Company Registration No. 07346766 (England and Wales)
BUBBLE TELEVISION GROUP LIMITED
Unaudited accounts
for the year ended 30 June 2024
BUBBLE TELEVISION GROUP LIMITED
Unaudited accounts
Contents
BUBBLE TELEVISION GROUP LIMITED
Company Information
for the year ended 30 June 2024
Directors
Christos Phinikas
Samuel Phinikas
Company Number
07346766 (England and Wales)
Registered Office
13 BERWICK STREET
SOHO
LONDON
W1F 0PW
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
BUBBLE TELEVISION GROUP LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
336,000
384,922
Cash at bank and in hand
154,305
1,128,802
Creditors: amounts falling due within one year
(628,621)
(1,236,641)
Net current assets
177,236
561,708
Total assets less current liabilities
519,241
952,635
Creditors: amounts falling due after more than one year
(162,362)
(163,017)
Provisions for liabilities
Deferred tax
(61,616)
(70,422)
Net assets
295,263
719,196
Called up share capital
200
200
Profit and loss account
289,063
712,996
Shareholders' funds
295,263
719,196
For the year ending 30 June 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by
Samuel Phinikas
Director
Company Registration No. 07346766
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2024
BUBBLE TELEVISION GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07346766. The registered office is 13 BERWICK STREET, SOHO, LONDON, W1F 0PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% straight line
Plant & machinery
25% straight line
Motor vehicles
20% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
15% straight line
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 July 2023
336,854
894,106
29,999
84,125
55,390
1,400,474
Additions
25,079
25,587
-
29,619
1,255
81,540
At 30 June 2024
361,933
919,693
29,999
113,744
56,645
1,482,014
At 1 July 2023
172,673
723,815
8,400
62,105
48,559
1,015,552
Charge for the year
58,392
58,559
4,320
7,037
2,154
130,462
At 30 June 2024
231,065
782,374
12,720
69,142
50,713
1,146,014
At 30 June 2024
130,868
137,319
17,279
44,602
5,932
336,000
At 30 June 2023
164,181
170,291
21,599
22,020
6,831
384,922
5
Investments
Subsidiary undertakings
Valuation at 1 July 2023
6,005
Valuation at 30 June 2024
6,005
Amounts falling due within one year
Trade debtors
352,377
341,364
Amounts due from group undertakings etc.
223,900
197,805
Accrued income and prepayments
39,624
30,858
Other debtors
30,275
30,275
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,655
3,130
Trade creditors
99,213
114,966
Taxes and social security
35,810
86,316
BUBBLE TELEVISION GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
19,478
23,133
Other creditors
142,884
139,884
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
10
Average number of employees
During the year the average number of employees was 17 (2023: 20).