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REGISTERED NUMBER: 14051741 (England and Wales)









BUME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MAY 2024 TO 30 SEPTEMBER 2024






BUME LIMITED (REGISTERED NUMBER: 14051741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUME LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024







DIRECTORS: S J P R Clement
W E Sinclair





REGISTERED OFFICE: 124 City Road
London
London
EC1V 2NX





REGISTERED NUMBER: 14051741 (England and Wales)






BUME LIMITED (REGISTERED NUMBER: 14051741)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,764 -

CURRENT ASSETS
Debtors 5 32,163 6,027
Cash at bank 111,916 112,729
144,079 118,756
CREDITORS
Amounts falling due within one year 6 227,726 227,221
NET CURRENT LIABILITIES (83,647 ) (108,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,883

)

(108,465

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (61,983 ) (108,565 )
(61,883 ) (108,465 )

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

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

BUME LIMITED (REGISTERED NUMBER: 14051741)

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.

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 23 June 2025 and were signed on its behalf by:




S J P R Clement - Director



W E Sinclair - Director


BUME LIMITED (REGISTERED NUMBER: 14051741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bume 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.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate id revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition
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 income from the sale of credit reports and from affiliate marketing arrangements.

Revenue from the sale of credit reports is recognised at the point when the report is delivered to the customer and the company has fulfilled its performance obligations.

Affiliate income is recognised when the company has satisfied the performance obligations under the relevant affiliate agreement—typically when a referred customer completes a qualifying action, such as a purchase or registration—and it is probable that the economic benefits will not be reversed.

Turnover is measured at the fair value of the consideration received or receivable, excluding VAT and other sales taxes. Where affiliate income is subject to clawback provisions, revenue is recognised only to the extent that it is probable that the income will not be reversed.

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

BUME LIMITED (REGISTERED NUMBER: 14051741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets are liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Taxation
Taxation for the period 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 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.

BUME LIMITED (REGISTERED NUMBER: 14051741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Provisions
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Provision is not made for future operating losses.

Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as a finance cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 22,809
At 30 September 2024 22,809
DEPRECIATION
Charge for period 1,045
At 30 September 2024 1,045
NET BOOK VALUE
At 30 September 2024 21,764

BUME LIMITED (REGISTERED NUMBER: 14051741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MAY 2024 TO 30 SEPTEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.4.24
£    £   
Trade debtors 1,328 -
Amounts owed by group undertakings 100 100
Other debtors 30,735 5,927
32,163 6,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.4.24
£    £   
Trade creditors 18,504 7,181
Taxation and social security 38,557 -
Other creditors 170,665 220,040
227,726 227,221

7. RELATED PARTY DISCLOSURES

The following transactions are related due to common ownership and control.

During the period the company sold services totalling £19,050 (2024 : £nil) to STS Commercial Limited. At the period end £1,328 (2024: £nil) was due from STS Commercial Limited.

During the period the company sold services totalling £7,673 (2024 : £nil) to Cozi Limited. At the period end £nil (2024: £nil) was due from Cozi Limited.

During the period the company sold services totalling £5,858 (2024 : £nil) to Fizzyy Limited. At the period end £nil (2024: £nil) was due from Fizzyy Limited.

During the period the company purchased services totalling £63,556 (2024 : £10,140) from STS Commercial Limited. At the period end £7,326 (2024: £nil) was due to STS Commercial Limited.

During the period the company purchased services totalling £115,893 (2024 : £6,970) from Cozi Limited. At the period end £nil (2024: £nil) was due to Cozi Limited.

Amounts owed to related companies include £100 (2024: £100) owed to STS Commercial Limited and £126,514 (2024 :£139,950) owed to Cozi Limited.

The above balances are interest free and considered repayable on demand.

8. CHANGE IN ACCOUNTING REFERENCE DATE

The company's accounting reference date has been changed from 30 April to 30 September. As a result, the financial statements cover a period of 5 months, from 1 May 2024 to 30 September 2024.