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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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Bibaloo Ltd |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2019 |
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for |
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Bibaloo Ltd |
Bibaloo Ltd (Registered number: SC337052) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Bibaloo Ltd |
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Company Information |
for the Year Ended 31 January 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Level 7, Tower 12, |
18-22 Bridge Street, |
Spinningfields, |
Manchester |
M3 3BZ |
Bibaloo Ltd (Registered number: SC337052) |
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Balance Sheet |
31 January 2019 |
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31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their 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. |
Bibaloo Ltd (Registered number: SC337052) |
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Balance Sheet - continued |
31 January 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Bibaloo Ltd (Registered number: SC337052) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
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1. | STATUTORY INFORMATION |
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Bibaloo Ltd is a
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and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
Bibaloo Ltd (Registered number: SC337052) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Going concern |
The financial statements have been prepared on the going concern basis. The directors of the company have |
agreed to continue to provide financial support in order for the company to continue trading for the foreseeable |
future. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill | Website | Totals |
£ | £ | £ |
COST |
At 1 February 2018 |
and 31 January 2019 |
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AMORTISATION |
At 1 February 2018 |
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Amortisation for year |
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At 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2018 |
and 31 January 2019 |
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DEPRECIATION |
At 1 February 2018 |
and 31 January 2019 |
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NET BOOK VALUE |
At 31 January 2019 |
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At 31 January 2018 |
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6. | DEBTORS |
31.1.19 | 31.1.18 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
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VAT |
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Prepayments and accrued income |
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Bibaloo Ltd (Registered number: SC337052) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
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6. | DEBTORS - continued |
31.1.19 | 31.1.18 |
£ | £ |
Amounts falling due after more than one year: |
Amount due from related party |
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Aggregate amounts |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Accrued expenses |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Amounts owed to group undertakings |
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9. | CONTINGENT LIABILITIES |
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The company has entered into a cross guarantee with the other group companies such that it will guarantee the |
bank overdraft borrowings of those other group companies should they be unable to meet their liabilities. |
At 31 December 2018 the potential liability was £384,022 (2017: £464,079) |
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10. | RELATED PARTY DISCLOSURES |
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At 31 January 2019 the company was owed £Nil (2018: £26,404) by Boobydoo Limited, a company owned by |
the directors. |
The amount is repayable on demand and interest free. |
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At 31 January 2019 the company was owed £1,500 (2018: £1,500) from Natures Supplements Limited, a |
company in which C Wright is a director. |
The amount is repayable after more than one year and interest free. |
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At 31 January 2019 the company owed the following amounts to companies owned by the directors: |
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Young Ideas Limited £27,666 (2018: £94,454) |
Young Ideas Group Limited £168,724 (2018: £168,724) |
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The amounts are repayable after more than one year and are interest free. |
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At 31 January 2019 the company owed the following amounts to companies owned by the directors: |
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Henmores Lifestyle Limited £Nil (2018: £109,680) |
Little Trekkers Limited £Nil (2018: £3,128) |
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The amounts are repayable on demand and interest free. |