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Company Registration No. 12224505 (England and Wales)
Bud Buy Used Direct Ltd Unaudited accounts for the year ended 30 September 2024
Bud Buy Used Direct Ltd Unaudited accounts Contents
Page
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Bud Buy Used Direct Ltd Company Information for the year ended 30 September 2024
Director
ALLEN, Mark Stanley
Company Number
12224505 (England and Wales)
Registered Office
ROYAL ARMS, FLAT 1 LIVERPOOL ROAD CADISHEAD MANCHESTER M44 5BQ UNITED KINGDOM
Accountants
Abacus Accountants 9 Ruthin Road Denbigh Denbighshire LL16 3EH
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Bud Buy Used Direct Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,107 
21,569 
Current assets
Inventories
3,271 
17,496 
Cash at bank and in hand
1,193 
4,699 
4,464 
22,195 
Creditors: amounts falling due within one year
(91,272)
(86,412)
Net current liabilities
(86,808)
(64,217)
Net liabilities
(66,701)
(42,648)
Capital and reserves
Called up share capital
(1)
(1)
Profit and loss account
(66,700)
(42,647)
Shareholders' funds
(66,701)
(42,648)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 June 2025 and were signed on its behalf by
ALLEN, Mark Stanley Director Company Registration No. 12224505
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Bud Buy Used Direct Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Bud Buy Used Direct Ltd is a private company, limited by shares, registered in England and Wales, registration number 12224505. The registered office is ROYAL ARMS, FLAT 1 LIVERPOOL ROAD, CADISHEAD, MANCHESTER, M44 5BQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
5,330 
20,562 
25,892 
Additions
258 
- 
258 
At 30 September 2024
5,588 
20,562 
26,150 
Depreciation
At 1 October 2023
2,158 
2,165 
4,323 
Charge for the year
617 
1,103 
1,720 
At 30 September 2024
2,775 
3,268 
6,043 
Net book value
At 30 September 2024
2,813 
17,294 
20,107 
At 30 September 2023
3,172 
18,397 
21,569 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,193 
656 
Obligations under finance leases and hire purchase contracts
4,500 
6,500 
Loans from directors
84,124 
78,806 
Accruals
455 
450 
91,272 
86,412 
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Bud Buy Used Direct Ltd Notes to the Accounts for the year ended 30 September 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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