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Company Registration No. 10621841 (England and Wales)
BUFFALO (CLACKTON) LIMITED Unaudited accounts for the year ended 28 February 2023
BUFFALO (CLACKTON) LIMITED Unaudited accounts Contents
Page
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BUFFALO (CLACKTON) LIMITED Company Information for the year ended 28 February 2023
Director
Gyurkan Ali
Company Number
10621841 (England and Wales)
Registered Office
40 WILLOUGHBY ROAD LONDON N8 0JG UNITED KINGDOM
Accountants
Tatar Brothers & Co Accountants 40 Willoughby Road Hornsey London N8 0JG
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BUFFALO (CLACKTON) LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,230 
20,212 
Current assets
Inventories
1,319 
913 
Debtors
4,000 
8,500 
Cash at bank and in hand
9,978 
25,809 
15,297 
35,222 
Creditors: amounts falling due within one year
(132,509)
(101,549)
Net current liabilities
(117,212)
(66,327)
Net liabilities
(98,982)
(46,115)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(98,983)
(46,116)
Shareholders' funds
(98,982)
(46,115)
For the year ending 28 February 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 director acknowledges his 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 and authorised for issue on 10 November 2023 and were signed on its behalf by
Gyurkan Ali Director Company Registration No. 10621841
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BUFFALO (CLACKTON) LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
BUFFALO (CLACKTON) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10621841. The registered office is 40 WILLOUGHBY ROAD, LONDON, N8 0JG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15% reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
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BUFFALO (CLACKTON) LIMITED Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
7,000 
28,897 
35,897 
At 28 February 2023
7,000 
28,897 
35,897 
Depreciation
At 1 March 2022
- 
15,685 
15,685 
Charge for the year
- 
1,982 
1,982 
At 28 February 2023
- 
17,667 
17,667 
Net book value
At 28 February 2023
7,000 
11,230 
18,230 
At 28 February 2022
7,000 
13,212 
20,212 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
4,500 
Other debtors
4,000 
4,000 
4,000 
8,500 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
678 
722 
Loans from directors
130,331 
99,327 
Accruals
1,500 
1,500 
132,509 
101,549 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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