Registered number
13566043
BlowUp Holding Ltd
Report and Accounts
31 August 2024
BlowUp Holding Ltd
Registered number: 13566043
Directors' Report
The directors present their report and accounts for the year ended 31 August 2024.
Principal activities
The company's principal activity during the year continued to be information technology consultancy activities.
Directors
The following persons served as directors during the year:
Axel Delgado Rodriguez
Nerea Perez Rivero
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28 March 2025 and signed on its behalf.
A Delgado Rodríguez
Director
BlowUp Holding Ltd
Profit and Loss Account
for the year ended 31 August 2024
2024 2023
£ £
Turnover 61,816 87,577
Cost of sales (8,086) (14,952)
Gross profit 53,730 72,625
Administrative expenses (34,144) (34,255)
Operating profit 19,586 38,370
Profit on the disposal of investments 1,751 1,075
Loss on revaluation of investments (599) -
Income from investments 271 -
Interest receivable - 271
Profit before taxation 21,009 39,716
Tax on profit (4,143) (7,637)
Profit for the financial year 16,866 32,079
BlowUp Holding Ltd
Registered number: 13566043
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 438
Current assets
Debtors 5 12,259 5,045
Cash at bank and in hand 2,442 11,812
14,701 16,857
Creditors: amounts falling due within one year 7 (7,379) (9,567)
Net current assets 7,322 7,290
Net assets 7,322 7,728
Capital and reserves
Called up share capital 100 100
Profit and loss account 7,222 7,628
Shareholders' funds 7,322 7,728
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Delgado Rodríguez
Director
Approved by the board on 28 March 2025
BlowUp Holding Ltd
Statement of Changes in Equity
for the year ended 31 August 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 September 2022 100 - - 18,588 18,688
Profit for the financial year 32,079 32,079
Dividends (43,039) (43,039)
At 31 August 2023 100 - - 7,628 7,728
At 1 September 2023 100 - - 7,628 7,728
Profit for the financial year 16,866 16,866
Dividends (17,272) (17,272)
At 31 August 2024 100 - - 7,222 7,322
BlowUp Holding Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 1,313
At 31 August 2024 1,313
Depreciation
At 1 September 2023 875
Charge for the year 438
At 31 August 2024 1,313
Net book value
At 31 August 2024 -
At 31 August 2023 438
4 Investments
Other
investments
£
Cost
Additions 62,234
Revaluation 1,751
Disposals (63,985)
At 31 August 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 9,480 5,045
Other debtors 2,779 -
12,259 5,045
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments (599) -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 362 -
Taxation and social security costs 6,495 9,526
Other creditors 522 41
7,379 9,567
8 Other information
BlowUp Holding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Old Bakery
90 Camden Road
Tunbridge Wells
England
TN1 2QP
BlowUp Holding Ltd
Detailed profit and loss account
for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales 61,816 87,577
Cost of sales (8,086) (14,952)
Gross profit 53,730 72,625
Administrative expenses (34,144) (34,255)
Operating profit 19,586 38,370
Profit on the disposal of investments 1,751 1,075
Loss on revaluation of investments (599) -
Income from investments 271 -
Interest receivable - 271
Profit before tax 21,009 39,716
BlowUp Holding Ltd
Detailed profit and loss account
for the year ended 31 August 2024
This schedule does not form part of the statutory accounts
2024 2023
£ £
Sales
Sales 61,816 87,577
Cost of sales
Purchases 1,695 1,544
Subcontractor costs 6,391 13,408
8,086 14,952
Administrative expenses
Employee costs:
Directors' salaries 25,128 25,128
Pensions 1,100 -
Staff training and welfare 1,090 2,498
Travel and subsistence 1,103 780
Entertaining 30 44
28,451 28,450
Premises costs:
Rent 1,393 755
Use of home 1,311 1,884
2,704 2,639
General administrative expenses:
Telephone and internet 31 6
Stationery and printing - 11
Subscriptions 101 -
Bank charges 161 67
Insurance 209 -
Equipment expensed 15 575
Software 479 317
Depreciation 438 437
Sundry expenses - 500
1,434 1,913
Legal and professional costs:
Accountancy fees 1,348 1,188
Consultancy fees 138 -
Advertising and PR - 17
Other legal and professional 69 48
1,555 1,253
34,144 34,255
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