IRIS Accounts Production v25.1.3.33 07574698 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false Ordinary 0.10000 Deferred 0.10000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075746982023-06-30075746982024-06-30075746982023-07-012024-06-30075746982022-06-30075746982022-07-012023-06-30075746982023-06-3007574698ns15:EnglandWales2023-07-012024-06-3007574698ns14:PoundSterling2023-07-012024-06-3007574698ns10:Director12023-07-012024-06-3007574698ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3007574698ns10:SmallEntities2023-07-012024-06-3007574698ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3007574698ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3007574698ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3007574698ns10:FullAccounts2023-07-012024-06-300757469812023-07-012024-06-3007574698ns10:OrdinaryShareClass12023-07-012024-06-3007574698ns10:OrdinaryShareClass22023-07-012024-06-3007574698ns10:Director22023-07-012024-06-3007574698ns10:CompanySecretary12023-07-012024-06-3007574698ns10:RegisteredOffice2023-07-012024-06-3007574698ns5:CurrentFinancialInstruments2024-06-3007574698ns5:CurrentFinancialInstruments2023-06-3007574698ns5:Non-currentFinancialInstruments2024-06-3007574698ns5:Non-currentFinancialInstruments2023-06-3007574698ns5:ShareCapital2024-06-3007574698ns5:ShareCapital2023-06-3007574698ns5:SharePremium2024-06-3007574698ns5:SharePremium2023-06-3007574698ns5:RetainedEarningsAccumulatedLosses2024-06-3007574698ns5:RetainedEarningsAccumulatedLosses2023-06-3007574698ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3007574698ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-07-012024-06-3007574698ns5:IntangibleAssetsOtherThanGoodwill2023-06-3007574698ns5:IntangibleAssetsOtherThanGoodwill2024-06-3007574698ns5:IntangibleAssetsOtherThanGoodwill2023-06-3007574698ns5:PlantMachinery2023-06-3007574698ns5:PlantMachinery2023-07-012024-06-3007574698ns5:PlantMachinery2024-06-3007574698ns5:PlantMachinery2023-06-3007574698ns5:CostValuation2023-06-3007574698ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3007574698ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3007574698ns5:CurrentFinancialInstruments2023-07-012024-06-3007574698ns5:Non-currentFinancialInstruments2023-07-012024-06-3007574698ns10:OrdinaryShareClass12024-06-3007574698ns10:OrdinaryShareClass22024-06-30075746981ns10:Director12023-06-30075746981ns10:Director12022-06-30075746981ns10:Director12023-07-012024-06-30075746981ns10:Director12022-07-012023-06-30075746981ns10:Director12024-06-30075746981ns10:Director12023-06-30
REGISTERED NUMBER: 07574698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

BUYAPOWA LIMITED

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUYAPOWA LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: G Lask
C S Glavanis





SECRETARY: G Lask





REGISTERED OFFICE: Unit F
Bell Yard Mews
London
SE1 3TN





REGISTERED NUMBER: 07574698 (England and Wales)





ACCOUNTANTS: Durrants, Chartered Accountants
24 Wellington Business Park
Dukes Ride
Crowthorne
Berkshire
RG45 6LS

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

BALANCE SHEET
30 June 2024

30/6/24 30/6/23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,017,464 1,058,341
Tangible assets 5 12,932 29,706
Investments 6 6 6
1,030,402 1,088,053

CURRENT ASSETS
Debtors 7 2,498,661 1,855,261
Cash at bank and in hand 202,638 237,786
2,701,299 2,093,047
CREDITORS
Amounts falling due within one year 8 4,242,794 3,501,122
NET CURRENT LIABILITIES (1,541,495 ) (1,408,075 )
TOTAL ASSETS LESS CURRENT LIABILITIES (511,093 ) (320,022 )

CREDITORS
Amounts falling due after more than one year 9 1,921,917 1,458,889
NET LIABILITIES (2,433,010 ) (1,778,911 )

CAPITAL AND RESERVES
Called up share capital 10 14,995 14,995
Share premium 8,851,899 8,851,899
Retained earnings (11,299,904 ) (10,645,805 )
SHAREHOLDERS' FUNDS (2,433,010 ) (1,778,911 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

BALANCE SHEET - continued
30 June 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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





G Lask - Director


BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Buyapowa 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 represents revenue earned under a variety of contracts to provide services.

