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REGISTERED NUMBER: 08614205 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BUZZ RETAIL LIMITED

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUZZ RETAIL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr E B Cohen





SECRETARY: Mr Y T Weisfeld





REGISTERED OFFICE: Suite 2, 315 Regents Park Road
Finchley
London
N3 1DP





REGISTERED NUMBER: 08614205 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,304 40,906
Investments 5 133 133
38,437 41,039

CURRENT ASSETS
Stocks 270,255 277,452
Debtors 6 506,874 520,981
Cash at bank 42,210 136,007
819,339 934,440
CREDITORS
Amounts falling due within one year 7 (333,920 ) (427,998 )
NET CURRENT ASSETS 485,419 506,442
TOTAL ASSETS LESS CURRENT LIABILITIES 523,856 547,481

CREDITORS
Amounts falling due after more than one
year

8

(193,679

)

(244,994

)

PROVISIONS FOR LIABILITIES 11 (9,576 ) (7,772 )
NET ASSETS 320,601 294,715

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 320,501 294,615
SHAREHOLDERS' FUNDS 320,601 294,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

BALANCE SHEET - continued
30 APRIL 2024


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 28 January 2025 and were signed by:





Mr E B Cohen - Director


BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Buzz Retail Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Preparation of consolidated financial statements
The financial statements contain information about Buzz Retail Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 132,202 15,162 147,364
Additions 10,166 - 10,166
At 30 April 2024 142,368 15,162 157,530
DEPRECIATION
At 1 May 2023 94,404 12,054 106,458
Charge for year 11,991 777 12,768
At 30 April 2024 106,395 12,831 119,226
NET BOOK VALUE
At 30 April 2024 35,973 2,331 38,304
At 30 April 2023 37,798 3,108 40,906

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 133
NET BOOK VALUE
At 30 April 2024 133
At 30 April 2023 133

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rodeo Drive Beauty Inc
Registered office: USA
Nature of business: Marketing and sales
%
Class of shares: holding
Ordinary 100.00
30.4.24 30.4.23
£    £   
Aggregate capital and reserves 26,346 28,804

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 358,015 418,919
Amounts owed by related parties - 4,254
Other debtors 148,859 97,808
506,874 520,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 51,315 51,315
Trade creditors 43,821 127,859
Amounts owed to related parties 27,561 -
Taxation and social security 207,473 241,205
Other creditors 3,750 7,619
333,920 427,998

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 193,679 244,994

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 36,419 63,735

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 51,315 51,315

Amounts falling due between one and two years:
Bank loans - 1-2 years 51,315 51,315

Amounts falling due between two and five years:
Bank loans - 2-5 years 105,945 129,944

Amounts falling due in more than five years:

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. LOANS - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 36,419 63,735

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 244,994 296,309

The bank loan is secured by a debenture over all assets of the company.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 9,576 7,772

Deferred
tax
£   
Balance at 1 May 2023 7,772
Provided during year 1,804
Balance at 30 April 2024 9,576

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
88 Ordinary A £1 88 88
12 Ordinary B £1 12 12
100 100

13. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees. Amounts charged to the profit and loss account were £27,354 (2023: £24,870) for the year. There were outstanding employer contributions of £2,112 (2023: £2,010) at the balance sheet date.

BUZZ RETAIL LIMITED (REGISTERED NUMBER: 08614205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director invoiced the company £312,000 (2023: £312,000) in relation to consultancy services.