Registered number
12300452
Bubbles Shisha Cafe Ltd
Filleted Accounts
31 October 2024
Bubbles Shisha Cafe Ltd
Registered number: 12300452
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,164 9,666
Current assets
Debtors 4 34,722 13,402
Cash at bank and in hand 3,205 3,122
37,927 16,524
Creditors: amounts falling due within one year 5 (49,898) (12,096)
Net current (liabilities)/assets (11,971) 4,428
Total assets less current liabilities 13,193 14,094
Creditors: amounts falling due after more than one year 6 (10,159) (13,606)
Net assets 3,034 488
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,033 487
Shareholder's funds 3,034 488
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shehzad Awan
Director
Approved by the board on 21 July 2025
Bubbles Shisha Cafe Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 33.33% straight line
Furniture & Fixture and Equipments 25% straight line
Motor vehicles 25% straight line
Leasehold improvements 10% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 3,394 7,017 24,800 35,211
Additions - 1,770 25,833 27,603
At 31 October 2024 3,394 8,787 50,633 62,814
Depreciation
At 1 November 2023 1,153 5,361 19,031 25,545
Charge for the year 339 1,153 10,613 12,105
At 31 October 2024 1,492 6,514 29,644 37,650
Net book value
At 31 October 2024 1,902 2,273 20,989 25,164
At 31 October 2023 2,241 1,656 5,769 9,666
4 Debtors 2024 2023
£ £
Trade debtors 34,346 11,594
Other debtors 376 1,808
34,722 13,402
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,196 1,430
Trade creditors 28,823 710
Taxation and social security costs 7,061 9,067
Other creditors 11,818 889
49,898 12,096
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,159 13,606
7 Call up Share Capital
No of shares £
Allotted, issued and fully paid :
Ordinary shares of par value of @ £1 each
At 1 November 2023 1 1
Share issued in year - -
At 31 October 2024 1 1
8 Other information
Bubbles Shisha Cafe Ltd is a private company limited by shares and incorporated in England. Its registered office is:
60 Surbiton Road
Kingston Upon Thames
England
KT1 2HT
Bubbles Shisha Cafe Ltd 12300452 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 Shehzad Awan No description of principal activity 12300452 2022-11-01 2023-10-31 12300452 core:WithinOneYear 2023-10-31 12300452 core:AfterOneYear 2023-10-31 12300452 core:ShareCapital 2023-10-31 12300452 core:RetainedEarningsAccumulatedLosses 2023-10-31 12300452 2023-11-01 2024-10-31 12300452 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12300452 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12300452 bus:Director40 2023-11-01 2024-10-31 12300452 1 2023-11-01 2024-10-31 12300452 2 2023-11-01 2024-10-31 12300452 core:LandBuildings 2023-11-01 2024-10-31 12300452 core:PlantMachinery 2023-11-01 2024-10-31 12300452 core:Vehicles 2023-11-01 2024-10-31 12300452 countries:England 2023-11-01 2024-10-31 12300452 bus:FRS102 2023-11-01 2024-10-31 12300452 bus:FilletedAccounts 2023-11-01 2024-10-31 12300452 2024-10-31 12300452 core:WithinOneYear 2024-10-31 12300452 core:AfterOneYear 2024-10-31 12300452 core:ShareCapital 2024-10-31 12300452 core:RetainedEarningsAccumulatedLosses 2024-10-31 12300452 core:LandBuildings 2024-10-31 12300452 core:PlantMachinery 2024-10-31 12300452 core:Vehicles 2024-10-31 12300452 2023-10-31 12300452 core:LandBuildings 2023-10-31 12300452 core:PlantMachinery 2023-10-31 12300452 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure