2023-06-012024-05-312024-05-31false02822699FIZZBOMB LTD2025-02-16falseiso4217:GBPxbrli:pure028226992023-06-01028226992024-05-31028226992023-06-012024-05-31028226992022-06-01028226992023-05-31028226992022-06-012023-05-3102822699bus:SmallEntities2023-06-012024-05-3102822699bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3102822699bus:AbridgedAccounts2023-06-012024-05-3102822699bus:PrivateLimitedCompanyLtd2023-06-012024-05-3102822699core:WithinOneYear2024-05-3102822699core:AfterOneYear2024-05-3102822699core:WithinOneYear2023-05-3102822699core:AfterOneYear2023-05-3102822699core:ShareCapital2024-05-3102822699core:SharePremium2024-05-3102822699core:RevaluationReserve2024-05-3102822699core:OtherReservesSubtotal2024-05-3102822699core:RetainedEarningsAccumulatedLosses2024-05-3102822699core:ShareCapital2023-05-3102822699core:SharePremium2023-05-3102822699core:RevaluationReserve2023-05-3102822699core:OtherReservesSubtotal2023-05-3102822699core:RetainedEarningsAccumulatedLosses2023-05-3102822699core:LandBuildings2024-05-3102822699core:PlantMachinery2024-05-3102822699core:Vehicles2024-05-3102822699core:FurnitureFittings2024-05-3102822699core:OfficeEquipment2024-05-3102822699core:NetGoodwill2024-05-3102822699core:IntangibleAssetsOtherThanGoodwill2024-05-3102822699core:ListedExchangeTraded2024-05-3102822699core:UnlistedNon-exchangeTraded2024-05-3102822699core:LandBuildings2023-05-3102822699core:PlantMachinery2023-05-3102822699core:Vehicles2023-05-3102822699core:FurnitureFittings2023-05-3102822699core:OfficeEquipment2023-05-3102822699core:NetGoodwill2023-05-3102822699core:IntangibleAssetsOtherThanGoodwill2023-05-3102822699core:ListedExchangeTraded2023-05-3102822699core:UnlistedNon-exchangeTraded2023-05-3102822699core:LandBuildings2023-06-012024-05-3102822699core:PlantMachinery2023-06-012024-05-3102822699core:Vehicles2023-06-012024-05-3102822699core:FurnitureFittings2023-06-012024-05-3102822699core:OfficeEquipment2023-06-012024-05-3102822699core:NetGoodwill2023-06-012024-05-3102822699core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3102822699core:ListedExchangeTraded2023-06-012024-05-3102822699core:UnlistedNon-exchangeTraded2023-06-012024-05-3102822699core:MoreThanFiveYears2023-06-012024-05-3102822699core:Non-currentFinancialInstruments2024-05-3102822699core:Non-currentFinancialInstruments2023-05-3102822699dpl:CostSales2023-06-012024-05-3102822699dpl:DistributionCosts2023-06-012024-05-3102822699core:LandBuildings2023-06-012024-05-3102822699core:PlantMachinery2023-06-012024-05-3102822699core:Vehicles2023-06-012024-05-3102822699core:FurnitureFittings2023-06-012024-05-3102822699core:OfficeEquipment2023-06-012024-05-3102822699dpl:AdministrativeExpenses2023-06-012024-05-3102822699core:NetGoodwill2023-06-012024-05-3102822699core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3102822699dpl:GroupUndertakings2023-06-012024-05-3102822699dpl:ParticipatingInterests2023-06-012024-05-3102822699dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3102822699core:ListedExchangeTraded2023-06-012024-05-3102822699dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3102822699core:UnlistedNon-exchangeTraded2023-06-012024-05-3102822699dpl:CostSales2022-06-012023-05-3102822699dpl:DistributionCosts2022-06-012023-05-3102822699core:LandBuildings2022-06-012023-05-3102822699core:PlantMachinery2022-06-012023-05-3102822699core:Vehicles2022-06-012023-05-3102822699core:FurnitureFittings2022-06-012023-05-3102822699core:OfficeEquipment2022-06-012023-05-3102822699dpl:AdministrativeExpenses2022-06-012023-05-3102822699core:NetGoodwill2022-06-012023-05-3102822699core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3102822699dpl:GroupUndertakings2022-06-012023-05-3102822699dpl:ParticipatingInterests2022-06-012023-05-3102822699dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3102822699core:ListedExchangeTraded2022-06-012023-05-3102822699dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3102822699core:UnlistedNon-exchangeTraded2022-06-012023-05-3102822699core:NetGoodwill2024-05-3102822699core:IntangibleAssetsOtherThanGoodwill2024-05-3102822699core:LandBuildings2024-05-3102822699core:PlantMachinery2024-05-3102822699core:Vehicles2024-05-3102822699core:FurnitureFittings2024-05-3102822699core:OfficeEquipment2024-05-3102822699core:AfterOneYear2024-05-3102822699core:WithinOneYear2024-05-3102822699core:ListedExchangeTraded2024-05-3102822699core:UnlistedNon-exchangeTraded2024-05-3102822699core:ShareCapital2024-05-3102822699core:SharePremium2024-05-3102822699core:RevaluationReserve2024-05-3102822699core:OtherReservesSubtotal2024-05-3102822699core:RetainedEarningsAccumulatedLosses2024-05-3102822699core:NetGoodwill2023-05-3102822699core:IntangibleAssetsOtherThanGoodwill2023-05-3102822699core:LandBuildings2023-05-3102822699core:PlantMachinery2023-05-3102822699core:Vehicles2023-05-3102822699core:FurnitureFittings2023-05-3102822699core:OfficeEquipment2023-05-3102822699core:AfterOneYear2023-05-3102822699core:WithinOneYear2023-05-3102822699core:ListedExchangeTraded2023-05-3102822699core:UnlistedNon-exchangeTraded2023-05-3102822699core:ShareCapital2023-05-3102822699core:SharePremium2023-05-3102822699core:RevaluationReserve2023-05-3102822699core:OtherReservesSubtotal2023-05-3102822699core:RetainedEarningsAccumulatedLosses2023-05-3102822699core:NetGoodwill2022-06-0102822699core:IntangibleAssetsOtherThanGoodwill2022-06-0102822699core:LandBuildings2022-06-0102822699core:PlantMachinery2022-06-0102822699core:Vehicles2022-06-0102822699core:FurnitureFittings2022-06-0102822699core:OfficeEquipment2022-06-0102822699core:AfterOneYear2022-06-0102822699core:WithinOneYear2022-06-0102822699core:ListedExchangeTraded2022-06-0102822699core:UnlistedNon-exchangeTraded2022-06-0102822699core:ShareCapital2022-06-0102822699core:SharePremium2022-06-0102822699core:RevaluationReserve2022-06-0102822699core:OtherReservesSubtotal2022-06-0102822699core:RetainedEarningsAccumulatedLosses2022-06-0102822699core:AfterOneYear2023-06-012024-05-3102822699core:WithinOneYear2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3102822699core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3102822699core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3102822699core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3102822699core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3102822699core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3102822699bus:Director12023-06-012024-05-3102822699bus:Director22023-06-012024-05-31

