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Company Registration No. 11449280 (England and Wales)
Bubblebee Industries UK Ltd Unaudited accounts for the year ended 31 December 2024
Bubblebee Industries UK Ltd Unaudited accounts Contents
Page
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Bubblebee Industries UK Ltd Company Information for the year ended 31 December 2024
Directors
Poul Mejer Johansen Andrew Henry William McQuillan
Company Number
11449280 (England and Wales)
Registered Office
Suite 4a Avionics House Kingsway Business Park Newhaven Road Quedgeley GL2 2SN United Kingdom
Accountants
Next Level Accountants Limited 35 Goddard Way Tuffley Gloucester Gloucestershire GL4 0YA
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Bubblebee Industries UK Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
2,172 
Current assets
Debtors
14,246 
9,656 
Cash at bank and in hand
- 
3,398 
14,246 
13,054 
Creditors: amounts falling due within one year
(7,107)
(7,607)
Net current assets
7,139 
5,447 
Total assets less current liabilities
7,139 
7,619 
Provisions for liabilities
Deferred tax
- 
(413)
Net assets
7,139 
7,206 
Capital and reserves
Called up share capital
101 
100 
Profit and loss account
7,038 
7,106 
Shareholders' funds
7,139 
7,206 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by
Andrew Henry William McQuillan Director Company Registration No. 11449280
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Bubblebee Industries UK Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Bubblebee Industries UK Ltd is a private company, limited by shares, registered in England and Wales, registration number 11449280. The registered office is Suite 4a, Avionics House, Kingsway Business Park, Newhaven Road, Quedgeley, GL2 2SN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Bubblebee Industries UK Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
2,486 
6,208 
8,694 
At 31 December 2024
2,486 
6,208 
8,694 
Depreciation
At 1 January 2024
1,866 
4,656 
6,522 
Charge for the year
620 
1,552 
2,172 
At 31 December 2024
2,486 
6,208 
8,694 
Net book value
At 31 December 2024
- 
- 
- 
At 31 December 2023
620 
1,552 
2,172 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,231 
905 
Amounts due from group undertakings etc.
9,755 
5,491 
Accrued income and prepayments
1,284 
1,284 
Other debtors
1,976 
1,976 
14,246 
9,656 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
261 
- 
Taxes and social security
6,846 
7,607 
7,107 
7,607 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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