Company Registration No. 09538901 (England and Wales)
Business Buddies Ltd
Unaudited accounts
for the year ended 31 March 2023
Business Buddies Ltd
Unaudited accounts
Contents
Business Buddies Ltd
Company Information
for the year ended 31 March 2023
Directors
Sarah Lonnon
Lindsey Spurway
Company Number
09538901 (England and Wales)
Registered Office
Devonshire House
Wade Road
Basingstoke
RG24 8PE
United Kingdom
Accountants
Woods Russell Limited
First Floor Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
RG24 8NG
Business Buddies Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
2,323
2,106
Cash at bank and in hand
34,667
17,601
Creditors: amounts falling due within one year
(24,125)
(15,545)
Net current assets
39,084
31,811
Total assets less current liabilities
41,407
33,917
Creditors: amounts falling due after more than one year
(41,138)
(13,447)
Called up share capital
10
10
Profit and loss account
259
20,460
Shareholders' funds
269
20,470
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by
Lindsey Spurway
Director
Company Registration No. 09538901
Business Buddies Ltd
Notes to the Accounts
for the year ended 31 March 2023
Business Buddies Ltd is a private company, limited by shares, registered in England and Wales, registration number 09538901. The registered office is Devonshire House, Wade Road, Basingstoke, RG24 8PE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 year straight line
Computer equipment
3 year straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
-
2,295
2,295
At 31 March 2023
927
4,267
5,194
Charge for the year
308
2,374
2,682
At 31 March 2023
308
2,563
2,871
At 31 March 2023
619
1,704
2,323
At 31 March 2022
-
2,106
2,106
Business Buddies Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Other debtors
19,642
23,629
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,120
-
Taxes and social security
12,703
5,379
Loans from directors
1,562
5,900
7
Creditors: amounts falling due after more than one year
2023
2022
Creditors include £49,258 (2022: £13,447) of loans due between 1-5 years. These are secured over the assets of the business.
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).