Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3102022-01-01Wholesale of other office machinery and equipmenttruefalse0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11166333 2022-01-01 2022-12-31 11166333 2021-01-01 2021-12-31 11166333 2022-12-31 11166333 2021-12-31 11166333 c:Director1 2022-01-01 2022-12-31 11166333 c:Director2 2022-01-01 2022-12-31 11166333 c:RegisteredOffice 2022-01-01 2022-12-31 11166333 d:CurrentFinancialInstruments 2022-12-31 11166333 d:CurrentFinancialInstruments 2021-12-31 11166333 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11166333 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 11166333 d:ShareCapital 2022-12-31 11166333 d:ShareCapital 2021-12-31 11166333 d:RetainedEarningsAccumulatedLosses 2022-12-31 11166333 d:RetainedEarningsAccumulatedLosses 2021-12-31 11166333 c:EntityNoLongerTradingButTradedInPast 2022-01-01 2022-12-31 11166333 c:FRS102 2022-01-01 2022-12-31 11166333 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 11166333 c:FullAccounts 2022-01-01 2022-12-31 11166333 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure
Company registration number: 11166333







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2022


DESKBUZZ LIMITED






































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DESKBUZZ LIMITED
 


 
COMPANY INFORMATION


Directors
Simon Moate 
Alan Wilson 




Registered number
11166333



Registered office
14 Fleming Close
Park Farm Industrial Estate

Wellingborough

Northamptonshire

NN8 6UF




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


DESKBUZZ LIMITED
 



CONTENTS



Page
Statement of financial position
1
Notes to the financial statements
2 - 3


 


DESKBUZZ LIMITED
REGISTERED NUMBER:11166333



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
1,400

Cash at bank and in hand
  
3,330
3,330

  
3,330
4,730

Creditors: amounts falling due within one year
 5 
(7,565)
(18,137)

Net current liabilities
  
 
 
(4,235)
 
 
(13,407)

Total assets less current liabilities
  
(4,235)
(13,407)

  

Net liabilities
  
(4,235)
(13,407)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(4,236)
(13,408)

  
(4,235)
(13,407)


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 year in question in accordance with section 476 of the 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 comprehensive income 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 by:




................................................
Alan Wilson
Director

Date: 14 November 2023

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


DESKBUZZ LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Deskbuzz Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page. The nature of the company's operations and its principal activities is that of sales of office furniture.

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 following principal accounting policies have been applied:

 
2.2

Going concern

Following the difficult years of the COVID outbreak, plans put in place at that time are now delivering in terms of sales, and profitability, UK business is recovering well, existing markets outside of the UK are growing and there has been successful expansion into new overseas markets.
The Directors have been in discussions with the Investors and Loan providers to the business in order to secure ongoing, and where required, additional support.
The Group has secured new and additional facilities that could be drawn down to assist the Group’s cash flow
as and when required. The Group has also negotiated for the suspension of its payment of interest and preference share interest with its Investor post 30 September 2022.
On the basis of the continued support from their principal funders being provided the Directors have adopted the going concern basis of accounting in preparing the financial statements. The financial statements do not include any adjustments that would result if the Company was unable to continue as a going concern.

 
2.3

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.

Page 2

 


DESKBUZZ LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

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, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).


4.


Debtors

2022
2021
£
£


Trade debtors
-
1,400

-
1,400



5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
-
228

Amounts owed to group undertakings
7,565
14,909

Accruals and deferred income
-
3,000

7,565
18,137



6.


Controlling party

The parent of the smallest group for which consolidated financial statements are drawn up is SAMPS Group Limited, a company registered in England and Wales. The registered office of SAMPS Group Limited is 14 Fleming Close, Park Farm Industrial Estate, Wellingborough, Northamptonshire, NN8 6UF

 
Page 3