FIZZBOMB LTD

Registered Number
02822699
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

FIZZBOMB LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Claire Gray
Kes Gray

Registered Address

Unit 3 Uphall Farm
Salmons Lane
Colchester
CO6 1RY

Registered Number

02822699 (England and Wales)
FIZZBOMB LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets311
Tangible assets42,1593,595
Investments5150292
2,3103,888
Current assets
Stocks5,16510,237
Debtors6167,328196,810
Cash at bank and on hand57,44630,901
229,939237,948
Creditors amounts falling due within one year7(56,482)(52,714)
Net current assets (liabilities)173,457185,234
Total assets less current liabilities175,767189,122
Creditors amounts falling due after one year(21,668)(31,734)
Net assets154,099157,388
Capital and reserves
Called up share capital6161
Profit and loss account154,038157,327
Shareholders' funds154,099157,388
The financial statements were approved and authorised for issue by the Board of Directors on 16 February 2025, and are signed on its behalf by:
Kes Gray
Director
Registered Company No. 02822699
FIZZBOMB LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for the sale of goods/provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Current taxation
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognized immediately in profit or loss
Trade and other debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Total

£
Cost or valuation
At 01 June 236,305
At 31 May 246,305
Amortisation and impairment
At 01 June 236,304
At 31 May 246,304
Net book value
At 31 May 241
At 31 May 231
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2310,487
At 31 May 2410,487
Depreciation and impairment
At 01 June 236,891
Charge for year1,437
At 31 May 248,328
Net book value
At 31 May 242,159
At 31 May 233,595
5.Fixed asset investments

Total

£
Cost or valuation
At 01 June 23292
Disposals(142)
At 31 May 24150
Net book value
At 31 May 24150
At 31 May 23292
6.Debtors: amounts due within one year

2024

2023

££
Other debtors167,328196,214
Prepayments and accrued income-596
Total167,328196,810
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6060
Bank borrowings and overdrafts216-
Taxation and social security55,64652,601
Other creditors56053
Total56,48252,714
8.Financial instruments
Included in creditors is a bounce back loan. The bounce back loan is denominated in GBP with a nominal interest rate of 2.5%. The final instalment is due on 3rd July 2026. The carrying amount at the year end is £21,668 (2022: £31,734)
9.Operating lease commitments
At 31st May 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £29,187 (2023 – £36,801)
10.Share capital
The company has issued share capital of 60 ordinary A shares of £1 each and 1 ordinary B share of £1 each. There have been no changes in the year.