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Company Registration No. SC576724 (Scotland)
Love Buzz Limited Unaudited accounts for the year ended 30 September 2024
Love Buzz Limited Unaudited accounts Contents
Page
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Love Buzz Limited Company Information for the year ended 30 September 2024
Director
Amanda Richards
Company Number
SC576724 (Scotland)
Registered Office
53 Gowan Rigg Forfar DD8 2EE United Kingdom
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Love Buzz Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,390 
16,292 
Current assets
Inventories
27,080 
8,698 
Debtors
4,672 
- 
Cash at bank and in hand
7,624 
3,638 
39,376 
12,336 
Creditors: amounts falling due within one year
(49,670)
(9,605)
Net current (liabilities)/assets
(10,294)
2,731 
Total assets less current liabilities
6,096 
19,023 
Creditors: amounts falling due after more than one year
(5,987)
(10,878)
Net assets
109 
8,145 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9 
8,045 
Shareholders' funds
109 
8,145 
For the year ending 30 September 2024 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 December 2024 and were signed on its behalf by
Amanda Richards Director Company Registration No. SC576724
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Love Buzz Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Love Buzz Limited is a private company, limited by shares, registered in Scotland, registration number SC576724. The registered office is 53 Gowan Rigg, Forfar, DD8 2EE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
19,995 
2,972 
1,414 
24,381 
Additions
- 
3,452 
2,705 
6,157 
At 30 September 2024
19,995 
6,424 
4,119 
30,538 
Depreciation
At 1 October 2023
3,999 
2,815 
1,275 
8,089 
Charge for the year
3,999 
1,020 
1,040 
6,059 
At 30 September 2024
7,998 
3,835 
2,315 
14,148 
Net book value
At 30 September 2024
11,997 
2,589 
1,804 
16,390 
At 30 September 2023
15,996 
157 
139 
16,292 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,672 
- 
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Love Buzz Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
27,189 
- 
VAT
4,912 
3,656 
Obligations under finance leases and hire purchase contracts
4,891 
4,281 
Taxes and social security
2,859 
468 
Other creditors
11,986 
- 
Loans from directors
(3,297)
70 
Accruals
1,130 
1,130 
49,670 
9,605 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,987 
10,878 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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