Company Registration No. 07342869 (England and Wales)
Bazooka Search Ltd
Filleted accounts
for the year ended 31 December 2024
Bazooka Search Ltd
Filleted accounts
Contents
Bazooka Search Ltd
Company Information
for the year ended 31 December 2024
Directors
Mostafa Abdi
William Phillip Bagnall
Company Number
07342869 (England and Wales)
Registered Office
Rotunda Building, Westworks
195 Wood Lane
London
W12 7FQ
United Kingdom
Accountants
Aikon Accountants Limited
17 Hanover Square
London
W1S 1BN
Bazooka Search Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,725
3,406
Cash at bank and in hand
237,448
254,369
Creditors: amounts falling due within one year
(307,124)
(422,209)
Net current assets
184,142
76,623
Total assets less current liabilities
186,721
80,883
Creditors: amounts falling due after more than one year
(15,000)
(78,763)
Called up share capital
2,158
2,158
Share premium
74,892
74,892
Profit and loss account
94,671
(74,930)
Shareholders' funds
171,721
2,120
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2025 and were signed on its behalf by
William Phillip Bagnall
Director
Company Registration No. 07342869
Bazooka Search Ltd
Notes to the Accounts
for the year ended 31 December 2024
Bazooka Search Ltd is a private company, limited by shares, registered in England and Wales, registration number 07342869. The registered office is Rotunda Building, Westworks, 195 Wood Lane, London, W12 7FQ, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 GBP, which is the functional currency of the entity.
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented.
(b) No cash flow statement has been presented for the company.
(c) Disclosures in respect of financial instruments have not been presented.
(d) Disclosures in respect of share-based payments have not been presented.
(e) No disclosure has been given for the aggregate remuneration of key management personnel.
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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Bazooka Search Ltd
Notes to the Accounts
for the year ended 31 December 2024
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
33.33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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Tangible fixed assets
Computer equipment
At 31 December 2024
13,524
At 31 December 2024
11,799
Bazooka Search Ltd
Notes to the Accounts
for the year ended 31 December 2024
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Investments
Subsidiary undertakings
Valuation at 1 January 2024
854
Valuation at 31 December 2024
854
The company has incorporated a wholly owned subsidiary in Poland and the nominal value of the share capital is £854.
Amounts falling due within one year
Trade debtors
49,045
82,690
Accrued income and prepayments
27,162
11,022
Other debtors
177,611
150,127
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
33,763
53,968
Trade creditors
72,821
107,151
Amounts owed to group undertakings and other participating interests
41,017
95,362
Taxes and social security
24,022
118,081
Other creditors
95,022
33,604
Deferred income
16,566
8,274
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
15,000
45,000
Bazooka Search Ltd
Notes to the Accounts
for the year ended 31 December 2024
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Transactions with related parties
As at 31.12.2024 Bazooka Search Ltd was owed a balance of £1,768 by Tabreezee Limited (2023 - £1,768).
One of the directors of Bazooka Search Ltd is also a director and shareholder of Tabreezee Limited.
As at 31.12.2024 Bazooka Search Ltd was owed a balance of £78,655 by HQI Studio Ltd (2023 - £77,755).
One of the directors of Bazooka Search Ltd is also a director and shareholder of HQI Studio Ltd.
During the year, the company received services amounting to £1,381,142 from Suso PL Spólka Z Ograniczona Odpowiedzialnoscia.
As at 31.12.2024 Bazooka Search Ltd owed a balance of £41,017 to Suso PL Spólka Z Ograniczona Odpowiedzialnoscia.
Suso PL Spólka Z Ograniczona Odpowiedzialnoscia is a wholly owned subsidiary of Bazooka Search Ltd.
During the year, the company received services amounting to £27,825 from HQI Foundation .
As at 31.12.2024 Bazooka Search Ltd was owed a balance of £26,798 by HQI Foundation (2023 - £26,798). HQI Foundation is a registered charity in the UK.
Directors of Bazooka Search Ltd are also directors and trustees of HQI Foundation.
As at 31.12.2024 Bazooka Search Ltd was owed a balance of £3,480 (2023 - £32,475) by the Directors.
The ultimate controlling person is Mostafa Abdi.
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Average number of employees
During the year the average number of employees was 7 (2023: 7).