IRIS Accounts Production v23.3.1.45 11828845 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118288452022-02-28118288452023-02-28118288452022-03-012023-02-28118288452021-02-28118288452021-03-012022-02-28118288452022-02-2811828845ns10:Originalns15:EnglandWales2022-03-012023-02-2811828845ns14:PoundSterlingns10:Original2022-03-012023-02-2811828845ns10:Originalns10:Director12022-03-012023-02-2811828845ns10:Original2022-03-012023-02-2811828845ns10:Original2023-02-2811828845ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2811828845ns10:Originalns10:SmallEntities2022-03-012023-02-2811828845ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2811828845ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2811828845ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2811828845ns10:Originalns10:FullAccounts2022-03-012023-02-2811828845ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-2811828845ns10:Originalns10:RegisteredOffice2022-03-012023-02-2811828845ns10:Original2022-02-2811828845ns10:Originalns5:CurrentFinancialInstruments2023-02-2811828845ns10:Originalns5:CurrentFinancialInstruments2022-02-2811828845ns10:Originalns5:Non-currentFinancialInstruments2023-02-2811828845ns10:Originalns5:Non-currentFinancialInstruments2022-02-2811828845ns5:ShareCapitalns10:Original2023-02-2811828845ns5:ShareCapitalns10:Original2022-02-2811828845ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2811828845ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2811828845ns10:Originalns5:PlantMachinery2022-03-012023-02-2811828845ns10:Originalns5:FurnitureFittings2022-03-012023-02-2811828845ns10:Originalns5:MotorVehicles2022-03-012023-02-2811828845ns10:Original2021-03-012022-02-2811828845ns10:Originalns5:PlantMachinery2022-02-2811828845ns10:Originalns5:PlantMachinery2023-02-2811828845ns10:Originalns5:PlantMachinery2022-02-2811828845ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: 11828845 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BOUNCE PARTY LIMITED

BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

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


BOUNCE PARTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: C J Matthews





REGISTERED OFFICE: 5 St. Ursulas Close
Bishopdown
Salisbury
Wiltshire
SP1 3FY





REGISTERED NUMBER: 11828845 (England and Wales)





ACCOUNTANTS: Fawcetts LLP
Chartered Accountants
Windover House
St. Ann Street
Salisbury
SP1 2DR

BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,546 21,784

CURRENT ASSETS
Cash at bank 1,377 1,442

CREDITORS
Amounts falling due within one year 5 25,202 17,208
NET CURRENT LIABILITIES (23,825 ) (15,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,279 ) 6,018

CREDITORS
Amounts falling due after more than one
year

6

-

13,361
NET LIABILITIES (6,279 ) (7,343 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (6,281 ) (7,345 )
SHAREHOLDERS' FUNDS (6,279 ) (7,343 )

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.

BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:





C J Matthews - Director


BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

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


1. STATUTORY INFORMATION

Bounce Party 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.

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.

The financial statements have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company. The company is dependent upon the support of the director who has indicated that he will introduce funds as required to meet the company's liabilities. The director therefore considers that the going concern basis is appropriate. The financial statements do not contain any adjustments that might be necessary were the going concern basis to be no longer appropriate

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

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.

Debtors
Debtors are measured at their recoverable amount.

Creditors and provisions
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 29,828
Disposals (750 )
At 28 February 2023 29,078
DEPRECIATION
At 1 March 2022 8,044
Charge for year 3,488
At 28 February 2023 11,532
NET BOOK VALUE
At 28 February 2023 17,546
At 28 February 2022 21,784

BOUNCE PARTY LIMITED (REGISTERED NUMBER: 11828845)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 2,000
Other creditors 25,202 15,208
25,202 17,208

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 3,167
Other creditors - 10,194
- 13,361

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

Creditors due within one year include £24,842 (2022 - £13,648) which is owed to the director.