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REGISTERED NUMBER: 07311567 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2024 to 31 January 2025

for

BBCOMM Limited

BBCOMM Limited (Registered number: 07311567)






Contents of the Financial Statements
for the Period 1 August 2024 to 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBCOMM Limited

Company Information
for the Period 1 August 2024 to 31 January 2025







DIRECTORS: W W Gaskell
Mrs E A James





REGISTERED OFFICE: The Old Stables
Oak Street
Glossop
Derbyshire
SK13 7AP





REGISTERED NUMBER: 07311567 (England and Wales)





ACCOUNTANTS: Lomas and Company Accountants Limited
Bridge House
12 Market Street
Glossop
Derbyshire
SK13 8AR

BBCOMM Limited (Registered number: 07311567)

Balance Sheet
31 January 2025

31.1.25 31.7.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1 14,721
1 14,721

CURRENT ASSETS
Debtors 6 20,140 3,523
Cash at bank 203,729 314,685
223,869 318,208
CREDITORS
Amounts falling due within one year 7 34,034 24,658
NET CURRENT ASSETS 189,835 293,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,836

308,271

PROVISIONS FOR LIABILITIES - 3,680
NET ASSETS 189,836 304,591

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 189,834 304,589
SHAREHOLDERS' FUNDS 189,836 304,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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.

BBCOMM Limited (Registered number: 07311567)

Balance Sheet - continued
31 January 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




W W Gaskell - Director



Mrs E A James - Director


BBCOMM Limited (Registered number: 07311567)

Notes to the Financial Statements
for the Period 1 August 2024 to 31 January 2025

1. STATUTORY INFORMATION

BBCOMM 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been amortised evenly over its useful life of ten years.

Goodwill was amortised in full by the 2021 financial year.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

BBCOMM Limited (Registered number: 07311567)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 January 2025

2. ACCOUNTING POLICIES - continued

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.

Going concern
After reviewing the Company's forecast and projections, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

Debtors
Short term debtors are measured at transaction price, less than impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial Instruments
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment; the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of financial position 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.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

BBCOMM Limited (Registered number: 07311567)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 January 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2024
and 31 January 2025 72,858
AMORTISATION
At 1 August 2024
and 31 January 2025 72,858
NET BOOK VALUE
At 31 January 2025 -
At 31 July 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2024 27,095 8,123 35,218
Additions 597 2,246 2,843
Disposals (27,692 ) (10,368 ) (38,060 )
At 31 January 2025 - 1 1
DEPRECIATION
At 1 August 2024 13,877 6,620 20,497
Eliminated on disposal (13,877 ) (6,620 ) (20,497 )
At 31 January 2025 - - -
NET BOOK VALUE
At 31 January 2025 - 1 1
At 31 July 2024 13,218 1,503 14,721

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.24
£    £   
Other debtors 20,140 3,523

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.24
£    £   
Trade creditors 1 12,040
Taxation and social security 4,654 4,654
Other creditors 29,379 7,964
34,034 24,658

BBCOMM Limited (Registered number: 07311567)

Notes to the Financial Statements - continued
for the Period 1 August 2024 to 31 January 2025

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 January 2025 and the year ended 31 July 2024:

31.1.25 31.7.24
£    £   
W W Gaskell
Balance outstanding at start of period - 4,563
Amounts repaid - (4,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -