Flybubble Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 08559763

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		6,309
Tangible Assets	5		13,707		19,258

			13,707		25,567
CURRENT ASSETS
Stocks	6	211,691		234,307
Debtors	7	26,192		50,673
Cash at bank and in hand		90,247		25,006

		328,130		309,986
Creditors: Amounts Falling Due Within One Year	8	(109,109 )		(137,494 )

NET CURRENT ASSETS (LIABILITIES)			219,021		172,492

TOTAL ASSETS LESS CURRENT LIABILITIES			232,728		198,059

Creditors: Amounts Falling Due After More Than One Year	9		(12,735 )		(14,963 )

NET ASSETS			219,993		183,096

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			219,893		182,996

SHAREHOLDERS' FUNDS			219,993		183,096

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Flybubble Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Carlo Borsattino Director	Miss Nancy Elliott Director
26/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Flybubble Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08559763 . The registered office is 1 Manor Close, Ringmer, Lewes, East Sussex, BN8 5PA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	50% Straight line
Motor Vehicles	25% Reduced balance
Fixtures & Fittings	25% Straight line
Computer Equipment	33% Straight line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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Flybubble Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Foreign Currencies

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

2.8. Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

2.9. Pensions

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 April 2024	45,000	28,118	73,118

As at 31 March 2025	45,000	28,118	73,118

Amortisation
As at 1 April 2024	45,000	21,809	66,809
Provided during the period	-	6,309	6,309

As at 31 March 2025	45,000	28,118	73,118

Net Book Value
As at 31 March 2025	-	-	-

As at 1 April 2024	-	6,309	6,309

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Flybubble Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	7,130	34,830	13,007	9,699	64,666

As at 31 March 2025	7,130	34,830	13,007	9,699	64,666

Depreciation
As at 1 April 2024	7,130	16,648	12,941	8,689	45,408
Provided during the period	-	4,545	66	940	5,551

As at 31 March 2025	7,130	21,193	13,007	9,629	50,959

Net Book Value
As at 31 March 2025	-	13,637	-	70	13,707

As at 1 April 2024	-	18,182	66	1,010	19,258

6. Stocks

	2025	2024
	£	£
Finished goods	211,691	234,307

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	19,146	26,171
Prepayments and accrued income	7,046	9,269
Corporation tax recoverable assets	-	15,233

	26,192	50,673

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,228	2,228
Trade creditors	30,152	53,116
Corporation tax	6,827	5,155
VAT	17,774	2,572
Accruals and deferred income	2,623	1,650
Directors' loan accounts	49,505	72,773

	109,109	137,494

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	12,735	14,963

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Flybubble Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,228	2,228
Later than one year and not later than five years	12,735	14,963

	14,963	17,191

	14,963	17,191

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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