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REGISTERED NUMBER: SC711332 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Bad Buunda Ltd

Bad Buunda Ltd (Registered number: SC711332)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bad Buunda Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Dr. D S K Kalsi





REGISTERED OFFICE: Cornerstone House Station Road Selkirk
Scotland
TD7 5DJ





REGISTERED NUMBER: SC711332 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Bad Buunda Ltd (Registered number: SC711332)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,927 61,506

CURRENT ASSETS
Stocks - 77,960
Debtors 5 67,728 -
Cash at bank 39,305 441
107,033 78,401
CREDITORS
Amounts falling due within one year 6 144,812 88,638
NET CURRENT LIABILITIES (37,779 ) (10,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,148

51,269

PROVISIONS FOR LIABILITIES 7 12,732 -
NET ASSETS 416 51,269

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 316 51,169
SHAREHOLDERS' FUNDS 416 51,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Bad Buunda Ltd (Registered number: SC711332)

Balance Sheet - continued
31 October 2023


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 21 August 2024 and were signed by:





Dr. D S K Kalsi - Director


Bad Buunda Ltd (Registered number: SC711332)

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

1. STATUTORY INFORMATION

Bad Buunda Ltd is a private company, limited by shares , registered in Scotland. 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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Bad Buunda Ltd (Registered number: SC711332)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 - 59,290 4,195 63,485
Additions 6,000 - 2,000 8,000
At 31 October 2023 6,000 59,290 6,195 71,485
DEPRECIATION
At 1 November 2022 - 1,235 744 1,979
Charge for year 2,000 14,514 2,065 18,579
At 31 October 2023 2,000 15,749 2,809 20,558
NET BOOK VALUE
At 31 October 2023 4,000 43,541 3,386 50,927
At 31 October 2022 - 58,055 3,451 61,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Directors' current accounts 67,728 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed to group undertakings 105,851 8,163
Tax 34,923 17,486
Other creditors (1 ) 59,191
Credit card 1,989 2,617
Directors' current accounts - 197
Accrued expenses 2,050 984
144,812 88,638

7. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 12,732 -

Deferred
tax
£   
Provided during year 12,732
Balance at 31 October 2023 12,732

Bad Buunda Ltd (Registered number: SC711332)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary shares 1.00 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

31.10.23 31.10.22
£    £   
Dr. D S K Kalsi
Balance outstanding at start of year - -
Amounts advanced 248,130 -
Amounts repaid (182,054 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,076 -

The directors loan account balance was repaid shortly after the yearend. Interest has been charged at the average rate of 2.25% per annum.