Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01Provision of marketing services for its parent companyfalse66truetruefalse 06265561 2023-07-01 2024-06-30 06265561 2022-07-01 2023-06-30 06265561 2024-06-30 06265561 2023-06-30 06265561 c:Director4 2023-07-01 2024-06-30 06265561 d:CurrentFinancialInstruments 2024-06-30 06265561 d:CurrentFinancialInstruments 2023-06-30 06265561 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 06265561 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 06265561 d:ShareCapital 2024-06-30 06265561 d:ShareCapital 2023-06-30 06265561 d:RetainedEarningsAccumulatedLosses 2024-06-30 06265561 d:RetainedEarningsAccumulatedLosses 2023-06-30 06265561 c:FRS102 2023-07-01 2024-06-30 06265561 c:Audited 2023-07-01 2024-06-30 06265561 c:FullAccounts 2023-07-01 2024-06-30 06265561 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06265561 c:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06265561 2 2023-07-01 2024-06-30 06265561 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 06265561









BLURB UK LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
BLURB UK LIMITED
REGISTERED NUMBER: 06265561

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
65,184
66,300

Cash at bank and in hand
 5 
11,222
28,661

  
76,406
94,961

Creditors: amounts falling due within one year
 6 
(43,770)
(75,764)

Net current assets
  
 
 
32,636
 
 
19,197

Net assets
  
32,636
19,197


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
32,635
19,196

  
32,636
19,197


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



................................................
T Hughes
Director

Date: 24 March 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BLURB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Blurb UK Limited (the Company) is a company incorporated in the United Kingdom under the Companies Act.
The Company is a private company limited by shares and is registered in England. The registered office is Suite 4, 7th Floor, 50 Broadway, London, SW1H 0DB.
The principal activity of the Company in the year under review was that of the provision of marketing services for its parent company, which provides a software platform for  the design and production of self-published books.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The future of the Company has been considered and there are plans to wind up the Company in the near future, though no formal date has been set for this to be actioned. As a result of these intentions the financial statements have been prepared on a basis other than that of a going concern. No adjustments in respect of this matter have been required in these financial statements.
The Company has obtained a letter of support from the ultimate parent company, Reischling Press, Inc., which has provided a commitment to provide any financial support which may be necessary in order that the Company can meet its liabilities, as they fall due for a period of at least 12 months from the date of approval of these financial statements or until the Company is wound up.

Page 2

 
BLURB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and the accounts are rounded to the nearest whole £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue represents amounts charged to the Company's parent under an agreement for sales and and marketing support provided, excluding value added tax. Revenue is recognised when chargeable costs are incurred.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
BLURB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BLURB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Sales and Marketing
6
6


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
53,374
30,605

Other debtors
6,888
27,926

Tax recoverable
2,737
5,311

Deferred taxation
2,185
2,458

65,184
66,300



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,222
28,661



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
17,298
23,857

Other taxation and social security
5,332
5,889

Accruals and deferred income
21,140
46,018

43,770
75,764


Page 5

 
BLURB UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Pension commitments

The Company operates a defined contribution plan for its employees. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pensions cost charge represents contributions payable by the Company to the fund and amounted to £8,850 (2023: £6,753). Contributions totalling £1,580 (2023: £1,307) were payable to the fund at the balance sheet date and are included in creditors.


8.


Controlling party

Reischling Press, Inc. is the immediate and ultimate parent company and is the largest and smallest group  for which consolidated accounts are drawn up and which include Blurb UK Limited. Reischling Press, Inc.'s address is 3325 S. 116th St., Suite 161, Seattle, WA 98168.
The directors of the company do not consider there to be an ultimate controlling party.


9.


Auditor's information

The auditor's report on the financial statements for the year ended 30 June 2024 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

Emphasis of matter - financial statements prepared on a basis other than going concern
We draw attention to note 2.2 in the financial statements which explains that there are plans to wind up the Company and therefore the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 25 March 2025 by Karen Cairns (Senior Statutory Auditor) on behalf of Nortons Assurance Limited.

 
Page 6