Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-27No description of principal activityfalse15falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14761932 2023-03-26 14761932 2023-03-27 2023-12-31 14761932 2022-03-27 2023-03-26 14761932 2023-12-31 14761932 c:Director1 2023-03-27 2023-12-31 14761932 d:FurnitureFittings 2023-03-27 2023-12-31 14761932 d:FurnitureFittings 2023-12-31 14761932 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-27 2023-12-31 14761932 d:ComputerEquipment 2023-03-27 2023-12-31 14761932 d:ComputerEquipment 2023-12-31 14761932 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-27 2023-12-31 14761932 d:OwnedOrFreeholdAssets 2023-03-27 2023-12-31 14761932 d:CurrentFinancialInstruments 2023-12-31 14761932 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14761932 d:ShareCapital 2023-12-31 14761932 d:RetainedEarningsAccumulatedLosses 2023-12-31 14761932 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14761932 d:OtherDeferredTax 2023-12-31 14761932 c:FRS102 2023-03-27 2023-12-31 14761932 c:AuditExempt-NoAccountantsReport 2023-03-27 2023-12-31 14761932 c:FullAccounts 2023-03-27 2023-12-31 14761932 c:CompanyLimitedByGuarantee 2023-03-27 2023-12-31 14761932 e:PoundSterling 2023-03-27 2023-12-31 iso4217:GBP xbrli:pure


















BBME Limited

(Formerly known as BEBEME Enoteca Limited)






















Unaudited

Financial statements



For the period ended 31 December 2023



Registered number: 14761932

 
BBME Limited - Registered number:14761932


Statement of financial position
As at 31 December 2023

2023
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,408

  
48,408

Current assets
  

Stocks
  
154,236

Debtors
 5 
130,309

Cash at bank and in hand
  
189,460

  
474,005

Creditors: amounts falling due within one year
 6 
(458,778)

Net current assets
  
 
 
15,227

Total assets less current liabilities
  
63,635

Provisions for liabilities
  

Deferred tax
 7 
(9,010)

  
 
 
(9,010)

Net assets
  
54,625


Capital and reserves
  

Share capital
  
100

Profit and loss account
  
54,525

  
54,625


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Page 1

 
BBME Limited - Registered number:14761932


Statement of financial position (continued)
As at 31 December 2023


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by the director: 




J Bruno Castellanos
Director

Date: 11 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BBME Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

1.


General information

BBME Ltd is a private company limited by shares and it was incorporated in England and Wales. Its registered office and principal place of business is Penthouse, 117 Park Lane, London, W1K 7AH. Its registered number is 14761932. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
BBME Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BBME Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis/straight-line method.

Depreciation is provided on the following basis:

Furniture, fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BBME Limited
 

Notes to the financial statements
For the period ended 31 December 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.


3.


Employees

The average monthly number of employees, including the director, during the period was 15.


4.


Tangible fixed assets





Furniture, fixtures and fittings
Computer equipment
Total

£
£
£



Cost


Additions
56,208
1,196
57,404



At 31 December 2023

56,208
1,196
57,404



Depreciation


Charge for the period
8,780
216
8,996



At 31 December 2023

8,780
216
8,996



Net book value



At 31 December 2023
47,428
980
48,408

Page 6

 
BBME Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

5.


Debtors

2023
£


Trade debtors
126,424

Prepayments
3,885

130,309



6.


Creditors: amounts falling due within one year

2023
£

Trade creditors
106,302

Corporation tax
4,651

Other taxation and social security
65,867

Other creditors
262,810

Accruals
19,148

458,778



7.


Deferred taxation



2023


£






Charged to profit or loss
(9,010)



At end of year
(9,010)

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
(9,198)

Short term timing differences
188

(9,010)

Page 7

 
BBME Limited
 
 

Notes to the financial statements
For the period ended 31 December 2023

8.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from
those of the company in an independently administered fund. The pension cost charge represents contributions
payable by the company to the fund and amounted to £2,313. Contributions totaling £987 were payable to the fund at the reporting date and are included in creditors.


Page 8