5 31/12/2023 2023-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13387100 2023-01-01 2023-12-31 13387100 2023-12-31 13387100 2022-12-31 13387100 2022-01-01 2022-12-31 13387100 2022-12-31 13387100 2021-12-31 13387100 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13387100 bus:RegisteredOffice 2023-01-01 2023-12-31 13387100 bus:Director1 2023-01-01 2023-12-31 13387100 bus:Director2 2023-01-01 2023-12-31 13387100 bus:Director3 2023-01-01 2023-12-31 13387100 core:FurnitureFittingsToolsEquipment 2022-12-31 13387100 core:FurnitureFittingsToolsEquipment 2023-12-31 13387100 core:ShareCapital 2022-01-01 2022-12-31 13387100 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 13387100 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 13387100 core:WithinOneYear 2023-12-31 13387100 core:WithinOneYear 2022-12-31 13387100 core:ShareCapital 2023-12-31 13387100 core:ShareCapital 2022-12-31 13387100 core:RetainedEarningsAccumulatedLosses 2023-12-31 13387100 core:RetainedEarningsAccumulatedLosses 2022-12-31 13387100 core:ShareCapital 2021-12-31 13387100 core:RetainedEarningsAccumulatedLosses 2021-12-31 13387100 core:FurnitureFittingsToolsEquipment 2022-12-31 13387100 bus:Director2 2023-12-31 13387100 bus:SmallEntities 2023-01-01 2023-12-31 13387100 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13387100 bus:FullAccounts 2023-01-01 2023-12-31 13387100 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13387100 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Company registration number: 13387100
Bambooh Ltd
Unaudited filleted financial statements
31 December 2023
Bambooh Ltd
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bambooh Ltd
Directors and other information
Directors Mr Marc Gutreich
Mr Lee Parson
Mr James Copley
Company number 13387100
Registered office 167 - 169 Great Portland Street
London
W1W 5PF
Bambooh Ltd
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 300 898
_______ _______
300 898
Current assets
Debtors 6 1,379,417 1,167,080
Cash at bank and in hand 956,785 1,296,103
_______ _______
2,336,202 2,463,183
Creditors: amounts falling due
within one year 7 ( 1,393,470) ( 1,764,265)
_______ _______
Net current assets 942,732 698,918
_______ _______
Total assets less current liabilities 943,032 699,816
_______ _______
Net assets 943,032 699,816
_______ _______
Capital and reserves
Called up share capital 150,075 150,075
Profit and loss account 792,957 549,741
_______ _______
Shareholders funds 943,032 699,816
_______ _______
For the year ending 31 December 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 year in question in accordance with section 476;
- The directors acknowledge his 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 August 2024 , and are signed on behalf of the board by:
Mr Marc Gutreich
Director
Company registration number: 13387100
Bambooh Ltd
Statement of changes in equity
Year ended 31 December 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2022 75 11,193 11,268
Profit for the year 538,548 538,548
_______ _______ _______
Total comprehensive income for the year - 538,548 538,548
Issue of shares 150,000 150,000
_______ _______ _______
Total investments by and distributions to owners 150,000 - 150,000
_______ _______ _______
At 31 December 2022 and 1 January 2023 150,075 549,741 699,816
Profit for the year 674,054 674,054
_______ _______ _______
Total comprehensive income for the year - 674,054 674,054
Dividends paid and payable ( 430,838) ( 430,838)
_______ _______ _______
Total investments by and distributions to owners - ( 430,838) ( 430,838)
_______ _______ _______
At 31 December 2023 150,075 792,957 943,032
_______ _______ _______
Bambooh Ltd
Notes to the financial statements
Year ended 31 December 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 167 - 169 Great Portland Street, London, W1W 5PF.
The company was incorporated on 11 May 2021.
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.
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 services rendered, net of discounts and Value Added Tax.
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 provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable
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.
No provision for deferred taxation has been provided for in the financial statements, due to the net amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33.33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
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.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2022: 3 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2023 and 31 December 2023 1,795 1,795
_______ _______
Depreciation
At 1 January 2023 897 897
Charge for the year 598 598
_______ _______
At 31 December 2023 1,495 1,495
_______ _______
Carrying amount
At 31 December 2023 300 300
_______ _______
At 31 December 2022 898 898
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors 740,796 695,405
Other debtors 638,621 471,675
_______ _______
1,379,417 1,167,080
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 145,440 18,327
Corporation tax 210,686 128,455
Social security and other taxes 95,182 148,337
Other creditors 942,162 1,469,146
_______ _______
1,393,470 1,764,265
_______ _______
8. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Lee Parson - 10,000 10,000
_______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr Lee Parson - - -
_______ _______ _______