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Unaudited Financial Statements for the Year Ended 31 December 2023

for

Butonia Limited

Butonia Limited (Registered number: 08976865)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Butonia Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: GJ Boeschoten





REGISTERED OFFICE: 9 Urban Hive
Theydon Road
Clapton
London
E5 9BQ





REGISTERED NUMBER: 08976865 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Butonia Limited (Registered number: 08976865)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2 2
Tangible assets 5 6,697 8,322
6,699 8,324

CURRENT ASSETS
Stocks 308,022 314,178
Debtors 6 260,031 175,758
Cash at bank 422,750 302,828
990,803 792,764
CREDITORS
Amounts falling due within one year 7 430,407 359,188
NET CURRENT ASSETS 560,396 433,576
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,095

441,900

PROVISIONS FOR LIABILITIES 8 981 944
NET ASSETS 566,114 440,956

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 566,113 440,955
SHAREHOLDERS' FUNDS 566,114 440,956

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

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

The director acknowledges his 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.

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 by the director and authorised for issue on 11 April 2024 and were signed by:





GJ Boeschoten - Director


Butonia Limited (Registered number: 08976865)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Butonia 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.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to wrote off each asset over its estimated useful life.
Intangible fixed assets- 20% on a straight line basis.

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 - 25% on reducing balance, 20% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised as their settlement amount after allowing for any trade discounts due.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Butonia Limited (Registered number: 08976865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

5. TANGIBLE FIXED ASSETS
Fixtures Office &
Plant and and sundry
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 14,036 1 18,523 32,560
Additions - - 608 608
At 31 December 2023 14,036 1 19,131 33,168
DEPRECIATION
At 1 January 2023 9,821 - 14,417 24,238
Charge for year 1,054 - 1,179 2,233
At 31 December 2023 10,875 - 15,596 26,471
NET BOOK VALUE
At 31 December 2023 3,161 1 3,535 6,697
At 31 December 2022 4,215 1 4,106 8,322

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 233,063 152,454
Other debtors 12,083 11,999
Prepayments 14,885 11,305
260,031 175,758

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts due to group companies 161,000 184,000
Trade creditors 149,167 73,532
Tax 40,017 39,410
VAT 67,507 48,674
Other creditors 12,716 13,572
430,407 359,188

Butonia Limited (Registered number: 08976865)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 981 944

Deferred
tax
£   
Balance at 1 January 2023 944
Provided during year 37
Deferred tax
Balance at 31 December 2023 981

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

Adot BV is the company's parent company, which is incorporated in the Netherlands and it's ultimate parent company is Katsjo BV, also a company incorporated in the Netherlands. The ultimate controller is Mr GJ Boeschoten, as a result of his shareholding in Katsjo BV.