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REGISTERED NUMBER: 05708600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BUBBLES PUBLISHING LIMITED

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUBBLES PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: J A Hopley





SECRETARY: J A Hopley





REGISTERED OFFICE: 40 Chestnut Lane
Kingsnorth
Ashford
Kent
TN23 3LR





REGISTERED NUMBER: 05708600 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 667
Tangible assets 5 247 309
247 976

CURRENT ASSETS
Debtors 6 17,110 11,569
Cash at bank and in hand 1,470 85
18,580 11,654
CREDITORS
Amounts falling due within one year 7 18,523 17,100
NET CURRENT ASSETS/(LIABILITIES) 57 (5,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

304

(4,470

)

CREDITORS
Amounts falling due after more than one year 8 (12,198 ) (13,956 )

PROVISIONS FOR LIABILITIES 9 (47 ) (59 )
NET LIABILITIES (11,941 ) (18,485 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (12,041 ) (18,585 )
SHAREHOLDERS' FUNDS (11,941 ) (18,485 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 director and authorised for issue on 23 November 2023 and were signed by:





J A Hopley - Director


BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Bubbles Publishing Limited 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.

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


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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax. No account is taken for future obligations on invoices raised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of boating magazine titles is amortised evenly over its estimated useful life of approximately 7 years.The recently acquired goodwill is amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 12% reducing balance
Computer equipment - 20% reducing balance

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.


BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
During the year the company made a profit of £6,544 (2022 - £438 loss) and at the balance sheet date had net liabilities of £11,941 (2022 - £18,485). These financial statements have been prepared on a going concern basis which assumes continuing support from the companys creditors and director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 17,500
AMORTISATION
At 1 March 2022 16,833
Charge for year 667
At 28 February 2023 17,500
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 667

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 3,062
DEPRECIATION
At 1 March 2022 2,753
Charge for year 62
At 28 February 2023 2,815
NET BOOK VALUE
At 28 February 2023 247
At 28 February 2022 309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 5,563 6,531
Other debtors 11,547 5,038
17,110 11,569

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,080 4,064
Trade creditors 14,443 13,036
18,523 17,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 12,198 13,956

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 47 59

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 59
Provided during year (12 )
Balance at 28 February 2023 47

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
J A Hopley
Balance outstanding at start of year 4,940 7,355
Amounts advanced 11,498 4,940
Amounts repaid (4,940 ) (7,355 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,498 4,940

11. RELATED PARTY DISCLOSURES

Mr J Hopley - Director and Shareholder

At the balance sheet date Mr Hopley owed Bubbles Publishing Ltd £11,498 (2021 - £4,940).

12. ULTIMATE CONTROLLING PARTY

The controlling party is J A Hopley.