Bubbleology UK-Franchise Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09605631

Bubbleology UK-Franchise Ltd

Filleted Unaudited Financial Statements

31 December 2024

Bubbleology UK-Franchise Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	4	862,861	851,195
Cash at bank and in hand		2,290	5,987
		---------	---------
		865,151	857,182

Creditors: amounts falling due within one year	5	315,477	298,225
		---------	---------
Net current assets		549,674	558,957
		---------	---------
Total assets less current liabilities		549,674	558,957
		---------	---------
Net assets		549,674	558,957
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	549,574	558,857
	---------	---------
Shareholders funds	549,674	558,957
	---------	---------

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.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 August 2025 , and are signed on behalf of the board by:

Mr A Khan
Director

Company registration number: 09605631

Bubbleology UK-Franchise Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 125 Kingsway, London, WC2B 6NH, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Going concern

The company benefits from financial support from other group companies and shareholder loans. The director has received assurances that such support will continue to be available and so considers it appropriate that the accounts are prepared on a going concern basis.

Revenue recognition

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4. Debtors

	2024	2023
	£	£
Trade debtors	132,778	134,272
Amounts owed by group undertakings and undertakings in which the company has a participating interest	729,991	716,923
Other debtors	92	–
	---------	---------
	862,861	851,195
	---------	---------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	15,538	10,286
Amounts owed to group undertakings and undertakings in which the company has a participating interest	284,877	272,877
Other creditors	15,062	15,062
	---------	---------
	315,477	298,225
	---------	---------

6. Related party transactions

The Company has taken advantage of the exemption available under paragraph 1AC.35 of FRS102 not to disclose transactions with fellow wholly-owned group companies.

7. Parent company

The company is wholly owned subsidiary of Impulse Brands Group Limited, a company incorporated in England and Wales. The company is ultimately under the control of A Khan, the director and majority shareholder in Impulse Brands Group Limited.