Registration number:
Fizzbomb Ltd
for the Year Ended 31 May 2023
Fizzbomb Ltd
Contents
Company Information |
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Accountants' Report |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Fizzbomb Ltd
Company Information
Directors |
Mr Kes Gray Mrs Claire Laura Gray |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Fizzbomb Ltd
for the Year Ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fizzbomb Ltd for the year ended 31 May 2023 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Fizzbomb Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Fizzbomb Ltd and state those matters that we have agreed to state to the Board of Directors of Fizzbomb Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fizzbomb Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fizzbomb Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Fizzbomb Ltd. You consider that Fizzbomb Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fizzbomb Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Chartered Accountants
Salmons Lane
Colchester
Essex
CO6 1RY
Fizzbomb Ltd
(Registration number: 02822699)
Abridged Balance Sheet as at 31 May 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
61 |
61 |
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Retained earnings |
157,327 |
210,605 |
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Shareholders' funds |
157,388 |
210,666 |
For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Fizzbomb Ltd
(Registration number: 02822699)
Abridged Balance Sheet as at 31 May 2023
Approved and authorised by the
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Fizzbomb Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
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 abridged 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 abridged 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.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.
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 |
Plant and machinery |
25% straight line |
Other tangible assets |
33% straight line |
Office equipment |
33% straight line |
Fixtures & fittings |
25% straight line |
Borrowings
Fizzbomb Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Fizzbomb Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Tangible assets |
Furniture, fittings and equipment |
Properties under construction |
Total |
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Cost or valuation |
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At 1 June 2022 |
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Additions |
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- |
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Disposals |
( |
- |
( |
At 31 May 2023 |
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Depreciation |
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At 1 June 2022 |
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Charge for the year |
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- |
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Eliminated on disposal |
( |
- |
( |
At 31 May 2023 |
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Carrying amount |
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At 31 May 2023 |
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At 31 May 2022 |
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Investments |
Total |
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Cost or valuation |
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At 1 June 2022 |
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Provision |
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Carrying amount |
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At 31 May 2023 |
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At 31 May 2022 |
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2023 |
2022 |
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Fizzbomb Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Unit 3 Upp Hall Farm,
England |
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Unit 3 Upp Hall Farm
England |
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Unit 3 Upp Hall Farm
England |
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Unit 3 Upp Hall Farm, Salmons Lane, Colchester, Essex, CO6 1RY England |
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Subsidiary undertakings |
Get Well Friends Ltd The principal activity of Get Well Friends Ltd is |
UK Carp Directory Ltd The principal activity of UK Carp Directory Ltd is |
Fizzbomb Creative Ignition Ltd The principal activity of Fizzbomb Creative Ignition Ltd is |
Oi! Licensing Ltd The principal activity of Oi! Licensing Ltd is |
Stocks |
2023 |
2022 |
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Other inventories |
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Fizzbomb Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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60 |
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60 |
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1 |
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1 |
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Related party transactions |
Transactions with directors |
2023 |
At 1 June 2022 |
Advances to director |
Repayments by director |
At 31 May 2023 |
Mr Kes Gray |
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Directors loan account |
( |
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( |
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2022 |
At 1 June 2021 |
Advances to director |
Repayments by director |
At 31 May 2022 |
Mr Kes Gray |
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Directors loan account |
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( |
( |
Directors' remuneration
The directors' remuneration for the year was as follows:
2023 |
2022 |
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Remuneration |
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In respect of the highest paid director:
2023 |
2022 |
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Remuneration |
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