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REGISTERED NUMBER: 11643242 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BILLBUDDY LIMITED

BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BILLBUDDY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr T D C Jackson
Mr N A E Jackson
Mr D P Richards





REGISTERED OFFICE: 16-18 Barnes Wallis Road
Fareham
United Kingdom
PO15 5TT





REGISTERED NUMBER: 11643242 (England and Wales)






BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 962 -
Tangible assets 5 2,074 6,005
3,036 6,005

CURRENT ASSETS
Debtors 6 110,975 110,210
Cash at bank 439,332 470,321
550,307 580,531
CREDITORS
Amounts falling due within one year 7 221,878 184,493
NET CURRENT ASSETS 328,429 396,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,465

402,043

PROVISIONS FOR LIABILITIES 9 518 1,141
NET ASSETS 330,947 400,902

CAPITAL AND RESERVES
Called up share capital 10 8 8
Retained earnings 330,939 400,894
SHAREHOLDERS' FUNDS 330,947 400,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

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.

BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

BALANCE SHEET - continued
31 JANUARY 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr N A E Jackson - Director


BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Billbuddy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Accrued commissions are estimated based on historic customer go-live data.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,050
At 31 January 2023 1,050
AMORTISATION
Charge for year 88
At 31 January 2023 88
NET BOOK VALUE
At 31 January 2023 962

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 11,315
Disposals (1,220 )
At 31 January 2023 10,095
DEPRECIATION
At 1 February 2022 5,310
Charge for year 3,368
Eliminated on disposal (657 )
At 31 January 2023 8,021
NET BOOK VALUE
At 31 January 2023 2,074
At 31 January 2022 6,005

BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 4,202 86,603
Other debtors 106,773 23,607
110,975 110,210

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 1,766 181
Taxation and social security 12,577 159,090
Other creditors 207,535 25,222
221,878 184,493

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.23 31.1.22
£    £   
Within one year 16,615 -
Between one and five years 9,692 -
26,307 -

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 518 1,141

Deferred
tax
£   
Balance at 1 February 2022 1,141
Credit to Income Statement during year (623 )
Balance at 31 January 2023 518

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
400 Ordinary £0.01 4 4
400 Ordinary A £0.01 4 4
8 8

BILLBUDDY LIMITED (REGISTERED NUMBER: 11643242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

11. RELATED PARTY DISCLOSURES

During the year the company was charged rent, interest and other staff costs by connected companies totalling £19,512 (31.1.22: £32,195)

The aggregate amount owed by connected companies at the balance sheet date is £22,262 (owed to 31.1.22: £135).

The aggregate amount owed by directors at the balance sheet date is £24,902 (31.1.22: owed to £10,738).

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.