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Company registration number: 06151866
Bobago Limited
Unaudited filleted financial statements
31 March 2025
Bobago Limited
Contents
Statement of financial position
Notes to the financial statements
Bobago Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 138,507 207,499
_______ _______
138,507 207,499
Current assets
Debtors 6 955,536 996,977
Cash at bank and in hand 1,623,458 1,278,794
_______ _______
2,578,994 2,275,771
Creditors: amounts falling due
within one year 7 ( 1,317,698) ( 1,366,387)
_______ _______
Net current assets 1,261,296 909,384
_______ _______
Total assets less current liabilities 1,399,803 1,116,883
Provisions for liabilities ( 34,627) ( 51,875)
_______ _______
Net assets 1,365,176 1,065,008
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,365,076 1,064,908
_______ _______
Shareholders funds 1,365,176 1,065,008
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
Mr J V Bryant
Director
Company registration number: 06151866
Bobago Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alphacom House, 8A Oakhill Road, Horsham, West Sussex, RH13 5SB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 10 % straight line
Plant and machinery - 25 % straight line
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2024: 13 ).
5. Tangible assets
Short leasehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2024 20,393 13,437 37,536 211,834 283,200
Additions - - 1,810 - 1,810
Disposals - - - ( 69,780) ( 69,780)
_______ _______ _______ _______ _______
At 31 March 2025 20,393 13,437 39,346 142,054 215,230
_______ _______ _______ _______ _______
Depreciation
At 1 April 2024 4,292 13,437 15,954 42,016 75,699
Charge for the year 4,294 - 4,441 26,937 35,672
Disposals - - - ( 34,648) ( 34,648)
_______ _______ _______ _______ _______
At 31 March 2025 8,586 13,437 20,395 34,305 76,723
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2025 11,807 - 18,951 107,749 138,507
_______ _______ _______ _______ _______
At 31 March 2024 16,101 - 21,582 169,818 207,501
_______ _______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 890,677 949,409
Other debtors 64,859 47,568
_______ _______
955,536 996,977
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 572,588 573,454
Corporation tax 178,592 162,977
Social security and other taxes 87,458 86,564
Other creditors 479,060 543,392
_______ _______
1,317,698 1,366,387
_______ _______
8. Operating leases
The company as lessee
The total future minimum lease payments under non-cancellable operating leases are as follows:
£ £
Not later than 1 year 16,000 16,000
Later than 1 year and not later than 5 years 26,667 2,667
_______ _______
42,667 18,667
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J V Bryant 8,000 2,640 10,640
Ms S A Bryant 8,000 2,640 10,640
_______ _______ _______
16,000 5,280 21,280
_______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr J V Bryant ( 5,000) 13,000 8,000
Ms S A Bryant ( 5,000) 13,000 8,000
_______ _______ _______
( 10,000) 26,000 16,000
_______ _______ _______
The loan is provided on an interest free basis and is repayable on demand.
10. Controlling party
The company is controlled by Mr J V Bryant & Mrs S A Bryant who together own the entire issued share capital of the company.