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REGISTERED NUMBER: 13616999 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

MU BUBBLETEA LIMITED

MU BUBBLETEA LIMITED (REGISTERED NUMBER: 13616999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MU BUBBLETEA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M S Kiyani
Mrs U A Chaudhry





REGISTERED OFFICE: 21 Salisbury Road
Walthamstow
London
E17 9JW





REGISTERED NUMBER: 13616999 (England and Wales)





ACCOUNTANTS: AT
Chartered Certified Accountants
2 Rixsen Road
London
London
E12 6RN

MU BUBBLETEA LIMITED (REGISTERED NUMBER: 13616999)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,520 5,760
Tangible assets 5 32,082 38,984
35,602 44,744

CURRENT ASSETS
Stocks 3,035 2,620
Debtors 14,301 41,261
Cash at bank and in hand 22,487 39,639
39,823 83,520
CREDITORS
Amounts falling due within one year (19,551 ) (10,423 )
NET CURRENT ASSETS 20,272 73,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,874

117,841

CREDITORS
Amounts falling due after more than one year (93,684 ) (110,569 )
NET (LIABILITIES)/ASSETS (37,810 ) 7,272

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (37,812 ) 7,270
SHAREHOLDERS' FUNDS (37,810 ) 7,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

MU BUBBLETEA LIMITED (REGISTERED NUMBER: 13616999)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 April 2025 and were signed on its behalf by:




M S Kiyani - Director



Mrs U A Chaudhry - Director


MU BUBBLETEA LIMITED (REGISTERED NUMBER: 13616999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Mu Bubbletea 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.

These financial statements have been prepared on a going concern basis on the shareholders' confirmation of their continued personal support.

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

Franchise fee
Franchise fee is being written off over its term of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 10 years straight line.
Plant and machinery - 20% on reducing balance.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 13 (2023 - 15 ) .

MU BUBBLETEA LIMITED (REGISTERED NUMBER: 13616999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 9,600
AMORTISATION
At 1 October 2023 3,840
Amortisation for year 2,240
At 30 September 2024 6,080
NET BOOK VALUE

At 30 September 2024 3,520
At 30 September 2023 5,760

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 50,642
DEPRECIATION
At 1 October 2023 11,658
Charge for year 6,902
At 30 September 2024 18,560
NET BOOK VALUE
At 30 September 2024 32,082
At 30 September 2023 38,984

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 2 2

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors include £46,671 (2023 - £55,705) advanced by Mr. MS Kiyani and £47,013 (2023 - £54,864) advanced by Mrs. UA Chaudhry to the company. No interest is chargeable on these loans.