Bubble Gum Promotions Limited - Limited company accounts 11.9

REGISTERED NUMBER: 07407200 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2015

for

Bubble Gum Promotions Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

R P Hall

SECRETARY:

R P Hall

REGISTERED OFFICE:

c/o Design 4 Print.com uk Ltd

19 Vikings Way

Canvey Island

Essex

SS8 0PB

REGISTERED NUMBER:

07407200 (England and Wales)

ACCOUNTANTS:

J Kennison Accountancy Services

8 Elm View Road

Benfleet

Essex

SS7 8AS

The director presents his report with the financial statements of the company for the year ended 31 October 2015.

DIRECTOR

R P Hall held office during the whole of the period from 1 November 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the

Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R P Hall - Director

18 January 2016

TURNOVER

839,506

1,100,479

Cost of sales

665,504

1,001,308

GROSS PROFIT

174,002

99,171

Distribution costs

7,628

-

Administrative expenses

60,484

14,011

68,112

14,011

105,890

85,160

Other operating income

13,163

-

OPERATING PROFIT

2

119,053

85,160

Interest receivable and similar
income

145

-

119,198

85,160

Interest payable and similar charges

4,305

-

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

114,893

85,160

Tax on profit on ordinary activities

3

24,520

17,072

PROFIT FOR THE FINANCIAL YEAR

90,373

68,088

FIXED ASSETS

Investment property

5

397,500

-

CURRENT ASSETS

Stocks

34,836

42,775

Debtors

6

50,304

42,130

Cash at bank and in hand

90,634

33,753

175,774

118,658

CREDITORS

Amounts falling due within one year

7

172,979

42,248

NET CURRENT ASSETS

2,795

76,410

TOTAL ASSETS LESS CURRENT
LIABILITIES

400,295

76,410

CREDITORS

Amounts falling due after more than
one year

8

243,512

-

NET ASSETS

156,783

76,410

CAPITAL AND RESERVES

Called up share capital

9

1

Profit and loss account

10

156,782

76,409

SHAREHOLDERS' FUNDS

156,783

76,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 18 January 2016 and were signed by:

R P Hall - 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 April 2008).

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in market value is transferred to a revaluation reserve.

Stocks

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

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.15

31.10.14

£

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.10.15

31.10.14

£

Current tax:

UK corporation tax

24,520

17,072

Tax on profit on ordinary activities

24,520

17,072

4.

DIVIDENDS

31.10.15

31.10.14

£

Ordinary share of 1

Final

10,000

5.	INVESTMENT PROPERTY

Total

£

COST

Additions

397,500

At 31 October 2015

397,500

NET BOOK VALUE

At 31 October 2015

397,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.15

31.10.14

£

Trade debtors

48,222

32,272

Other debtors

2,082

9,858

50,304

42,130

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.15

31.10.14

£

Bank loans and overdrafts

9,952

-

Trade creditors

99,766

12,440

Taxation and social security

33,062

20,918

Other creditors

30,199

8,890

172,979

42,248

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.10.15

31.10.14

£

Bank loans

243,512

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

203,704

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1

Ordinary

1

10.

RESERVES

Profit

and loss

account

£

At 1 November 2014

76,409

Profit for the year

90,373

Dividends

(10,000

)

At 31 October 2015

156,782