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REGISTERED NUMBER: 04135935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Buzz Around Ltd

Buzz Around Ltd (Registered number: 04135935)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buzz Around Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTOR: D M Cox





SECRETARY: D M Cox





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 04135935 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Buzz Around Ltd (Registered number: 04135935)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,019 420,379
Investment property 5 350,000 340,000
383,019 760,379

CURRENT ASSETS
Stocks - 32,727
Debtors 6 40,840 214,821
Cash at bank and in hand 882,519 379,885
923,359 627,433
CREDITORS
Amounts falling due within one year 7 40,883 113,654
NET CURRENT ASSETS 882,476 513,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,495

1,274,158

CREDITORS
Amounts falling due after more than one
year

8

(30,721

)

-

PROVISIONS FOR LIABILITIES (24,529 ) (20,910 )
NET ASSETS 1,210,245 1,253,248

CAPITAL AND RESERVES
Called up share capital 49 49
Retained earnings 1,210,196 1,253,199
SHAREHOLDERS' FUNDS 1,210,245 1,253,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Around Ltd (Registered number: 04135935)

Balance Sheet - continued
31 January 2025


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 10 June 2025 and were signed by:





D M Cox - Director


Buzz Around Ltd (Registered number: 04135935)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Buzz Around Ltd 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 as modified by the revaluation of certain assets.

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.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Buzz Around Ltd (Registered number: 04135935)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 313,355 269,372 582,727
Additions - 44,349 44,349
Disposals (378,646 ) (204,081 ) (582,727 )
Reclassification/transfer 65,291 (65,291 ) -
At 31 January 2025 - 44,349 44,349
DEPRECIATION
At 1 February 2024 - 162,348 162,348
Charge for year - 11,330 11,330
Eliminated on disposal - (162,348 ) (162,348 )
At 31 January 2025 - 11,330 11,330
NET BOOK VALUE
At 31 January 2025 - 33,019 33,019
At 31 January 2024 313,355 107,024 420,379

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 340,000
Revaluations 10,000
At 31 January 2025 350,000
NET BOOK VALUE
At 31 January 2025 350,000
At 31 January 2024 340,000

Buzz Around Ltd (Registered number: 04135935)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2019 26,385
Valuation in 2022 20,000
Valuation in 2025 10,000
Cost 293,615
350,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 293,615 293,615

The investment property was valued on a fair value basis on 31 January 2025 by the director Mr D Cox .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 161,372
Other debtors 40,840 53,449
40,840 214,821

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 274 -
Trade creditors 120 93,062
Taxation and social security 30,298 4,085
Other creditors 10,191 16,507
40,883 113,654

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 30,721 -