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
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
Bud Buy Used Direct Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
20,107
21,569
Cash at bank and in hand
1,193
4,699
Creditors: amounts falling due within one year
(91,272)
(86,412)
Net current liabilities
(86,808)
(64,217)
Net liabilities
(66,701)
(42,648)
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
Bud Buy Used Direct Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 30 September 2024
5,588
20,562
26,150
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
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
Obligations under finance leases and hire purchase contracts
4,500
6,500
Loans from directors
84,124
78,806
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).