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Company Registration No. 11845382 (England and Wales)
Buffer London Limited Unaudited accounts for the year ended 31 December 2023
Buffer London Limited Unaudited accounts Contents
Page
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Buffer London Limited Company Information for the year ended 31 December 2023
Director
Joel Matthew Gascoigne
Secretary
Taylor Wessing Secretaries Limited
Company Number
11845382 (England and Wales)
Registered Office
5 New Street Square London EC4A 3TW United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Buffer London Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
231,465 
158,269 
Cash at bank and in hand
28,445 
101,163 
259,910 
259,432 
Creditors: amounts falling due within one year
(50,240)
(83,233)
Net current assets
209,670 
176,199 
Net assets
209,670 
176,199 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
208,670 
175,199 
Shareholders' funds
209,670 
176,199 
For the year ending 31 December 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 28 August 2024 and were signed on its behalf by
Joel Matthew Gascoigne Director Company Registration No. 11845382
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Buffer London Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Buffer London Limited is a private company, limited by shares, registered in England and Wales, registration number 11845382. The registered office is 5 New Street Square, London, EC4A 3TW, 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.
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 rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
3 year straight line
Going concern
The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Buffer London Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
6,735 
At 31 December 2023
6,735 
Depreciation
At 1 January 2023
6,735 
At 31 December 2023
6,735 
Net book value
At 31 December 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
228,364 
155,527 
Accrued income and prepayments
3,101 
2,742 
231,465 
158,269 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
928 
578 
Taxes and social security
33,524 
38,900 
Other creditors
15,788 
43,755 
50,240 
83,233 
7
Transactions with related parties
At 31 December 2023, there was a balance of £228,364 (2022: £155,527) owed to Buffer London Limited by Buffer Inc.
8
Controlling party
The ultimate controlling party of Buffer London Limited is Buffer Inc which owns 100% of the share capital in the company.
9
Average number of employees
During the year the average number of employees was 6 (2022: 7).
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