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Company Registration No. 12015351 (England and Wales)
Budget Removals London LTD Unaudited accounts for the year ended 31 May 2023
Budget Removals London LTD Unaudited accounts Contents
Page
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Budget Removals London LTD Company Information for the year ended 31 May 2023
Director
Mr Robert Michalczyk
Company Number
12015351 (England and Wales)
Registered Office
4 Arundel Drive Borehamwood Hertfordshire WD6 2NJ United Kingdom
Accountants
Wioletta Gnys 4 Arundel Drive Borehamwood London WD6 2NJ
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Budget Removals London LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,370 
19,160 
Current assets
Cash at bank and in hand
3,886 
2,580 
Creditors: amounts falling due within one year
(4,260)
(3,394)
Net current liabilities
(374)
(814)
Total assets less current liabilities
13,996 
18,346 
Creditors: amounts falling due after more than one year
(17,156)
(19,999)
Net liabilities
(3,160)
(1,653)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(3,161)
(1,654)
Shareholders' funds
(3,160)
(1,653)
For the year ending 31 May 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 22 February 2024 and were signed on its behalf by
Mr Robert Michalczyk Director Company Registration No. 12015351
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Budget Removals London LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Budget Removals London LTD is a private company, limited by shares, registered in England and Wales, registration number 12015351. The registered office is 4 Arundel Drive, Borehamwood, Hertfordshire, WD6 2NJ, 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:
Motor vehicles
BX67 BVZ 25%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2022
19,160 
At 31 May 2023
19,160 
Depreciation
Charge for the year
4,790 
At 31 May 2023
4,790 
Net book value
At 31 May 2023
14,370 
At 31 May 2022
19,160 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
4,109 
3,394 
Taxes and social security
151 
- 
4,260 
3,394 
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Budget Removals London LTD Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,156 
19,999 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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