 621,518
CREDITORS
Amounts falling due within one year 7 499,345 209,602
NET CURRENT ASSETS 266,992 411,916
TOTAL ASSETS LESS CURRENT
LIABILITIES

279,549

413,096

PROVISIONS FOR LIABILITIES 3,140 -
NET ASSETS 276,409 413,096

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8 276,399 413,086
SHAREHOLDERS' FUNDS 276,409 413,096

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 19 November 2024 and were signed on its behalf by:





I J Jacobson - Director


BLU DIGITAL GROUP LIMITED (REGISTERED NUMBER: 08247769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Blu Digital Group Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statements of financial position, bank overdrafts are shown within borrowings or current liabilities.

BLU DIGITAL GROUP LIMITED (REGISTERED NUMBER: 08247769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 1 ) .

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

7,000

-

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 - 1,214 1,214
Additions 5,473 9,129 14,602
At 31 December 2023 5,473 10,343 15,816
DEPRECIATION
At 1 January 2023 - 34 34
Charge for year 1,063 2,162 3,225
At 31 December 2023 1,063 2,196 3,259
NET BOOK VALUE
At 31 December 2023 4,410 8,147 12,557
At 31 December 2022 - 1,180 1,180

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 217,660
Other debtors 51,250 15,917
51,250 233,577

Amounts falling due after more than one year:
Amounts owed by group undertakings 709,168 -

Aggregate amounts 760,418 233,577

BLU DIGITAL GROUP LIMITED (REGISTERED NUMBER: 08247769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 230,771 95,772
Taxation and social security 84,797 110,454
Other creditors 183,777 3,376
499,345 209,602

8. RESERVES
Retained
earnings
£   

At 1 January 2023 413,086
Deficit for the year (136,687 )
At 31 December 2023 276,399

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

The Report of the Auditors was unqualified.

Mr Mohammed Yousouf F Owadally (Senior Statutory Auditor)
for and on behalf of Owadally & King

10. ULTIMATE CONTROLLING PARTY

The controlling party is Blu Digital Group Inc.

The immediate and ultimate parent undertaking and controlling party is Blu Digital Group Inc. The registered office of Blu Digital Group Inc is 251 Little Falls Drive, Wilmington, Delaware 19808, County : New Castle.