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REGISTERED NUMBER: 08253485 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BUBBLE CHA LIMITED

BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)






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


BUBBLE CHA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: K Y Cheng





SECRETARY: Mrs L C K Cheng





REGISTERED OFFICE: 52 Stowell Street
Newcastle upon Tyne
NE1 4XQ





REGISTERED NUMBER: 08253485 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,865 2,421

CURRENT ASSETS
Stocks 8,321 8,750
Debtors 5 84,199 104,535
Cash at bank and in hand 6,950 3,532
99,470 116,817
CREDITORS
Amounts falling due within one year 6 81,233 94,497
NET CURRENT ASSETS 18,237 22,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,102

24,741

CREDITORS
Amounts falling due after more than one
year

7

(13,181

)

(23,257

)

PROVISIONS FOR LIABILITIES (1,466 ) (605 )
NET ASSETS 9,455 879

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9,453 877
SHAREHOLDERS' FUNDS 9,455 879

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.

BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2024 and were signed by:





K Y Cheng - Director


BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)

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

1. STATUTORY INFORMATION

Bubble Cha 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 represents sales of goods from the company's principal activity, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 34,570
Additions 4,620
At 31 January 2024 39,190
DEPRECIATION
At 1 February 2023 32,149
Charge for year 1,176
At 31 January 2024 33,325
NET BOOK VALUE
At 31 January 2024 5,865
At 31 January 2023 2,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 84,199 104,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,076 10,076
Trade creditors 16,741 1,720
Taxation and social security 25,325 33,314
Other creditors 29,091 49,387
81,233 94,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,181 23,257

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

BUBBLE CHA LIMITED (REGISTERED NUMBER: 08253485)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
K Y Cheng
Balance outstanding at start of year 72,607 54,979
Amounts advanced - 17,628
Amounts repaid (6,351 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,256 72,607

10. RELATED PARTY DISCLOSURES

The company rented an outlet from the director during the year (2023: £Nil). This was charged at £11,000 and deemed to be at market rate.