0 31/05/2023 2023-05-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-05-11 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14101632 2022-05-11 2023-05-31 14101632 2023-05-31 14101632 bus:Director1 2022-05-11 2023-05-31 14101632 core:ShareCapital 2022-05-11 2023-05-31 14101632 core:RetainedEarningsAccumulatedLosses 2022-05-11 2023-05-31 14101632 core:WithinOneYear 2023-05-31 14101632 core:ShareCapital 2023-05-31 14101632 core:RetainedEarningsAccumulatedLosses 2023-05-31 14101632 bus:SmallEntities 2022-05-11 2023-05-31 14101632 bus:AuditExempt-NoAccountantsReport 2022-05-11 2023-05-31 14101632 bus:FullAccounts 2022-05-11 2023-05-31 14101632 bus:SmallCompaniesRegimeForAccounts 2022-05-11 2023-05-31 14101632 bus:PrivateLimitedCompanyLtd 2022-05-11 2023-05-31
Company registration number: 14101632
Bounce Tech Ltd
Unaudited filleted financial statements
31 May 2023
Bounce Tech Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bounce Tech Ltd
Statement of financial position
31 May 2023
31/05/23
Note £ £
Current assets
Cash at bank and in hand 3,738
_______
3,738
Creditors: amounts falling due
within one year 4 ( 3,400)
_______
Net current assets 338
_______
Total assets less current liabilities 338
_______
Net assets 338
_______
Capital and reserves
Called up share capital 1
Profit and loss account 337
_______
Shareholders funds 338
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For the period 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:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 March 2024 , and are signed on behalf of the board by:
Mr R Young
Director
Company registration number: 14101632
Bounce Tech Ltd
Statement of changes in equity
Period ended 31 May 2023
Called up share capital Profit and loss account
£ £
At 11 May 2022 - -
Profit for the period 3,317
_______ _______
Total comprehensive income for the period - 3,317
Issue of shares 1
Dividends paid and payable ( 2,980)
_______ _______
Total investments by and distributions to owners 1 ( 2,980)
_______ _______
At 31 May 2023 1 337
_______ _______
Bounce Tech Ltd
Notes to the financial statements
Period ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 128 City Road, London, United Kingdom, EC1V 2NX.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Creditors: amounts falling due within one year
31/05/23
£
Corporation tax 778
Social security and other taxes 1,122
Other creditors 1,500
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3,400
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