Revenue is recognised on a monthly basis over the life of a contract. To the extent that revenue is not earned within an accounting period it is recorded in the balance sheet within creditors as deferred income and released to the profit and loss account in the period to which it relates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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.

Research and development
Expenditure on research and development is capitalised as an intangible asset.

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.

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 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.

Going concern
The company meets its day to day working capital requirements through obtaining short and medium term funding.

The nature of the company's business is such that there can be considerable unpredictable variation in the timing of cash inflows. The directors have considered projected cash flow information for a period more than one year from the date of their approval of these financial statements. On the basis of this cash flow information and with reference to the present short and medium term funding already obtained the directors consider that the company will require no additional facilities to meet its day to day obligations.

The financial statements do not include any adjustments that would result from a lack of working capital.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 3,644,087
Additions 302,797
At 30 June 2024 3,946,884
AMORTISATION
At 1 July 2023 2,585,746
Charge for year 343,674
At 30 June 2024 2,929,420
NET BOOK VALUE
At 30 June 2024 1,017,464
At 30 June 2023 1,058,341

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 130,953
Additions 1,826
At 30 June 2024 132,779
DEPRECIATION
At 1 July 2023 101,247
Charge for year 18,600
At 30 June 2024 119,847
NET BOOK VALUE
At 30 June 2024 12,932
At 30 June 2023 29,706

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 6
NET BOOK VALUE
At 30 June 2024 6
At 30 June 2023 6

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 1,362,503 737,212
Amounts owed by group undertakings 108,759 317,689
Other debtors 1,027,399 800,360
2,498,661 1,855,261

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade creditors 42,378 113,115
Taxation and social security 194,670 282,065
Other creditors 4,005,746 3,105,942
4,242,794 3,501,122

Other creditors includes £385,054 relating to secured loans which are described in note 11.

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/24 30/6/23
£    £   
Other creditors 1,921,917 1,458,889

Other creditors in note 10 and note 11 includes secured loans totalling £1,756,971 and unsecured loans totalling £550,000. These are detailed below:

SaaS Capital loan facility holds a fixed and floating charge over the assets of the company. The loan is denominated in US Dollars and a total of four drawdowns have been issued during the year.

Drawdown 1 was issued in December 2021 providing $550,000 at a fixed rate of interest of 13.75% over a 43 month term.

Drawdown 2 was issued in May 2022 providing $325,000 at a fixed rate of interest of 13.75% over a 43 month term.

Drawdown 3 was issued in August 2022 providing $150,000 at a fixed rate of interest of 15.93% over a 43 month term.

Drawdown 4 was issued on 13 December 2022 providing $400,000 at a fixed rate of interest of 16.89% over a 43 month term.

Drawdown 5 was issued on 23 March 2023 providing $450,000 at a fixed rate of interest of 16.77% over a 43 month term.

Drawdown 6 was issued in August 2023 providing $275,000 at a fixed interest rate of 17.49% over a 40 month term.

Drawdown 7 was issued in January 2024 providing $200,000 at a fixed interest rate of 14% over a 36 month term.

Drawdown 8 was issued in April 2024 providing $500,000 at a fixed interest rate of 15.19% over a 43 month term.

Drawdown 9 was issued in May 2024 providing $125,000 at a fixed interest rate of 15.19% over a 43 month term.

All 9 drawdowns were consolidated in August 2024 with a balance of $2,134,128.61 at a fixed interest rate of 14.24% over a 39 month term.

The SaaS capital loan is analysed at 30 June 2024 as to £364,216 due in less than one year and £1,371,917 due in more than one year.

A CBILS loan of £500,000 was issued in June 2021 from the Greater London Investment Fund. The loan is secured by a fixed and floating charge over the assets of the company. The Loan has a fixed interest rate of 9% and a term of 36 months.

The CBILS loan is analysed as to £20,838 due in less than one year.

The unsecured loans amounting to £550,000 are subordinated to the secured loans and are therefore due in more than one year.Interest is due at a fixed rate of 10% per annum.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/24 30/6/23
value: £    £   
13,267,810 Ordinary 0.1p 13,995 13,995
1,000,000 Deferred 0.1p 1,000 1,000
14,995 14,995

BUYAPOWA LIMITED (REGISTERED NUMBER: 07574698)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£    £   
G Lask
Balance outstanding at start of year 83,049 11,549
Amounts advanced 156,000 71,500
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 239,049 83,049

12. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemptions available and therefore no related party transactions undertaken on normal commercial terms are disclosed.