Buzlen Limited 11761580 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is advertising by use of computer media. Digita Accounts Production Advanced 6.30.9574.0 true true true 11761580 2022-02-01 2023-01-31 11761580 2023-01-31 11761580 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-31 11761580 core:RetainedEarningsAccumulatedLosses 2023-01-31 11761580 core:ShareCapital 2023-01-31 11761580 core:CurrentFinancialInstruments 2023-01-31 11761580 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11761580 core:Non-currentFinancialInstruments 2023-01-31 11761580 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 11761580 core:FurnitureFittingsToolsEquipment 2023-01-31 11761580 bus:SmallEntities 2022-02-01 2023-01-31 11761580 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 11761580 bus:FullAccounts 2022-02-01 2023-01-31 11761580 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11761580 bus:RegisteredOffice 2022-02-01 2023-01-31 11761580 bus:Director1 2022-02-01 2023-01-31 11761580 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-02-01 2023-01-31 11761580 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11761580 core:ComputerEquipment 2022-02-01 2023-01-31 11761580 core:FurnitureFittingsToolsEquipment 2022-02-01 2023-01-31 11761580 1 2022-02-01 2023-01-31 11761580 countries:UnitedKingdom 2022-02-01 2023-01-31 11761580 2022-01-31 11761580 core:FurnitureFittingsToolsEquipment 2022-01-31 11761580 2021-02-01 2022-01-31 11761580 2022-01-31 11761580 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-01-31 11761580 core:RetainedEarningsAccumulatedLosses 2022-01-31 11761580 core:ShareCapital 2022-01-31 11761580 core:CurrentFinancialInstruments 2022-01-31 11761580 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11761580 core:Non-currentFinancialInstruments 2022-01-31 11761580 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 11761580 core:FurnitureFittingsToolsEquipment 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11761580

Buzlen Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Buzlen Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Buzlen Limited

(Registration number: 11761580)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,181

1,574

Current assets

 

Debtors

5

5,653

5,700

Cash at bank and in hand

 

32,769

32,069

 

38,422

37,769

Creditors: Amounts falling due within one year

6

(15,693)

(14,168)

Net current assets

 

22,729

23,601

Total assets less current liabilities

 

23,910

25,175

Creditors: Amounts falling due after more than one year

6

(10,267)

(14,667)

Provisions for liabilities

(338)

(338)

Net assets

 

13,305

10,170

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

13,205

10,070

Shareholders' funds

 

13,305

10,170

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 6 November 2023
 


Ms Marie Claire Lenicker
Director

 

Buzlen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
FAO Quay Accountants
Trafford House
Chester Road
Manchester
M32 0RS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

 

Buzlen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Buzlen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Buzlen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

3,270

3,270

At 31 January 2023

3,270

3,270

Depreciation

At 1 February 2022

1,696

1,696

Charge for the year

393

393

At 31 January 2023

2,089

2,089

Carrying amount

At 31 January 2023

1,181

1,181

At 31 January 2022

1,574

1,574

5

Debtors

Current

2023
£

2022
£

Trade debtors

5,653

5,700

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

4,400

4,400

Trade creditors

 

606

491

Taxation and social security

 

10,310

8,350

Other creditors

 

377

927

 

15,693

14,168

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

10,267

14,667

 

Buzlen Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

10,267

14,667

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,400

4,400

The company took out a Bounce Back Loan during the year. As per the loan terms, The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments. The company does not
have to make any repayments for the first 12 months, the first being in June 2021.

9

Parent and ultimate parent undertaking

There is no controlling party by virtue of the shareholding.