REGISTERED NUMBER: 12237322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Inflatabubble Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

S Hall

J T Hall

Registered office:

42 Kohima Crescent

Saighton

Chester

CH3 6GD

Registered number:

12237322 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

340,216

326,624

Current assets

Debtors

5

40,483

13,918

Cash at bank and in hand

81,338

111,820

121,821

125,738

Creditors

Amounts falling due within one year

6

173,782

130,144

Net current liabilities

(51,961

)

(4,406

)

Total assets less current liabilities

288,255

322,218

Creditors

Amounts falling due after more than one year

7

(169,289

)

(223,609

)

Provisions for liabilities

(42,924

)

(34,531

)

Net assets

76,042

64,078

Capital and reserves

Called up share capital

2

2

Retained earnings

76,040

64,076

76,042

64,078

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

J T Hall - Director

1.	Statutory information

Inflatabubble 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.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 32 (2023 - 9 ) .

4.	Tangible fixed assets

Fixtures

Leasehold

Plant and

and

improvements

machinery

fittings

£

£

£

Cost

At 1 November 2023

163,051

164,392

48,040

Additions

21,115

9,399

115,763

Disposals

-

-

(4,569

)

At 31 October 2024

184,166

173,791

159,234

Depreciation

At 1 November 2023

-

51,657

7,461

Charge for year

36,514

46,723

42,074

Eliminated on disposal

-

-

(1,296

)

At 31 October 2024

36,514

98,380

48,239

Net book value

At 31 October 2024

147,652

75,411

110,995

At 31 October 2023

163,051

112,735

40,579

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 November 2023

14,847

1,483

391,813

Additions

-

292

146,569

Disposals

-

-

(4,569

)

At 31 October 2024

14,847

1,775

533,813

Depreciation

At 1 November 2023

4,863

1,208

65,189

Charge for year

4,045

348

129,704

Eliminated on disposal

-

-

(1,296

)

At 31 October 2024

8,908

1,556

193,597

Net book value

At 31 October 2024

5,939

219

340,216

At 31 October 2023

9,984

275

326,624

5.

Debtors: amounts falling due within one year

31/10/24

31/10/23

£

£

Other debtors

40,483

13,918

6.

Creditors: amounts falling due within one year

31/10/24

31/10/23

£

£

Bank loans and overdrafts

31,709

-

Finance leases

3,820

-

Trade creditors

6,824

44,811

Taxation and social security

11,815

465

Other creditors

119,614

84,868

173,782

130,144

7.

Creditors: amounts falling due after more than one year

31/10/24

31/10/23

£

£

Bank loans

169,289

223,609

31/10/24

31/10/23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

112,490

72,952

8.	Secured debts

The following secured debts are included within creditors:

31/10/24

31/10/23

£

£

Bank loans

181,570

-

Finance lease

3,820

-

185,390

-

Bank loans have been secured by way of charge over the leasehold property.

Finance leases are secured on the underlying asset.

9.	Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 October 2024 was £15,388 (2023 - £10,716). These loans are interest free and repayable on demand.

The directors have guaranteed the company's borrowings. At 31 October 2024 the balance on these borrowings stood at £181,570.

10.	Leasing commitments

At 31 October 2024 the company had commitments under non-cancellable operating leases over the remaining life of these leases of £426,923 (2023 - £487,500) The amount payable within one year in respect of these leases was £104,423 (2023 - £60,577).

11.	Transition from FRS 105

Inflatabubble Ltd previously applied FRS 105 and was not required to recognise deferred tax. As a consequence of transitioning to FRS 102 the comparative balances have been restated. The effect of this adjustment is equity has been reduced by £34,531.