Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2021 false 1 January 2023 31 December 2023 31 December 2023 11406678 Mr Daniel Fielding Ms Donna Whitbrook Harry Williams Ms Karen Williams iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11406678 2022-12-31 11406678 2023-12-31 11406678 2023-01-01 2023-12-31 11406678 frs-core:CurrentFinancialInstruments 2023-12-31 11406678 frs-core:ShareCapital 2023-12-31 11406678 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11406678 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 11406678 frs-bus:SmallEntities 2023-01-01 2023-12-31 11406678 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11406678 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11406678 frs-bus:Director1 2023-01-01 2023-12-31 11406678 frs-bus:Director2 2023-01-01 2023-12-31 11406678 frs-bus:Director3 2023-01-01 2023-12-31 11406678 frs-bus:Director4 2023-01-01 2023-12-31 11406678 frs-countries:EnglandWales 2023-01-01 2023-12-31 11406678 2020-12-31 11406678 2022-12-31 11406678 2021-01-01 2022-12-31 11406678 frs-core:CurrentFinancialInstruments 2022-12-31 11406678 frs-core:ShareCapital 2022-12-31
Registered number: 11406678
The Buddy Bag Ltd
Financial Statements
For The Year Ended 31 December 2023
Fruition Accountancy Limited
Unit 4 Three Spires House, Station Road
Lichfield
WS13 6HX
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11406678
31 December 2023 31 December 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 9,196 1,037
Cash at bank and in hand 26,750 38,865
35,946 39,902
Creditors: Amounts Falling Due Within One Year 5 (35,846 ) (39,802 )
NET CURRENT ASSETS (LIABILITIES) 100 100
TOTAL ASSETS LESS CURRENT LIABILITIES 100 100
NET ASSETS 100 100
CAPITAL AND RESERVES
Called up share capital 6 100 100
SHAREHOLDERS' FUNDS 100 100
Page 1
Page 2
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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Fielding
Director
26th September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
The Buddy Bag Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11406678 . The registered office is Unit 28 Maybrook Business Park, Minworth, Sutton Coldfield, B76 1AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 438 619
Amounts owed by group undertakings 8,758 418
9,196 1,037
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5. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors - 39
Other creditors 35,846 39,163
Accruals and deferred income - 600
35,846 39,802
6. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the balance sheet date the company was owed £8,758 (2022-£419) and was due £35,846 (2022-£39,163) from The Buddy Bag Foundation who owns 100% of the company
During the year the company made a donation £35,846 (2022-£39,131) to The Buddy Bag Foundation.
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