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Registered number: 09139598

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023

Prepared By:
VICTOR STEWART

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
DIRECTORS
MARK KELLY
CHARLOTTE KELLY
REGISTERED OFFICE
29 SPRING ROAD
SHANKLIN
ISLE OF WIGHT
PO37 7AQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09139598
ACCOUNTANTS
VICTOR STEWART

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THEYEARENDED31/07/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SOCIALISING BUDDIES LTD

BALANCE SHEET AT 31/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets336,97743,950
CURRENT ASSETS
Debtors4162,793120,846
Cash at bank and in hand10,134145,237
172,927266,083
CREDITORS: Amounts falling due within one year593,283182,209
NET CURRENT ASSETS79,64483,874
TOTAL ASSETS LESS CURRENT LIABILITIES116,621127,824
CAPITAL AND RESERVES
Called up share capital644
Profit and loss account116,617127,820
SHAREHOLDERS' FUNDS116,621127,824
For the year ending 31/07/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/04/2024 and signed on their behalf by
.............................
MARK KELLY
Director

SOCIALISING BUDDIES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 15%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 20%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees2020

SOCIALISING BUDDIES LTD

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/08/202235,58128,9951,9684,46071,004
Additions---1,3111,311
At 31/07/202335,58128,9951,9685,77172,315
Depreciation
At 01/08/202210,10014,6421,54676627,054
For the year5,0252,1531051,0018,284
At 31/07/202315,12516,7951,6511,76735,338
Net Book Amounts
At 31/07/202320,45612,2003174,00436,977
At 31/07/202225,48114,3534223,69443,950
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors14,89140,917
PAYE control1,820-
Other debtors500630
Prepayments5,708-
Directors current account-14,891
22,91956,438
Amounts falling due over more than one year
Long term debtor139,87464,408
139,87464,408
162,793120,846

SOCIALISING BUDDIES LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax6,07913,482
PAYE control-590
Directors current account3,061-
Credit card338-
Trade creditors601436
Pension schemes81,044165,541
Accruals2,1602,160
93,283182,209
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Class 1 shares of £1 each22
1 Class 2 shares of £1 each11
1 Class 3 shares of £1 each11
44