Bubble Cha Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08253485 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

BUBBLE CHA LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Y Cheng

SECRETARY:

Mrs L Cheng

REGISTERED OFFICE:

52 Stowell Street

Newcastle upon Tyne

NE1 4XQ

REGISTERED NUMBER:

08253485 (England and Wales)

ACCOUNTANTS:

Ribchesters

Chartered Accountants

Finchale House

Belmont Business Park

Durham

DH1 1TW

FIXED ASSETS

Tangible assets

2

35,833

38,436

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

16,224

16,985

Cash at bank and in hand

3,817

2,961

22,041

21,946

CREDITORS

Amounts falling due within one year

51,491

54,543

NET CURRENT LIABILITIES

(29,450

)

(32,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,383

5,839

PROVISIONS FOR LIABILITIES

3,825

1,507

NET ASSETS

2,558

4,332

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

2,556

4,330

SHAREHOLDERS' FUNDS

2,558

4,332

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 24 October 2016 and were signed by:

K Y Cheng - 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 sales of goods from the company's principal activity, 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.

Land and buildings

-

straight line over 10 years

Plant and machinery etc

-

10% on cost

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.

Hire purchase and leasing commitments

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 February 2015

45,512

Additions

2,112

At 31 January 2016

47,624

DEPRECIATION

At 1 February 2015

7,076

Charge for year

4,715

At 31 January 2016

11,791

NET BOOK VALUE

At 31 January 2016

35,833

At 31 January 2015

38,436

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2