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REGISTERED NUMBER: 10303631 (England and Wales)















The-Bunch Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






The-Bunch Limited (Registered number: 10303631)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The-Bunch Limited

Company Information
for the year ended 30 June 2024







Directors: R K Curnock
O Dickinson
Haatch Ventures Directors Limited
E B Herrod-Taylor
M R Haroldson
D G E Jephcott





Registered office: 77 Stokes Croft
Bristol
BS1 3RD





Registered number: 10303631 (England and Wales)






The-Bunch Limited (Registered number: 10303631)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 1,053 24,171
Tangible assets 5 71,753 139,540
Investments 6 1 1
72,807 163,712

Current assets
Debtors 7 1,705,423 1,282,054
Cash at bank and in hand 916,287 982,814
2,621,710 2,264,868
Creditors
Amounts falling due within one year 8 2,642,082 1,384,789
Net current (liabilities)/assets (20,372 ) 880,079
Total assets less current liabilities 52,435 1,043,791

Creditors
Amounts falling due after more than one
year

9

10,955

23,882
Net assets 41,480 1,019,909

Capital and reserves
Called up share capital 10 2,510 2,430
Share premium 11 3,982,875 3,549,576
Retained earnings 11 (3,943,905 ) (2,532,097 )
Shareholders' funds 41,480 1,019,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The-Bunch Limited (Registered number: 10303631)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





E B Herrod-Taylor - Director


The-Bunch Limited (Registered number: 10303631)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

The-Bunch 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for goods and services provided in the year and is stated net of VAT.

Turnover included in the Income Statement is recognised when 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors, loans from the bank and other third parties, loans to related parties, and investment in ordinary shares.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

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

The-Bunch Limited (Registered number: 10303631)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued

Research and development
Expenditure on research is written off in the year in which it is incurred, this includes external consultancy costs. Where costs relate to clearly feasible and identifiable projects, external contractor costs have been capitalised as intangible fixed assets.

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 48 (2023 - 46 ) .

4. Intangible fixed assets
Development
costs
£
Cost
At 1 July 2023
and 30 June 2024 221,756
Amortisation
At 1 July 2023 197,585
Amortisation for year 23,118
At 30 June 2024 220,703
Net book value
At 30 June 2024 1,053
At 30 June 2023 24,171

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 July 2023 214,325
Additions 20,370
Disposals (76,100 )
At 30 June 2024 158,595
Depreciation
At 1 July 2023 74,785
Charge for year 61,715
Eliminated on disposal (49,658 )
At 30 June 2024 86,842
Net book value
At 30 June 2024 71,753
At 30 June 2023 139,540

The-Bunch Limited (Registered number: 10303631)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 1
Net book value
At 30 June 2024 1
At 30 June 2023 1

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 220,484 177,959
Amounts owed by group undertakings 581,343 591,544
Other debtors 103,720 258,164
Directors' current accounts 597 6,312
Tax 120,000 95,666
Prepayments and accrued income 679,279 152,409
1,705,423 1,282,054

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 12,929 32,924
Trade creditors 1,149,850 80,714
Social security and other taxes 51,274 60,891
VAT 61,272 10,369
Other creditors 21,122 8,213
Accruals and deferred income 1,345,635 1,191,678
2,642,082 1,384,789

9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 10,955 23,882

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2,448,611 Ordinary 0.001 2,449 2,430

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
60,793 B Class 0.1 61 -

The-Bunch Limited (Registered number: 10303631)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


10. Called up share capital - continued

During the year, the company issued new shares 18,610 ordinary shares with nominal value £0.001 each and 60,793 B type shares with nominal value £0.001 each.

11. Reserves
Retained Share
earnings premium Totals
£ £ £

At 1 July 2023 (2,532,097 ) 3,549,576 1,017,479
Deficit for the year (1,411,808 ) (1,411,808 )
Cash share issue - 433,299 433,299
At 30 June 2024 (3,943,905 ) 3,982,875 38,970

12. Related party disclosures

Included within other debtors is £597 (2023: £6,312) owed from directors to the company. This amount was repaid to the company within nine months of the financial year end.

13. Post balance sheet events

Post year-end, there have been substantial changes to how the Company are working with key utility suppliers, which will have a significant impact on the way liabilities, customer debt and revenue are recorded in the financial statements to 30th June 2025.