IRIS Accounts Production v24.2.0.383 05708600 director 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057086002023-02-28057086002024-02-29057086002023-03-012024-02-29057086002022-02-28057086002022-03-012023-02-28057086002023-02-2805708600ns15:EnglandWales2023-03-012024-02-2905708600ns14:PoundSterling2023-03-012024-02-2905708600ns10:Director12023-03-012024-02-2905708600ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2905708600ns10:SmallEntities2023-03-012024-02-2905708600ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2905708600ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2905708600ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2905708600ns10:FullAccounts2023-03-012024-02-290570860012023-03-012024-02-2905708600ns10:CompanySecretary12023-03-012024-02-2905708600ns10:RegisteredOffice2023-03-012024-02-2905708600ns5:CurrentFinancialInstruments2024-02-2905708600ns5:CurrentFinancialInstruments2023-02-2805708600ns5:Non-currentFinancialInstruments2024-02-2905708600ns5:Non-currentFinancialInstruments2023-02-2805708600ns5:ShareCapital2024-02-2905708600ns5:ShareCapital2023-02-2805708600ns5:RetainedEarningsAccumulatedLosses2024-02-2905708600ns5:RetainedEarningsAccumulatedLosses2023-02-2805708600ns5:NetGoodwill2023-03-012024-02-2905708600ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2905708600ns5:NetGoodwill2023-02-2805708600ns5:NetGoodwill2024-02-2905708600ns5:NetGoodwill2023-02-2805708600ns5:PlantMachinery2023-02-2805708600ns5:PlantMachinery2023-03-012024-02-2905708600ns5:PlantMachinery2024-02-2905708600ns5:PlantMachinery2023-02-2805708600ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2905708600ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2805708600ns5:DeferredTaxation2023-02-2805708600ns5:DeferredTaxation2023-03-012024-02-2905708600ns5:DeferredTaxation2024-02-29057086001ns10:Director12023-02-28057086001ns10:Director12022-02-28057086001ns10:Director12023-03-012024-02-29057086001ns10:Director12022-03-012023-02-28057086001ns10:Director12024-02-29057086001ns10:Director12023-02-28
REGISTERED NUMBER: 05708600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BUBBLES PUBLISHING LIMITED

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUBBLES PUBLISHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: J A Hopley





SECRETARY: J A Hopley





REGISTERED OFFICE: 40 Chestnut Lane
Kingsnorth
Ashford
Kent
TN23 3LR





BUSINESS ADDRESS: Lambden House
Lambden Road
Pluckley
Ashford
Kent
TN27 0RB





REGISTERED NUMBER: 05708600 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 198 247
198 247

CURRENT ASSETS
Debtors 6 26,371 17,110
Cash at bank and in hand 1,554 1,470
27,925 18,580
CREDITORS
Amounts falling due within one year 7 24,930 18,523
NET CURRENT ASSETS 2,995 57
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,193

304

CREDITORS
Amounts falling due after more than one year 8 (8,249 ) (12,198 )

PROVISIONS FOR LIABILITIES 9 (38 ) (47 )
NET LIABILITIES (5,094 ) (11,941 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,194 ) (12,041 )
SHAREHOLDERS' FUNDS (5,094 ) (11,941 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





J A Hopley - Director


BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Bubbles Publishing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods, excluding value added tax. No account is taken for future obligations on invoices raised.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of boating magazine titles is amortised evenly over its estimated useful life of approximately 7 years.The recently acquired goodwill is amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment - 12% reducing balance
Computer equipment - 20% reducing balance

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.


BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
During the year the company made a profit of £7,041 (2023 - £6,544) and at the balance sheet date had net liabilities of £4,900 (2023 - £11,941). These financial statements have been prepared on a going concern basis which assumes continuing support from the companys creditors and director.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 17,500
AMORTISATION
At 1 March 2023
and 29 February 2024 17,500
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 3,062
DEPRECIATION
At 1 March 2023 2,815
Charge for year 49
At 29 February 2024 2,864
NET BOOK VALUE
At 29 February 2024 198
At 28 February 2023 247

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,533 5,563
Other debtors 23,838 11,547
26,371 17,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,391 4,080
Trade creditors 14,606 14,443
Taxation and social security 4,390 -
Other creditors 1,543 -
24,930 18,523

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 8,249 12,198

BUBBLES PUBLISHING LIMITED (REGISTERED NUMBER: 05708600)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 38 47

Deferred
tax
£   
Balance at 1 March 2023 47
Provided during year (9 )
Balance at 29 February 2024 38

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
J A Hopley
Balance outstanding at start of year 11,498 4,940
Amounts advanced 23,838 11,498
Amounts repaid (11,498 ) (4,940 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,838 11,498

11. RELATED PARTY DISCLOSURES

Mr J Hopley - Director and Shareholder

At the balance sheet date Mr Hopley owed Bubbles Publishing Ltd £23,838 (2023 - £11,498).

12. ULTIMATE CONTROLLING PARTY

The controlling party is J A Hopley.