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Company registration number: SC142581
Bud Limited
Unaudited filleted financial statements
28 February 2024
Bud Limited
Contents
Accountants report
Statement of financial position and notes to the financial statements
Bud Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Bud Limited
Year ended 28th February 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 Bud Limited for the year ended 28th February 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 ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Bud 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 Bud Limited and state those matters that we have agreed to state to the board of directors of Bud Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bud Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Bud 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 Bud Limited. You consider that Bud Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Bud 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.
Carson & Trotter
Chartered Accountants
123 Irish Street
Dumfries
DG1 2PE
2nd October 2024
Bud Limited
Statement of financial position
28th February 2024
2024 2023
£ £
Fixed assets 70,501 167,551
_______ _______
Current assets 11,773 -
Creditors: amounts falling due within one year ( 80,278) ( 62,100)
_______ _______
Net current liabilities ( 68,505) ( 62,100)
_______ _______
Total assets less current liabilities 1,996 105,451
Creditors: amounts falling due after more than one year - ( 59,686)
_______ _______
Net assets 1,996 45,765
_______ _______
Capital and reserves 1,996 45,765
_______ _______
Bud Limited
Year ended 28th February 2024
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
For the year ending 28 February 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 year 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 02 October 2024 , and are signed on behalf of the board by:
D Hill
Director
Company registration number: SC142581
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 4 Buccleuch Street, Dumfries, DG1 2AH.