Company Registration No. 07346766 (England and Wales)
BUBBLE TELEVISION GROUP LIMITED
Unaudited accounts
for the year ended 30 June 2023
BUBBLE TELEVISION GROUP LIMITED
Unaudited accounts
Contents
BUBBLE TELEVISION GROUP LIMITED
Company Information
for the year ended 30 June 2023
Directors
Christos Phinikas
Samuel Phinikas
Company Number
07346766 (England and Wales)
Registered Office
13 BERWICK STREET
SOHO
LONDON
W1F 0PW
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
BUBBLE TELEVISION GROUP LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
384,922
260,976
Cash at bank and in hand
1,128,802
547,741
Creditors: amounts falling due within one year
(1,236,641)
(1,512,766)
Net current assets
561,708
415,176
Total assets less current liabilities
952,635
682,157
Creditors: amounts falling due after more than one year
(163,017)
(163,147)
Provisions for liabilities
Deferred tax
(70,422)
(47,099)
Net assets
719,196
471,911
Called up share capital
200
200
Profit and loss account
712,996
465,711
Shareholders' funds
719,196
471,911
For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
Samuel Phinikas
Director
Company Registration No. 07346766
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
BUBBLE TELEVISION GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07346766. The registered office is 13 BERWICK STREET, SOHO, LONDON, W1F 0PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
15% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2022
259,060
763,574
29,999
66,916
49,618
1,169,167
Additions
77,794
130,532
-
17,209
5,772
231,307
At 30 June 2023
336,854
894,106
29,999
84,125
55,390
1,400,474
At 1 July 2022
121,895
679,498
3,000
55,905
47,893
908,191
Charge for the year
50,778
44,317
5,400
6,200
666
107,361
At 30 June 2023
172,673
723,815
8,400
62,105
48,559
1,015,552
At 30 June 2023
164,181
170,291
21,599
22,020
6,831
384,922
At 30 June 2022
137,165
84,076
26,999
11,011
1,725
260,976
5
Investments
Subsidiary undertakings
Valuation at 1 July 2022
6,005
Valuation at 30 June 2023
6,005
Amounts falling due within one year
Trade debtors
341,364
1,102,402
Amounts due from group undertakings etc.
197,805
152,857
Accrued income and prepayments
30,858
46,502
Other debtors
30,275
34,025
7
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,130
8,125
Trade creditors
114,966
138,854
Taxes and social security
86,316
69,838
Accruals
999,962
1,295,949
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
23,133
26,263
Other creditors
139,884
136,884
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Average number of employees
During the year the average number of employees was 20 (2022: 20).