Blue Seagull Technology Limited |
Registered Number:07930882 |
For the year ended 31 January 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 January 2023
Blue Seagull Technology Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Blue Seagull Technology Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
1
1
2
1
1
Trade and other receivables |
2,888
2,351
3
17,491
Cash and cash equivalents |
13,175
15,526
20,379
Trade and other payables: amounts falling due within one |
year |
(7,170)
(4,377)
4
13,209
11,149
Net current assets
Total assets less current liabilities |
11,150
13,210
11,150
Net assets
13,210
100
100
11,050
13,110
11,150
13,210
Shareholders' funds
For the year ended 31 January 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 17 September 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 January 2023
Blue Seagull Technology Limited
Notes to the Financial Statements
Statutory Information
Blue Seagull Technology Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 07930882. |
Principal place of business: |
78 Vale Avenue
Worthing
West Sussex
BN14 0BZ
85 Great Portland Street
London
W1W 7LT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Where appropriate, an amount to reflect revenue earned but not yet invoiced at the balance sheet date is included in turnover. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 2 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer equipment
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 January 2023
Blue Seagull Technology Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
4,904
4,904
Provision for depreciation and impairment |
4,903
4,903
1
1
3. Trade and other receivables |
2022
2023
241
1,358
Prepayments and accrued income |
2,110
1,530
2,888
2,351
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
1,219
2,598
Accruals and deferred income |
920
910
540
264
1,698
3,398
4,377
7,170
5. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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