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REGISTERED NUMBER: 08827470 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Consumobibo Ltd

Consumobibo Ltd (Registered number: 08827470)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Consumobibo Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R L Mascarenhas





REGISTERED OFFICE: 3 Sheen Road
Richmond Upon Thames
TW9 1AD





REGISTERED NUMBER: 08827470 (England and Wales)





ACCOUNTANTS: SKS Business Services Ltd
3 Sheen Road
Richmond Upon Thames
Surrey
TW9 1AD

Consumobibo Ltd (Registered number: 08827470)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 46,222 58,483
46,222 58,483

CURRENT ASSETS
Stocks 10,217 12,332
Debtors 5 69,480 63,838
Cash at bank 88,014 178,868
167,711 255,038
CREDITORS
Amounts falling due within one year 6 (265,816 ) (467,992 )
NET CURRENT LIABILITIES (98,105 ) (212,954 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,883

)

(154,471

)

CREDITORS
Amounts falling due after more than one year 7 (30,000 ) (65,000 )

PROVISIONS FOR LIABILITIES (10,024 ) (12,297 )
NET LIABILITIES (91,907 ) (231,768 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (91,908 ) (231,769 )
SHAREHOLDERS' FUNDS (91,907 ) (231,768 )

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

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

The director acknowledges her 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.

Consumobibo Ltd (Registered number: 08827470)

Balance Sheet - continued
31 March 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 26 December 2024 and were signed by:





R L Mascarenhas - Director


Consumobibo Ltd (Registered number: 08827470)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.

INTANGIBLE FIXED ASSETS - GOODWILL
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years.

TANGIBLE FIXED ASSETS
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold Improvements20% Straight line
Plant and machinery20% Straight line
Fixtures, fittings & equipment20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

IMPAIRMENT OF FIXED ASSETS
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any) .

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

FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Consumobibo Ltd (Registered number: 08827470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

RETIREMENT BENEFITS
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

EQUITY INSTRUMENTS
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

CASH AT BANK AND IN HAND
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

EMPLOYEE BENEFITS
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 16 ) .

Consumobibo Ltd (Registered number: 08827470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 47,350
AMORTISATION
At 1 April 2023
and 31 March 2024 47,350
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 111,030 102,464 62,257 275,751
Additions - 6,807 2,130 8,937
At 31 March 2024 111,030 109,271 64,387 284,688
DEPRECIATION
At 1 April 2023 91,084 65,288 60,896 217,268
Charge for year 7,312 13,007 879 21,198
At 31 March 2024 98,396 78,295 61,775 238,466
NET BOOK VALUE
At 31 March 2024 12,634 30,976 2,612 46,222
At 31 March 2023 19,946 37,176 1,361 58,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,967 9,962
Amounts owed by group undertakings 34,136 -
Other debtors 928 38,662
Prepayments 16,449 15,214
69,480 63,838

Consumobibo Ltd (Registered number: 08827470)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 88,317 50,754
Amounts owed to group undertakings - 6,062
Corporation tax 6,007 -
Social security and other tax 9,222 6,996
VAT 46,367 37,386
Other creditors 71,568 55,018
Directors' current accounts 24,401 300,734
Accrued expenses 19,934 11,042
265,816 467,992

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Redeemable preference shares 30,000 65,000

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (231,769 )
Profit for the year 139,861
At 31 March 2024 (91,908 )

10. OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under noncancellable operating leases, of £76,500 (2023 - £80,000).