LM Bubble Tea Ltd.

LM Bubble Tea Ltd.
Statement of Financial Position
As at 30 September 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	65,127	84,781
		65,127	84,781
Current assets
Stocks	4	5,700	6,200
Debtors: amounts falling due within one year	5	11,374	6,805
Cash at bank and in hand		110,731	131,232
		127,805	144,237
Creditors: amount falling due within one year	6	(76,956)	(79,464)
Net current assets		50,849	64,773

Total assets less current liabilities		115,976	149,554
Creditors: amount falling due after more than one year	7	(24,238)	(32,183)
Provisions for liabilities	8	(8,294)	(8,294)
Net assets		83,444	109,077

Capital and reserves
Called up share capital	9	21	21
Profit and loss account		83,423	109,056
Shareholders' funds		83,444	109,077

For the year ended 30 September 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
Yingying Muddiman
Director

LM Bubble Tea Ltd.
Notes to the Financial Statements
For the year ended 30 September 2024

General Information

LM Bubble Tea Ltd. is a private company, limited by shares, registered in England and Wales, registration number 08696433, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 15 (2023 : 16).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 October 2023	21,054	65,418	91,561	178,033
Additions	-	-	2,054	2,054
Disposals	-	-	-	-
At 30 September 2024	21,054	65,418	93,615	180,087
Depreciation
At 01 October 2023	17,936	39,870	35,446	93,252
Charge for year	779	6,387	14,542	21,708
On disposals	-	-	-	-
At 30 September 2024	18,715	46,257	49,988	114,960
Net book values
Closing balance as at 30 September 2024	2,339	19,161	43,627	65,127
Opening balance as at 01 October 2023	3,118	25,548	56,115	84,781

Stocks

	2024 £		2023 £
Stocks	5,700		6,200
	5,700		6,200

Debtors: amounts falling due within one year

	2024 £		2023 £
Other Debtors	11,374		6,805
	11,374		6,805

Creditors: amount falling due within one year

	2024 £	2023 £
Trade Creditors	11,277	9,627
PAYE & Social Security	3,929	380
Directors' Current Accounts	61,750	69,457
	76,956	79,464

Creditors: amount falling due after more than one year

	2024 £		2023 £
Obligations Under HP/Financial Leases	24,238		32,183
	24,238		32,183

Provisions for liabilities

	2024 £		2023 £
Deferred Tax	8,294		8,294
	8,294		8,294

Share Capital

Authorised
21 A Ordinary shares of £1.00 each

Allotted, called up and fully paid	2024 £		2023 £
21 A Ordinary shares of £1.00 each	21		21
	21		21

Registered Number: 08696433
England and Wales
Filleted Accounts

for the year ended 30 September 2024
for
LM BUBBLE TEA LTD.