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Registered number: 06430490
UK BUMP KEYS LIMITED
Unaudited Financial Statements
For The Year Ended 30 November 2023
CLASSIC ACCOUNTANCY SERVICES (UK) LTD
33a Crook Log
Bexleyheath
Kent
DA6 8EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06430490
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 2,632 2,632
Tangible Assets 5 5,789 3,880
8,421 6,512
CURRENT ASSETS
Stocks 6 200,297 189,855
Debtors 7 5,490 5,490
Cash at bank and in hand 78,196 48,610
283,983 243,955
Creditors: Amounts Falling Due Within One Year 8 (168,440 ) (92,750 )
NET CURRENT ASSETS (LIABILITIES) 115,543 151,205
TOTAL ASSETS LESS CURRENT LIABILITIES 123,964 157,717
Creditors: Amounts Falling Due After More Than One Year 9 (16,825 ) (25,343 )
NET ASSETS 107,139 132,374
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 106,939 132,174
SHAREHOLDERS' FUNDS 107,139 132,374
Page 1
Page 2
For the year ending 30 November 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr CHRISTOPHER DANGERFIELD
Director
Mr WAI DAT CHAN
Director
16/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
UK BUMP KEYS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06430490 . The registered office is 20-22 , WENLOCK ROAD, LONDON, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 December 2022 2,632
As at 30 November 2023 2,632
Net Book Value
As at 30 November 2023 2,632
As at 1 December 2022 2,632
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 December 2022 6,500 8,671 15,171
Additions - 3,839 3,839
As at 30 November 2023 6,500 12,510 19,010
Depreciation
As at 1 December 2022 5,865 5,426 11,291
Provided during the period 158 1,772 1,930
As at 30 November 2023 6,023 7,198 13,221
Net Book Value
As at 30 November 2023 477 5,312 5,789
As at 1 December 2022 635 3,245 3,880
6. Stocks
2023 2022
£ £
Finished goods 200,297 189,855
Page 4
Page 5
7. Debtors
2023 2022
£ £
Due within one year
Other debtors 5,490 5,490
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 160,513 53,909
Bank loans and overdrafts 3,000 3,000
Other taxes and social security 4,927 35,841
168,440 92,750
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 16,825 25,343
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 200 200
11. Directors Advances, Credits and Guarantees
Dividends paid to directors
12. Dividends
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