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Company registration number: 10227305
(England and Wales)
Buddies + Limited
Unaudited filleted financial statements
for the period ended
18 March 2024
Buddies + Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Buddies + Limited
Directors and other information
Directors A Randall
D Randall
Company number 10227305
Registered office 4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
Accountants Griffin Chapman
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
Buddies + Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Buddies + Limited
Period ended 18 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buddies + Limited for the period ended 18 March 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Buddies + Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Buddies + Limited and state those matters that we have agreed to state to the board of directors of Buddies + Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buddies + Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Buddies + Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Buddies + Limited. You consider that Buddies + Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Buddies + Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Griffin Chapman
Chartered Accountants
4 & 5 The Cedars, Apex 12
Old Ipswich Road
Colchester
Essex
CO7 7QR
17 September 2024
Buddies + Limited
Statement of financial position
18 March 2024
18/03/24 31/12/22
£ £ £ £
Fixed assets - 5,169
_______ _______
Current assets 23,099 13,213
Prepayments and accrued income 13,856 495
_______ _______
36,955 13,708
Creditors: amounts falling due within one year ( 252,856) ( 240,550)
_______ _______
Net current liabilities ( 215,901) ( 226,842)
_______ _______
Total assets less current liabilities ( 215,901) ( 221,673)
Accruals and deferred income ( 11,864) ( 2,001)
_______ _______
Net liabilities ( 227,765) ( 223,674)
_______ _______
Capital and reserves ( 227,765) ( 223,674)
_______ _______
Notes to the financial statements
Buddies + Limited
Period ended 18 March 2024
1. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2022: 2 ).
2. Asset purchase agreement
Buddies + Limited has agreed to sell the business (including the assets) as a going concern on 18 March 2024.
3. Going concern
Working capital was supported by the parent company and did not make withdrawals to the detriment of the other creditors. On 18 March 2024 the trade, associated goodwill and assets were sold, after which the directors intend to liquidate the company. The accounts are therefore not prepared on a going concern basis. Any assets have been written down to their recoverable amount and additional liabilities recognised as a result of the change of basis.
For the period ending 18 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 15 September 2024 , and are signed on behalf of the board by:
A Randall D Randall
Director Director
Company registration number: 10227305
The company is a private company limited by shares, registered in England and Wales.