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REGISTERED NUMBER: 10124067 (England and Wales)
















BLUE DIGITAL GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLUE DIGITAL GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: A J Park
B J Rees
G J Weston





REGISTERED OFFICE: 12 South Parade
Leeds
LS1 5QS





REGISTERED NUMBER: 10124067 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 34,780 52,168
Tangible assets 5 - 735
34,780 52,903

CURRENT ASSETS
Stocks - 11,243
Debtors 6 97,777 89,974
Cash at bank - 98,481
97,777 199,698
CREDITORS
Amounts falling due within one year 7 11,513 94,665
NET CURRENT ASSETS 86,264 105,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,044

157,936

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES - (181 )
NET ASSETS 110,211 136,922

CAPITAL AND RESERVES
Called up share capital 769 769
Capital redemption reserve 231 231
Retained earnings 109,211 135,922
110,211 136,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)

BALANCE SHEET - continued
30 JUNE 2024


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 20 March 2025 and were signed on its behalf by:





G J Weston - Director


BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Blue Digital Group 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 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is recongnised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired.It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its useful life which is 10 years.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 15% on cost

Stocks
Where the substance of a contract is that the contractual obligations are performed gradually over time, work is progress is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of work in progress included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.


BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 July 2023
and 30 June 2024 173,884
AMORTISATION
At 1 July 2023 121,716
Charge for year 17,388
At 30 June 2024 139,104
NET BOOK VALUE
At 30 June 2024 34,780
At 30 June 2023 52,168

BLUE DIGITAL GROUP LTD (REGISTERED NUMBER: 10124067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023
and 30 June 2024 10,117
DEPRECIATION
At 1 July 2023 9,382
Charge for year 735
At 30 June 2024 10,117
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 735

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 66,237
Amounts owed by group undertakings 88,943 13,968
Other debtors 8,834 9,769
97,777 89,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 11,212 10,000
Trade creditors 301 16,796
Taxation and social security - 35,042
Other creditors - 32,827
11,513 94,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 10,833 20,833

9. SECURED DEBTS

The company has provided security by way of a fixed and floating charge over the assets of the company in respect of loan facilities provided to the parent company, At 30 June 2024 the loan was £127,407 (2023:£91,667)