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Registered number: 09139598

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024

Prepared By:
VICTOR STEWART

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
DIRECTORS
MARK KELLY
REGISTERED OFFICE
29 SPRING GARDENS
SHANKLIN
ISLE OF WIGHT
PO37 7AQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09139598
ACCOUNTANTS
VICTOR STEWART

SOCIALISING BUDDIES LTD

ACCOUNTS
FOR THEYEARENDED31/07/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SOCIALISING BUDDIES LTD

BALANCE SHEET AT 31/07/2024
20242023
Notes££
FIXED ASSETS
Tangible assets339,42336,977
CURRENT ASSETS
Debtors4113,427162,793
Cash at bank and in hand83,12810,134
196,555172,927
CREDITORS: Amounts falling due within one year5110,96293,283
NET CURRENT ASSETS85,59379,644
TOTAL ASSETS LESS CURRENT LIABILITIES125,016116,621
CAPITAL AND RESERVES
Called up share capital644
Profit and loss account125,012116,617
SHAREHOLDERS' FUNDS125,016116,621
For the year ending 31/07/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/03/2025 and signed on their behalf by
.............................
MARK KELLY
Director

SOCIALISING BUDDIES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/07/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 15%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 20%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees2020

SOCIALISING BUDDIES LTD

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 01/08/202335,58128,9951,9685,77172,315
Additions-13,445--13,445
Disposals-(9,995)--(9,995)
At 31/07/202435,58132,4451,9685,77175,765
Depreciation
At 01/08/202315,12516,7951,6511,76735,338
Disposals-(6,791)--(6,791)
For the year5,0851,830798017,795
At 31/07/202420,21011,8341,7302,56836,342
Net Book Amounts
At 31/07/202415,37120,6112383,20339,423
At 31/07/202320,45612,2003174,00436,977
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors46,75314,891
PAYE control-1,820
Other debtors1,300500
Prepayments-5,708
48,05322,919
Amounts falling due over more than one year
Long term debtor65,374139,874
65,374139,874
113,427162,793

SOCIALISING BUDDIES LTD

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax26,5666,079
PAYE control10,418-
Directors current account9403,061
Credit card338338
Trade creditors57601
Pension schemes70,48381,044
Accruals2,1602,160
110,96293,283
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Class 1 shares of £1 each22
1 Class 2 shares of £1 each11
1 Class 3 shares of £1 each11
44