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REGISTERED NUMBER: 05973041 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

BUZZARD SHIPPING LIMITED

BUZZARD SHIPPING LIMITED (Registered number: 05973041)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUZZARD SHIPPING LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C Burley





SECRETARY: R J Burley





REGISTERED OFFICE: St Mary’S Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT





REGISTERED NUMBER: 05973041 (England and Wales)





ACCOUNTANTS: Cansdales Business Advisers Limited
St Mary's Court
The Broadway
Old Amersham
Buckinghamshire
HP7 0UT

BUZZARD SHIPPING LIMITED (Registered number: 05973041)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 1,476 3,097
1,476 3,097

CURRENT ASSETS
Debtors 5 422,404 335,204
Cash at bank 231,778 212,522
654,182 547,726
CREDITORS
Amounts falling due within one year 6 (89,078 ) (53,319 )
NET CURRENT ASSETS 565,104 494,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,580

497,504

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 566,480 497,404
SHAREHOLDERS' FUNDS 566,580 497,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 27 December 2024 and were signed by:



C Burley - Director


BUZZARD SHIPPING LIMITED (Registered number: 05973041)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023
and 31 March 2024 20,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

BUZZARD SHIPPING LIMITED (Registered number: 05973041)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 4,174 26,654 30,828
Additions - 1,332 1,332
At 31 March 2024 4,174 27,986 32,160
DEPRECIATION
At 1 April 2023 3,909 23,822 27,731
Charge for year 66 2,887 2,953
At 31 March 2024 3,975 26,709 30,684
NET BOOK VALUE
At 31 March 2024 199 1,277 1,476
At 31 March 2023 265 2,832 3,097

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,799 334,374
Other Debotrs 9,075 -
VAT 1,255 663
Prepayments 275 167
422,404 335,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 25,717 8,893
Corporation tax 58,826 36,668
Social security and other tax 543 514
Other creditors - 128
Net Wages (494 ) -
Directors' current accounts 696 1,806
Accrued expenses 3,790 5,310
89,078 53,319