Bullbuoys Limited 13848674 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is activities of investment trusts Digita Accounts Production Advanced 6.30.9574.0 true true 13848674 2023-02-01 2024-01-31 13848674 2024-01-31 13848674 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13848674 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13848674 bus:SmallEntities 2023-02-01 2024-01-31 13848674 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13848674 bus:AbridgedAccounts 2023-02-01 2024-01-31 13848674 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13848674 bus:RegisteredOffice 2023-02-01 2024-01-31 13848674 bus:Director1 2023-02-01 2024-01-31 13848674 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13848674 countries:EnglandWales 2023-02-01 2024-01-31 13848674 2022-01-14 2023-01-31 13848674 2023-01-31 13848674 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13848674 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 13848674

Bullbuoys Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 January 2024

 

Bullbuoys Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Bullbuoys Limited

Company Information

Director

S Hunt

Registered office

10 Cheyne Walk
Northamptonshire
England
NN1 5PT

Accountants

10. Chartered Accountants
10 Cheyne Walk
Northampton
Northamptonshire
NN1 5PT

 

Bullbuoys Limited

(Registration number: 13848674)
Abridged Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Other financial assets

4,529,573

3,216,239

Current assets

 

Cash at bank and in hand

 

865

1,000

Creditors: Amounts falling due within one year

(1,913)

-

Net current (liabilities)/assets

 

(1,048)

1,000

Total assets less current liabilities

 

4,528,525

3,217,239

Creditors: Amounts falling due after more than one year

(4,079,032)

(3,079,232)

Accruals and deferred income

 

(113,543)

(41,478)

Net assets

 

335,950

96,529

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

334,950

95,529

Shareholders' funds

 

335,950

96,529

 

Bullbuoys Limited

(Registration number: 13848674)
Abridged Balance Sheet as at 31 January 2024

For the financial year ending 31 January 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 year 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 and the option to not file the profit and loss account has been taken.

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

Approved and authorised by the director on 18 October 2024
 

.........................................
S Hunt
Director

 

Bullbuoys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 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:
10 Cheyne Walk
Northamptonshire
England
NN1 5PT
England

These financial statements were authorised for issue by the director on 18 October 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.

Judgements

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

 

Bullbuoys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

Finance income and costs policy

Interest income is recognised in the profit and loss account using the effective interest method.

All other investment income is recognised on the profit and loss account when incurred.

Tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balancesheet date.

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.

Investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

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.

 

Bullbuoys Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 January 2024

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.

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.

Financial instruments

Classification
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).