BUFFALO INDUSTRIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Company registration number SC717525 (Scotland)
PAGES FOR FILING WITH REGISTRAR
BUFFALO INDUSTRIES LTD
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
862
1,488
Current assets
3,757
8,740
Prepayments and accrued income
59
-
0
Creditors: amounts falling due within one year
(37,109)
(22,567)
Net current liabilities
(33,293)
(13,827)
Total assets less current liabilities
(32,431)
(12,339)
Net liabilities
(32,431)
(12,339)
Capital and reserves
(32,431)
(12,339)
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
-
0
-
0
2
Going concern

At 31 May 2024 the company's liabilities exceeded its assets by £32,431. Included within creditors falling due within one year are loans from the company directors amounting to £30,858. It has been agreed with the directors, that the company will only repay these loans once it has sufficient funds to do so. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3
Related party transactions

Included within 'Other creditors' are loans owed to the company directors of £30,858 (2023 - £21,431). These loans are interest free, with no fixed terms for repayment.

Buffalo Industries Ltd is a private company limited by shares incorporated in Scotland. The registered office is 8 Longbow Place, Kilwinning, Ayrshire, KA13 7ES.

For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

BUFFALO INDUSTRIES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2024
31 May 2024
- 2 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 May 2025 and are signed on its behalf by:
Mr William Campbell
Director
Company registration number SC717525 (Scotland)
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