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REGISTERED NUMBER: 03716261 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

A BUBBLE COMPANY LIMITED

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

A BUBBLE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Collins
J Nisson





REGISTERED OFFICE: 333 Medlar Street
London
SE5 0JU





REGISTERED NUMBER: 03716261 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 135,338 148,937

CURRENT ASSETS
Stocks 18,250 44,657
Debtors 6 804,499 521,286
Cash at bank and in hand 818,910 698,673
1,641,659 1,264,616
CREDITORS
Amounts falling due within one year 7 1,516,433 1,007,549
NET CURRENT ASSETS 125,226 257,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,564

406,004

CREDITORS
Amounts falling due after more than one
year

8

293,833

463,834
NET LIABILITIES (33,269 ) (57,830 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (34,269 ) (58,830 )
SHAREHOLDERS' FUNDS (33,269 ) (57,830 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

BALANCE SHEET - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M Collins - Director


A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

A Bubble Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to leasehold property - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - between 20% and 33% on straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the balance sheet date the company had net liabilities of £33,269 (2022 - £57,830).
The company relies on the continued support of the director who have provided loans to enable the company to meet its liabilities when they fall due.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 51 ) .

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 147,562 138,432 89,082
Additions - 17,448 830
At 31 December 2023 147,562 155,880 89,912
DEPRECIATION
At 1 January 2023 71,502 108,082 60,475
Charge for year 14,757 7,254 6,387
At 31 December 2023 86,259 115,336 66,862
NET BOOK VALUE
At 31 December 2023 61,303 40,544 23,050
At 31 December 2022 76,060 30,350 28,607

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 99,944 24,784 499,804
Additions - - 18,278
At 31 December 2023 99,944 24,784 518,082
DEPRECIATION
At 1 January 2023 86,024 24,784 350,867
Charge for year 3,479 - 31,877
At 31 December 2023 89,503 24,784 382,744
NET BOOK VALUE
At 31 December 2023 10,441 - 135,338
At 31 December 2022 13,920 - 148,937

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 459,037 139,889
Amounts owed by group undertakings 10,494 -
Other debtors 301,210 278,630
Tax - 37,906
Deferred tax asset 29,174 42,779
Prepayments 4,584 22,082
804,499 521,286

A BUBBLE COMPANY LIMITED (REGISTERED NUMBER: 03716261)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 170,000 170,000
Trade creditors 735,012 413,882
Deposits 181,470 186,345
Amounts owed to group undertakings - 4,216
Tax 597 -
Social security and other taxes 180,278 115,885
Nest Pension 5,333 6,287
VAT 162,520 107,072
Accrued expenses 81,223 3,862
1,516,433 1,007,549

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 170,000 170,000
Bank loans - 2-5 years 123,833 293,834
293,833 463,834

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 463,833 633,834

The bank loans are secured by a fixed and floating charge over the assets of the company.

10. RELATED PARTY DISCLOSURES

Included within other debtors is a loan of £261,673 (2022: £258,093) from a company in which the director has a material interest. There are no terms as to repayments or interest and the loan is repayable on demand.

Included within other debtors is a loan of £10,494 (2022: £4,216 creditor) from the parent company. There are no terms as to repayments or interest and the loan is repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A BUBBLE COMPANY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A Bubble Company Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A Bubble Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A Bubble Company Limited and state those matters that we have agreed to state to the Board of Directors of A Bubble Company Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Bubble Company Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A Bubble Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A Bubble Company Limited. You consider that A Bubble Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A Bubble Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Kingsland House
39 Abbey Foregate
Shrewsbury
Shropshire
SY2 6BL


26 September 2024