REGISTERED NUMBER: 03716261 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

A BUBBLE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

M Collins

SECRETARY:

J Webb

REGISTERED OFFICE:

333 Medlar Street

London

SE5 0JU

REGISTERED NUMBER:

03716261 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

FIXED ASSETS

Tangible assets

5

178,142

115,341

CURRENT ASSETS

Stocks

24,000

72,722

Debtors

6

409,541

314,228

Cash at bank and in hand

332,174

261,044

765,715

647,994

CREDITORS

Amounts falling due within one year

7

735,904

654,858

NET CURRENT ASSETS/(LIABILITIES)

29,811

(6,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

207,953

108,477

CREDITORS

Amounts falling due after more than one year

8

(31,204

)

(4,470

)

PROVISIONS FOR LIABILITIES

(7,588

)

(2,440

)

NET ASSETS

169,161

101,567

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

168,161

100,567

169,161

101,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 25 April 2018 and were signed by:

M Collins - Director

1.	STATUTORY INFORMATION

A Bubble Company Limited 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The accounts have been

prepared on a going concern basis.

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A. Details of

the transition can be found in note 11.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Improvements to leasehold property

-

10% on cost

Plant and machinery

-

33% on cost and 10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

between 20% and 33% on straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial

instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised

at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of

impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are

settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to

another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and

subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is

discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

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

sheet 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.

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 profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2016

93,353

65,259

30,716

Additions

5,000

13,473

16,548

At 31 July 2017

98,353

78,732

47,264

DEPRECIATION

At 1 August 2016

-

57,147

26,732

Charge for year

7,835

5,690

2,136

At 31 July 2017

7,835

62,837

28,868

NET BOOK VALUE

At 31 July 2017

90,518

15,895

18,396

At 31 July 2016

93,353

8,112

3,984

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2016

34,704

16,099

240,131

Additions

53,495

8,685

97,201

At 31 July 2017

88,199

24,784

337,332

DEPRECIATION

At 1 August 2016

24,812

16,099

124,790

Charge for year

15,844

2,895

34,400

At 31 July 2017

40,656

18,994

159,190

NET BOOK VALUE

At 31 July 2017

47,543

5,790

178,142

At 31 July 2016

9,892

-

115,341

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 August 2016

11,920

6,699

18,619

Additions

11,823

53,495

65,318

At 31 July 2017

23,743

60,194

83,937

DEPRECIATION

At 1 August 2016

3,933

3,873

7,806

Charge for year

5,115

14,079

19,194

At 31 July 2017

9,048

17,952

27,000

NET BOOK VALUE

At 31 July 2017

14,695

42,242

56,937

At 31 July 2016

7,987

2,826

10,813

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

399,361

279,618

Other debtors

-

30,930

Prepayments

10,180

3,680

409,541

314,228

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

18,306

8,293

Trade creditors

355,442

420,661

Deposits

54,257

4,208

Tax

35,866

5,600

Social security and other taxes

51,658

35,937

Nest Pension

302

731

VAT

115,477

48,927

Staff loans

7,329

-

Wages control

9,499

274

Directors' current accounts

30,557

105,038

Accrued expenses

57,211

25,189

735,904

654,858

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Hire purchase contracts

31,204

4,470

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £48,000 were paid to the director .

10.	FIRST YEAR ADOPTION

These are the company's first financial statements prepared in accordance with the provisions of Section 1 A

"Small Entities" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United

Kingdom and Republic of Ireland". Previously they were prepared in accordance with previous UK GAAP. The

company has prepared its opening balance sheet at the date of transition to FRS 102, which is 1st August 2015.

The transition to FRS 102 has had no material effect on the balance sheet or on total equity and profit.

Exemptions from full retrospective application

The company's accounting policies presented in note 3 have been applied in preparing the financial statements

for the year ended 31st July 2017, the comparative information and the opening balance sheet as at the date of

transition. Upon transition, the company has applied all the mandatory exceptions from full retrospective

application.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of A Bubble Company Limited for the year ended 31 July 2017 which comprise the Income

Statement, Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A Bubble Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A Bubble Company Limited and state those matters that we have agreed to state to the director of A Bubble Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A Bubble Company Limited and its director for our work or for this report.

It is your duty to ensure that A Bubble Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A Bubble Company Limited. You consider that A Bubble Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A Bubble Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co.

Chartered Accountants

6 Claremont Buildings

Claremont Bank

Shrewsbury

Shropshire

SY1 1RJ

26 April 2018