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REGISTERED NUMBER: 03781083 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BUMBA ZONKIE LIMITED

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUMBA ZONKIE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr C K Bichard





SECRETARY: Mrs K A Bichard





REGISTERED OFFICE: Mackenzies Accountants
4 Kings Row
Armstrong Road
Maidstone
Kent
ME15 6AQ





REGISTERED NUMBER: 03781083 (England and Wales)





ACCOUNTANTS: Mackenzies Accountants Limited
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 57,462 40,738

CURRENT ASSETS
Debtors 5 50,999 21,319
Cash at bank 5,087 398
56,086 21,717
CREDITORS
Amounts falling due within one year 6 73,981 27,561
NET CURRENT LIABILITIES (17,895 ) (5,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,567

34,894

CREDITORS
Amounts falling due after more than one
year

7

(22,527

)

(26,789

)

PROVISIONS FOR LIABILITIES 10 (4,384 ) (2,071 )
NET ASSETS 12,656 6,034

CAPITAL AND RESERVES
Called up share capital 11 300 300
Retained earnings 12,356 5,734
SHAREHOLDERS' FUNDS 12,656 6,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

BALANCE SHEET - continued
31 JANUARY 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Mr C K Bichard - Director


BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Bumba Zonkie 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Turnover represents invoiced rental income. The underlying property is not opted for tax therefore VAT is not chargeable on the rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Improvements and
leasehold to property fittings
£ £ £
COST
At 1 February 2023 10,212 18,510 32,884
Additions - - 15,505
At 31 January 2024 10,212 18,510 48,389
DEPRECIATION
At 1 February 2023 3,232 - 18,918
Charge for year 204 - 3,432
At 31 January 2024 3,436 - 22,350
NET BOOK VALUE
At 31 January 2024 6,776 18,510 26,039
At 31 January 2023 6,980 18,510 13,966

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 February 2023 - 4,521 66,127
Additions 5,891 278 21,674
At 31 January 2024 5,891 4,799 87,801
DEPRECIATION
At 1 February 2023 - 3,239 25,389
Charge for year 982 332 4,950
At 31 January 2024 982 3,571 30,339
NET BOOK VALUE
At 31 January 2024 4,909 1,228 57,462
At 31 January 2023 - 1,282 40,738

Improvements to property represents site improvement work carried out on the Dunkirk property, and asbestos management and dilapidation work carried out on the Canterbury site.

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,633 3,757
Amounts owed by associates 39,481 13,103
Prepayments 4,885 4,459
50,999 21,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 7,174 9,278
Amounts owed to associates - 4,872
Tax 19,731 10,403
Other creditors 34,287 1,018
Directors' current accounts 11,573 892
Accruals and deferred income 1,216 1,098
73,981 27,561

Other creditors consists of an amount due of £1,000 (2023: £1,000) in relation to rent deposit received from Grindall Limited, also an amount due of £2,752 (2023: £18) in relation to credit card liability, an amount due of £536 (2023: £Nil) and a rent provision of £30,000 (2023: £Nil).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 4,224 4,230
Bank loans - 2-5 years 12,671 12,689
Bank loans more than 5 yrs 5,632 9,870
22,527 26,789

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 yrs 5,632 9,870

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 78,506 83,291
Between one and five years 260,630 270,536
In more than five years 864,416 1,029,412
1,203,552 1,383,239

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. LEASING AGREEMENTS - continued

The lease on the land in Dunkirk, Kent is for a period of fifty years. The lease includes a break clause (for both parties) after 25 years, with the option to purchase at market value after adjusting for tenant improvements. Market rate rent reviews take place on every 5th anniversary of the lease. The lease commenced on 1st July 2007.

The lease on the The Old Coach Station, Preston Street, Faversham, Kent is for a period of twenty five years. Market rate rent reviews take place on every 5th anniversary of the lease. The lease commenced on 3rd December 2009.

The lease on 9a and 9b Roper Road, Canterbury, Kent is for a period of ten years, which commenced in March 2019.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loan 2,950 5,048

The First Business Securities loan is secured by way of a personal guarantee by the director. In addition to the above the company has an unsecured Covid Bounce Back loan of £26,750 (2023: £31,019).

10. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 4,384 2,071

Deferred tax
£
Balance at 1 February 2023 2,071
Provided during year 2,313
Balance at 31 January 2024 4,384

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
300 Ordinary £1 300 300

BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. RELATED PARTY DISCLOSURES

SME Sign Solutions Limited - during the year, the company received rent and service charges of £13,284 (2023: £15,193) from SME Sign Solutions Limited, a company under common control. At the year end an amount of £5,003 (2023: £13,103) was owed by SME Sign Solutions Limited to Bumba Zonkie Limited.

Grindall Limited - during the year, the company received rent of £98,254 (2023: £35,759) from Grindall Limited, a company under common control. At the year end an amount of £34,478 (2023: £4,872) was owed by Grindall Limited to Bumba Zonkie Limited which is included with trade debtors.

Mr Bichard is a director of all of the above companies.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C K Bichard.