REGISTERED NUMBER: 03716261 (England and Wales)

Abbreviated Accounts for the Year Ended 31 July 2016

for

A Bubble Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M Collins

REGISTERED OFFICE:

333 Medlar Street

London

SE5 0JU

REGISTERED NUMBER:

03716261 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

2

115,341

112,787

CURRENT ASSETS

Stocks

72,722

15,632

Debtors

314,228

419,486

Cash at bank and in hand

261,044

54,857

647,994

489,975

CREDITORS

Amounts falling due within one year

654,858

510,689

NET CURRENT LIABILITIES

(6,864

)

(20,714

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,477

92,073

CREDITORS

Amounts falling due after more than one year

(4,470

)

(1,923

)

PROVISIONS FOR LIABILITIES

(2,440

)

-

NET ASSETS

101,567

90,150

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

100,567

89,150

SHAREHOLDERS' FUNDS

101,567

90,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 10 March 2017 and were signed by:

M Collins - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

226,978

Additions

13,153

At 31 July 2016

240,131

DEPRECIATION

At 1 August 2015

114,191

Charge for year

10,599

At 31 July 2016

124,790

NET BOOK VALUE

At 31 July 2016

115,341

At 31 July 2015

112,787

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

1,000

Ordinary

£1

1,000

1,000