Registered number
06116131
Bullseye Limited
Filleted Accounts
27 February 2024
Bullseye Limited
Registered number: 06116131
Balance Sheet
as at 27 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,039 7,039
Current assets
Debtors 4 940 940
Cash at bank and in hand 16 16
956 956
Creditors: amounts falling due within one year 5 (54,327) (53,367)
Net current liabilities (53,371) (52,411)
Net liabilities (46,332) (45,372)
Capital and reserves
Called up share capital 1 1
Profit and loss account (46,333) (45,373)
Shareholder's funds (46,332) (45,372)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A G Koulli
Director
Approved by the board on 19 November 2024
Bullseye Limited
Notes to the Accounts
for the year ended 27 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & equipment 15% per annum of net book value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures & equipment
£
Cost
At 28 February 2023 20,099
At 27 February 2024 20,099
Depreciation
At 28 February 2023 13,060
At 27 February 2024 13,060
Net book value
At 27 February 2024 7,039
At 27 February 2023 7,039
4 Debtors 2024 2023
£ £
Other debtors 940 940
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 24,415 27,978
Trade creditors 9,538 9,238
Taxation and social security costs 12,072 12,072
Directors loans 8,302 4,079
54,327 53,367
6 Other information
Bullseye Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Hillary Street
Stoke On Trent
Staffordshire
ST6 2PG
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