2022-09-012023-08-312023-08-31false06659388BUZZ.COM LTD2024-08-31iso4217:GBPxbrli:pure066593882022-09-01066593882023-08-31066593882022-09-012023-08-31066593882021-09-01066593882022-08-31066593882021-09-012022-08-3106659388bus:SmallEntities2022-09-012023-08-3106659388bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3106659388bus:FullAccounts2022-09-012023-08-3106659388bus:PrivateLimitedCompanyLtd2022-09-012023-08-3106659388core:WithinOneYear2023-08-3106659388core:AfterOneYear2023-08-3106659388core:WithinOneYear2022-08-3106659388core:AfterOneYear2022-08-3106659388core:ShareCapital2023-08-3106659388core:SharePremium2023-08-3106659388core:RevaluationReserve2023-08-3106659388core:OtherReservesSubtotal2023-08-3106659388core:RetainedEarningsAccumulatedLosses2023-08-3106659388core:ShareCapital2022-08-3106659388core:SharePremium2022-08-3106659388core:RevaluationReserve2022-08-3106659388core:OtherReservesSubtotal2022-08-3106659388core:RetainedEarningsAccumulatedLosses2022-08-3106659388core:LandBuildings2023-08-3106659388core:PlantMachinery2023-08-3106659388core:Vehicles2023-08-3106659388core:FurnitureFittings2023-08-3106659388core:OfficeEquipment2023-08-3106659388core:NetGoodwill2023-08-3106659388core:IntangibleAssetsOtherThanGoodwill2023-08-3106659388core:ListedExchangeTraded2023-08-3106659388core:UnlistedNon-exchangeTraded2023-08-3106659388core:LandBuildings2022-08-3106659388core:PlantMachinery2022-08-3106659388core:Vehicles2022-08-3106659388core:FurnitureFittings2022-08-3106659388core:OfficeEquipment2022-08-3106659388core:NetGoodwill2022-08-3106659388core:IntangibleAssetsOtherThanGoodwill2022-08-3106659388core:ListedExchangeTraded2022-08-3106659388core:UnlistedNon-exchangeTraded2022-08-3106659388core:LandBuildings2022-09-012023-08-3106659388core:PlantMachinery2022-09-012023-08-3106659388core:Vehicles2022-09-012023-08-3106659388core:FurnitureFittings2022-09-012023-08-3106659388core:OfficeEquipment2022-09-012023-08-3106659388core:NetGoodwill2022-09-012023-08-3106659388core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106659388core:ListedExchangeTraded2022-09-012023-08-3106659388core:UnlistedNon-exchangeTraded2022-09-012023-08-3106659388core:MoreThanFiveYears2022-09-012023-08-3106659388core:Non-currentFinancialInstruments2023-08-3106659388core:Non-currentFinancialInstruments2022-08-3106659388dpl:CostSales2022-09-012023-08-3106659388dpl:DistributionCosts2022-09-012023-08-3106659388core:LandBuildings2022-09-012023-08-3106659388core:PlantMachinery2022-09-012023-08-3106659388core:Vehicles2022-09-012023-08-3106659388core:FurnitureFittings2022-09-012023-08-3106659388core:OfficeEquipment2022-09-012023-08-3106659388dpl:AdministrativeExpenses2022-09-012023-08-3106659388core:NetGoodwill2022-09-012023-08-3106659388core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106659388dpl:GroupUndertakings2022-09-012023-08-3106659388dpl:ParticipatingInterests2022-09-012023-08-3106659388dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3106659388core:ListedExchangeTraded2022-09-012023-08-3106659388dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3106659388core:UnlistedNon-exchangeTraded2022-09-012023-08-3106659388dpl:CostSales2021-09-012022-08-3106659388dpl:DistributionCosts2021-09-012022-08-3106659388core:LandBuildings2021-09-012022-08-3106659388core:PlantMachinery2021-09-012022-08-3106659388core:Vehicles2021-09-012022-08-3106659388core:FurnitureFittings2021-09-012022-08-3106659388core:OfficeEquipment2021-09-012022-08-3106659388dpl:AdministrativeExpenses2021-09-012022-08-3106659388core:NetGoodwill2021-09-012022-08-3106659388core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3106659388dpl:GroupUndertakings2021-09-012022-08-3106659388dpl:ParticipatingInterests2021-09-012022-08-3106659388dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3106659388core:ListedExchangeTraded2021-09-012022-08-3106659388dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3106659388core:UnlistedNon-exchangeTraded2021-09-012022-08-3106659388core:NetGoodwill2023-08-3106659388core:IntangibleAssetsOtherThanGoodwill2023-08-3106659388core:LandBuildings2023-08-3106659388core:PlantMachinery2023-08-3106659388core:Vehicles2023-08-3106659388core:FurnitureFittings2023-08-3106659388core:OfficeEquipment2023-08-3106659388core:AfterOneYear2023-08-3106659388core:WithinOneYear2023-08-3106659388core:ListedExchangeTraded2023-08-3106659388core:UnlistedNon-exchangeTraded2023-08-3106659388core:ShareCapital2023-08-3106659388core:SharePremium2023-08-3106659388core:RevaluationReserve2023-08-3106659388core:OtherReservesSubtotal2023-08-3106659388core:RetainedEarningsAccumulatedLosses2023-08-3106659388core:NetGoodwill2022-08-3106659388core:IntangibleAssetsOtherThanGoodwill2022-08-3106659388core:LandBuildings2022-08-3106659388core:PlantMachinery2022-08-3106659388core:Vehicles2022-08-3106659388core:FurnitureFittings2022-08-3106659388core:OfficeEquipment2022-08-3106659388core:AfterOneYear2022-08-3106659388core:WithinOneYear2022-08-3106659388core:ListedExchange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BUZZ.COM LTD

Registered Number
06659388
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

BUZZ.COM LTD
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

MALJI, Shabbirhusen Yakub Valli

Registered Address

4 The Swan Centre
Higher Swan Lane
Bolton
BL3 3AQ

Registered Number

06659388 (England and Wales)
BUZZ.COM LTD
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets324,52332,580
24,52332,580
Current assets
Debtors8,561152,506
Cash at bank and on hand162,273122,827
170,834275,333
Creditors amounts falling due within one year5(97,737)(201,497)
Net current assets (liabilities)73,09773,836
Total assets less current liabilities97,620106,416
Creditors amounts falling due after one year6(48,273)(62,396)
Provisions for liabilities8(4,659)(6,190)
Net assets44,68837,830
Capital and reserves
Called up share capital33
Profit and loss account44,68537,827
Shareholders' funds44,68837,830
The financial statements were approved and authorised for issue by the Director on 31 August 2024, and are signed on its behalf by:
MALJI, Shabbirhusen Yakub Valli
Director
Registered Company No. 06659388
BUZZ.COM LTD
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have 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 of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings15
Vehicles25
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20232022
Average number of employees during the year55
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 September 2241,0887,69548,783
At 31 August 2341,0887,69548,783
Depreciation and impairment
At 01 September 2210,2725,93116,203
Charge for year7,7043538,057
At 31 August 2317,9766,28424,260
Net book value
At 31 August 2323,1121,41124,523
At 31 August 2230,8161,76432,580
4.Stocks
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables65,097111,349
Bank borrowings and overdrafts10,03110,514
Taxation and social security7,911145
Finance lease and HP contracts4,0724,072
Other creditors9,61175,410
Accrued liabilities and deferred income1,0157
Total97,737201,497
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts18,26228,314
Other creditors30,01134,082
Total48,27362,396
7.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts30,01034,082
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)4,6596,190
Total4,6596,190