ACCOUNTS - Final Accounts preparation

BIBI BIJOUX LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-09-302017-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activityfalse2016-09-17 10381864 2016-09-16 10381864 2016-09-17 2017-09-30 10381864 2017-09-30 10381864 c:Director2 2016-09-17 2017-09-30 10381864 c:Director5 2016-09-17 2017-09-30 10381864 d:Goodwill 2016-09-17 2017-09-30 10381864 d:Goodwill 2017-09-30 10381864 d:CurrentFinancialInstruments 2017-09-30 10381864 d:CurrentFinancialInstruments d:WithinOneYear 2017-09-30 10381864 d:ShareCapital 2017-09-30 10381864 d:RetainedEarningsAccumulatedLosses 2017-09-30 10381864 c:FRS102 2016-09-17 2017-09-30 10381864 c:AuditExempt-NoAccountantsReport 2016-09-17 2017-09-30 10381864 c:FullAccounts 2016-09-17 2017-09-30 10381864 c:PrivateLimitedCompanyLtd 2016-09-17 2017-09-30 iso4217:GBP xbrli:pure

Registered number: 10381864

BIBI BIJOUX LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

BIBI BIJOUX LIMITED

REGISTERED NUMBER: 10381864

BALANCE SHEET

AS AT 30 SEPTEMBER 2017

		2017
Note		£

Fixed assets
Intangible assets	4		83,150
Current assets
Debtors: amounts falling due within one year	5	38,895
Cash at bank and in hand	6	12,435
		51,330
Creditors: amounts falling due within one year	7	(103,291)
Net current (liabilities)			(51,961)
Total assets less current liabilities			31,189

Net assets			31,189

Capital and reserves
Called up share capital			10,000
Profit and loss account			21,189
			31,189

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 June 2018.

................................................ Stephen Samuel Sampson	................................................ Jeremy Nigel Curtis
Director	Director

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BIBI BIJOUX LIMITED

REGISTERED NUMBER: 10381864

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2017

The notes on pages 3 to 6 form part of these financial statements.

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BIBI BIJOUX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

1.	General information

The company was incorporated on 17 September 2016 in the UK and its current registered office is 120 Baker Street, London, W1U 6TU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The presentation currency is pounds sterling.

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of Income and Retained Earnings over its useful economic life.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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BIBI BIJOUX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

2.Accounting policies (continued)

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the period was 5.

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BIBI BIJOUX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

4.	Intangible assets

		Goodwill
		£
	Cost
	Additions	92,388
	At 30 September 2017	92,388
	Amortisation
	Charge for the year	9,238
	At 30 September 2017	9,238
	Net book value
	At 30 September 2017	83,150

Debtors

					2017
					£


	Trade debtors	38,895
		38,895

6.	Cash and cash equivalents
		2017
		£

	Cash at bank and in hand	12,435
		12,435

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BIBI BIJOUX LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 SEPTEMBER 2017

7.	Creditors: Amounts falling due within one year
		2017
		£

	Corporation tax	7,470
	Directors' loan accounts	85,044
	Other creditors	10,777
		103,291

8.	Related party transactions
	At the balance sheet date an amount of £38,895 is due from Caramel Jewellery Limited, a company which is wholly owned by Maxine Becker, a director of the company.

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