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REGISTERED NUMBER: 09357777 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BUZZ BEAUTY LIMITED

BUZZ BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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 BEAUTY 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: 09357777 (England and Wales)





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

BUZZ BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 49,451 46,351

CURRENT ASSETS
Stocks 5 89,166 97,075
Debtors 6 42,011 48,537
Cash at bank 14,415 26,272
145,592 171,884
CREDITORS
Amounts falling due within one year 7 (57,435 ) (66,354 )
NET CURRENT ASSETS 88,157 105,530
TOTAL ASSETS LESS CURRENT LIABILITIES 137,608 151,881

CREDITORS
Amounts falling due after more than one
year

8

(122,369

)

(145,314

)
NET ASSETS 15,239 6,567

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 15,139 6,467
SHAREHOLDERS' FUNDS 15,239 6,567

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 BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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 BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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


1. STATUTORY INFORMATION

Buzz Beauty 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.

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

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

BUZZ BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 214,004
Additions 19,584
At 30 April 2024 233,588
DEPRECIATION
At 1 May 2023 167,653
Charge for year 16,484
At 30 April 2024 184,137
NET BOOK VALUE
At 30 April 2024 49,451
At 30 April 2023 46,351

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 89,166 97,075

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 13,602 46,940
Amounts owed by related parties 27,561 -
Other debtors 848 1,597
42,011 48,537

BUZZ BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 22,944 22,944
Trade creditors 4,122 3,123
Amounts owed to related parties - 4,254
Taxation and social security 27,119 32,383
Other creditors 3,250 3,650
57,435 66,354

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 122,369 145,314

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,592 53,537

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 22,944 22,944

Amounts falling due between one and two years:
Bank loans - 1-2 years 22,944 22,944

Amounts falling due between two and five years:
Bank loans - 2-5 years 68,833 68,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 30,592 53,537

BUZZ BEAUTY LIMITED (REGISTERED NUMBER: 09357777)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 145,313 168,258

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

11. 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

12. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of employees. Amounts charged to the profit and loss account were £3,929 (2023: £6,550) for the year. There were outstanding employer contributions of £236 (2023: £265) at the balance sheet date.

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director invoiced the company £92,000 (2023: £192,000) in relation to consultancy services.