Bleep 360 Limited 08625842 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Labour recruitment and provision of personnel Digita Accounts Production Advanced 6.30.9574.0 true false true 08625842 2023-01-01 2023-12-31 08625842 2023-12-31 08625842 bus:OrdinaryShareClass2 2023-12-31 08625842 core:CurrentFinancialInstruments 2023-12-31 08625842 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 08625842 core:FurnitureFittingsToolsEquipment 2023-12-31 08625842 bus:SmallEntities 2023-01-01 2023-12-31 08625842 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08625842 bus:FullAccounts 2023-01-01 2023-12-31 08625842 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08625842 bus:RegisteredOffice 2023-01-01 2023-12-31 08625842 bus:Director2 2023-01-01 2023-12-31 08625842 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 08625842 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08625842 core:FurnitureFittings 2023-01-01 2023-12-31 08625842 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 08625842 core:OfficeEquipment 2023-01-01 2023-12-31 08625842 countries:UnitedKingdom 2023-01-01 2023-12-31 08625842 2022-12-31 08625842 core:CostValuation 2022-12-31 08625842 core:FurnitureFittingsToolsEquipment 2022-12-31 08625842 2022-01-01 2022-12-31 08625842 2022-12-31 08625842 bus:OrdinaryShareClass2 2022-12-31 08625842 core:CurrentFinancialInstruments 2022-12-31 08625842 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 08625842 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08625842

Bleep 360 Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Bleep 360 Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Bleep 360 Limited

(Registration number: 08625842)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,982

3,557

Investments

6

6,000

6,000

 

7,982

9,557

Current assets

 

Debtors

7

2,476,663

1,936,378

Cash at bank and in hand

 

3,743

62,387

 

2,480,406

1,998,765

Creditors: Amounts falling due within one year

8

(1,931,469)

(1,643,679)

Net current assets

 

548,937

355,086

Net assets

 

556,919

364,643

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

556,819

364,543

Shareholders' funds

 

556,919

364,643

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
Thomas Noel James Doran
Director

 

Bleep 360 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Collingham House
6-12 Gladstone Road
Wimbledon
London
SW19 1QT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Bleep 360 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Asset class

Depreciation method and rate

Furniture & Fittings

20% Straight Line

Office Equipment

20% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Bleep 360 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2022 - 28).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

2,824

2,574

 

Bleep 360 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

35,908

35,908

Additions

1,249

1,249

At 31 December 2023

37,157

37,157

Depreciation

At 1 January 2023

32,351

32,351

Charge for the year

2,824

2,824

At 31 December 2023

35,175

35,175

Carrying amount

At 31 December 2023

1,982

1,982

At 31 December 2022

3,557

3,557

6

Investments

2023
£

2022
£

Investments in subsidiaries

6,000

6,000

Subsidiaries

£

Cost or valuation

At 1 January 2023

6,000

Provision

Carrying amount

At 31 December 2023

6,000

At 31 December 2022

6,000

7

Debtors

 

Bleep 360 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Current

Note

2023
£

2022
£

Trade debtors

 

807,602

582,156

Amounts owed by related parties

194,857

-

Prepayments

 

9,471

7,659

Other debtors

 

1,464,733

1,346,563

   

2,476,663

1,936,378

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10

418,432

218,643

Trade creditors

 

23,835

25,435

Taxation and social security

 

57,585

186,488

Accruals and deferred income

 

30,416

37,003

Other creditors

 

1,401,201

1,176,110

 

1,931,469

1,643,679

9

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

       

10

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Bank borrowings

29,629

39,031

Other borrowings

388,803

179,612

418,432

218,643