Registration number: 07509398

Blackboards Europe Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

Blackboards Europe Limited

Company Information

Director

Mr Ian Charles Black

Registered office

15 Alverton Street Penzance Cornwall TR18 2QP

Accountants

D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Blackboards Europe Limited

(Registration number: 07509398)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,090	2,643
Tangible assets	5	21,674	32,471
Investments	6	50	50
		23,814	35,164
Current assets
Stocks	7	230,000	320,000
Debtors	8	20,988	30,297
Cash at bank and in hand		499,189	399,474
		750,177	749,771
Creditors: Amounts falling due within one year	9	(217,583)	(262,329)
Net current assets		532,594	487,442
Total assets less current liabilities		556,408	522,606
Provisions for liabilities		(4,118)	(5,727)
Net assets		552,290	516,879
Capital and reserves
Called up share capital	10	1	1
Retained earnings		552,289	516,878
Shareholders' funds		552,290	516,879

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 November 2025
 

......................................... Mr Ian Charles Black Director

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
15 Alverton Street
Penzance
Cornwall
TR18 2QP

The principal place of business is:
Tombstone Surf
Unit N2
St Erth Business Park
Hayle
Cornwall
TR27 6LP

These financial statements were authorised for issue by the director on 28 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicle	20% straight-line basis
Office equipment	20% reducing-balance basis
Fixtures & fittings	15% reducing-balance basis
Computer equipment	25% straight-line basis

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate cost at acquisition date of assets given.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Website costs are shown at historical cost.

Trademarks, licences, customer-related intangible assets (including websites) have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Trademarks, patents and licences	Straight line over 10 years
Website costs	Straight line over 5 years

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4	Intangible assets

	Trademarks, patents and licences  £	Website costs  £	Total £
Cost or valuation
At 1 March 2024	2,390	2,310	4,700
Additions acquired separately	125	-	125
At 28 February 2025	2,515	2,310	4,825
Amortisation
At 1 March 2024	1,133	924	2,057
Amortisation charge	216	462	678
At 28 February 2025	1,349	1,386	2,735
Carrying amount
At 28 February 2025	1,166	924	2,090
At 29 February 2024	1,257	1,386	2,643

The aggregate amount of research and development expenditure recognised as an expense during the period is £2,854 (2024 - £1,960).
 

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 March 2024	719	84,828	351	85,898
Disposals	-	(30,970)	-	(30,970)
At 28 February 2025	719	53,858	351	54,928
Depreciation
At 1 March 2024	562	52,514	351	53,427
Charge for the year	25	10,772	-	10,797
Eliminated on disposal	-	(30,970)	-	(30,970)
At 28 February 2025	587	32,316	351	33,254
Carrying amount
At 28 February 2025	132	21,542	-	21,674
At 29 February 2024	157	32,314	-	32,471

Blackboards Europe Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

6	Investments

	2025 £	2024 £
Investment in associated company	50	50