Buffalo Interiors Ltd 14660919 false 2023-02-14 2024-03-31 2024-03-31 The principal activity of the company is Retail of furniture and lighting Digita Accounts Production Advanced 6.30.9574.0 true true 14660919 2023-02-14 2024-03-31 14660919 2024-03-31 14660919 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-03-31 14660919 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14660919 bus:SmallEntities 2023-02-14 2024-03-31 14660919 bus:AuditExemptWithAccountantsReport 2023-02-14 2024-03-31 14660919 bus:FilletedAccounts 2023-02-14 2024-03-31 14660919 bus:SmallCompaniesRegimeForAccounts 2023-02-14 2024-03-31 14660919 bus:RegisteredOffice 2023-02-14 2024-03-31 14660919 bus:Director1 2023-02-14 2024-03-31 14660919 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-14 2024-03-31 14660919 bus:PrivateLimitedCompanyLtd 2023-02-14 2024-03-31 14660919 countries:EnglandWales 2023-02-14 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14660919

Buffalo Interiors Ltd

Unaudited Filleted Abridged Financial Statements

for the Period from 14 February 2023 to 31 March 2024

 

Buffalo Interiors Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Buffalo Interiors Ltd

Company Information

Director

Mr John Roberts

Registered office

Unit 1b Hillthorpe Farm Knoll Lane
Preston
Lancashire
PR4 4TB

Accountants

Brown and Lonsdale Limited
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

Buffalo Interiors Ltd

(Registration number: 14660919)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Cash at bank and in hand

 

2,723

Creditors: Amounts falling due within one year

(1,691)

Total assets less current liabilities

 

1,032

Accruals and deferred income

 

(550)

Net assets

 

482

Capital and reserves

 

Called up share capital

4

100

Retained earnings

382

Shareholders' funds

 

482

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 September 2024
 

.........................................
Mr John Roberts
Director

 

Buffalo Interiors Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1b Hillthorpe Farm Knoll Lane
Preston
Lancashire
PR4 4TB
England and Wales

These financial statements were authorised for issue by the director on 20 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Buffalo Interiors Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2023 to 31 March 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Share capital

Allotted, called up and fully paid shares

 

Buffalo Interiors Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 14 February 2023 to 31 March 2024

2024

No.

£

Ordinary Share Capital of £1 each

100

100