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REGISTERED NUMBER: 10535461 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FLYING BULB LTD

FLYING BULB LTD (REGISTERED NUMBER: 10535461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLYING BULB LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs N Reed
Mr K Reed





REGISTERED OFFICE: 85 Greenlands Road
Weybridge
United Kingdom
KT13 8PS





REGISTERED NUMBER: 10535461 (England and Wales)





ACCOUNTANTS: SMH Howard Matthews Ltd
Lidgett House
56 Lidgett Lane
Garforth
Leeds
LS25 1LL

FLYING BULB LTD (REGISTERED NUMBER: 10535461)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,120 9,079

CURRENT ASSETS
Debtors 5 586 3,592
Cash at bank 205,480 190,671
206,066 194,263
CREDITORS
Amounts falling due within one year 6 77,204 76,123
NET CURRENT ASSETS 128,862 118,140
TOTAL ASSETS LESS CURRENT LIABILITIES 135,982 127,219

PROVISIONS FOR LIABILITIES 1,352 1,725
NET ASSETS 134,630 125,494

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 134,625 125,489
134,630 125,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

FLYING BULB LTD (REGISTERED NUMBER: 10535461)

BALANCE SHEET - continued
31 DECEMBER 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 2 May 2025 and were signed on its behalf by:





Mr K Reed - Director


FLYING BULB LTD (REGISTERED NUMBER: 10535461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Flying Bulb Ltd 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.

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

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 3 (2023 - 2 ) .

FLYING BULB LTD (REGISTERED NUMBER: 10535461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2024 8,153 27,010 35,163
Additions 413 - 413
At 31 December 2024 8,566 27,010 35,576
DEPRECIATION
At 1 January 2024 5,484 20,600 26,084
Charge for year 770 1,602 2,372
At 31 December 2024 6,254 22,202 28,456
NET BOOK VALUE
At 31 December 2024 2,312 4,808 7,120
At 31 December 2023 2,669 6,410 9,079

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Trade debtors 586 3,592

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 20,127 13,738
Other creditors 57,077 62,385
77,204 76,123

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr K Reed
Balance outstanding at start of year (30,664 ) (3,351 )
Amounts repaid (13,693 ) (27,313 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44,357 ) (30,664 )

FLYING BULB LTD (REGISTERED NUMBER: 10535461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs N Reed
Balance outstanding at start of year (7,000 ) -
Amounts repaid (4,750 ) (7,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (11,750 ) (7,000 )