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Registered Number: 11556451
England and Wales

 

 

 

BUBBLE FINANCE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2022

End date: 31 March 2024
Director Mr Nick Philippides
Registered Number 11556451
Registered Office 1148A Stratford Road
Hall Green
Birmingham
B28 8AF
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B153EZ
1
 
 
Notes
 
2024
£
  2022
£
Fixed assets      
Intangible fixed assets 3 150    600 
Tangible fixed assets 4 123    1,248 
273    1,848 
Current assets      
Debtors 5 35,902    53,882 
Cash at bank and in hand 44,916    4,090 
80,818    57,972 
Creditors: amount falling due within one year 6 (34,732)   (32,307)
Net current assets 46,086    25,665 
 
Total assets less current liabilities 46,359    27,513 
Creditors: amount falling due after more than one year 7 (42,912)   (47,295)
Net assets 3,447    (19,782)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 3,347    (19,882)
Shareholders' funds 3,447    (19,782)
 


For the period ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 07 March 2025 and were signed by:


-------------------------------
Mr Nick Philippides
Director
2
General Information
Bubble Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 11556451, registration address 1148A Stratford Road, Hall Green, Birmingham, B28 8AF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
2.

Average number of employees

Average number of employees during the period was 0 (2022 : 0).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 October 2022 1,500    1,500 
Additions  
Disposals  
At 31 March 2024 1,500    1,500 
Amortisation
At 01 October 2022 900    900 
Charge for period 450    450 
On disposals  
At 31 March 2024 1,350    1,350 
Net book values
At 31 March 2024 150    150 
At 30 September 2022 600    600 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 October 2022 3,748    3,748 
Additions  
Disposals  
At 31 March 2024 3,748    3,748 
Depreciation
At 01 October 2022 2,500    2,500 
Charge for period 1,125    1,125 
On disposals  
At 31 March 2024 3,625    3,625 
Net book values
Closing balance as at 31 March 2024 123    123 
Opening balance as at 01 October 2022 1,248    1,248 


5.

Debtors: amounts falling due within one year

2024
£
  2022
£
Other Debtors 2,156    2,156 
Tax under CTA 2010 s455 13,077   
Directors' Current Accounts 20,669    51,726 
35,902    53,882 

6.

Creditors: amount falling due within one year

2024
£
  2022
£
Bank Loans & Overdrafts   2,705 
Corporation Tax 34,222    27,622 
Accrued Expenses 510    1,980 
34,732    32,307 

7.

Creditors: amount falling due after more than one year

2024
£
  2022
£
Bank Loans & Overdrafts 42,912    47,295 
42,912    47,295 

3