Blueraq Networks Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—5

Registered number: 05104805

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,606		7,659
Tangible Assets	5		49,939		74,549

			54,545		82,208
CURRENT ASSETS
Debtors		866,397		690,562
Cash at bank and in hand		22,442		11,994

		888,839		702,556
Creditors: Amounts Falling Due Within One Year		(305,734 )		(216,982 )

NET CURRENT ASSETS (LIABILITIES)			583,105		485,574

TOTAL ASSETS LESS CURRENT LIABILITIES			637,650		567,782

Creditors: Amounts Falling Due After More Than One Year			(55,246 )		(68,292 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(12,485 )		(18,637 )

NET ASSETS			569,919		480,853

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			569,819		480,753

SHAREHOLDERS' FUNDS			569,919		480,853

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Blueraq Networks Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Robert Stevenson

Director

11 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Blueraq Networks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05104805 . The registered office is 2 Mountside, Stanmore, Middlesex, HA7 2DT.

The presentation currency of the financial statements is the Pound Sterling (£)

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents the net invoice value, excluding value added tax, relating to the principal activity of the company being that of web hosting and on line back up facility services.

Turnover has also been recognised in respect of on-going services, with the value of work completed but unbilled at the balance sheet date being taken to turnover and the associated costs, where not invoiced at that date, being accrued for.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are software development costs.

It is amortised to the profit and loss account over its estimated economic life of four years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on cost
Fixtures & Fittings	50% on cost
Computer Equipment	50% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

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Blueraq Networks Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	34,097

As at 31 March 2025	34,097

Amortisation
As at 1 April 2024	26,438
Provided during the period	3,053

As at 31 March 2025	29,491

Net Book Value
As at 31 March 2025	4,606

As at 1 April 2024	7,659

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	116,931
Additions	1,250
Disposals	(15,826 )

As at 31 March 2025	102,355

Depreciation
As at 1 April 2024	42,382
Provided during the period	25,860
Disposals	(15,826 )

As at 31 March 2025	52,416

Net Book Value
As at 31 March 2025	49,939

As at 1 April 2024	74,549

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	49,314	73,970

6. Secured Creditors

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	68,296		81,342

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Blueraq Networks Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

7. Share Capital

	2025	2024
Allotted, called up but not fully paid	£	£
650,000 Ordinary A shares of £ 0.0001 each	65	65
300,000 Ordinary B shares of £ 0.0001 each	30	30
50,000 Ordinary C shares of £ 0.0001 each	5	5

	100	100

8. Related Party Transactions

Included in debtors is a loan of £826,000 (2024 - £677,000) made to a company controlled by the director. The loan is interest free and repayable on demand.

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