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REGISTERED NUMBER: SC334746 (Scotland)















Financial Statements for the Year Ended 31 December 2024

for

BUTTONFIX LIMITED

BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 4,778 5,610
Tangible assets 5 108,131 116,864
112,909 122,474

Current assets
Stocks 6 76,477 75,421
Debtors 7 124,217 63,953
Cash at bank 496,979 225,577
697,673 364,951
Creditors
Amounts falling due within one year 8 (124,803 ) (17,682 )
Net current assets 572,870 347,269
Total assets less current liabilities 685,779 469,743

Provisions for liabilities (25,755 ) (21,020 )
Net assets 660,024 448,723

Capital and reserves
Called up share capital 9 10,000 10,000
Retained earnings 650,024 438,723
Shareholders' funds 660,024 448,723

BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





T Wills - Director


BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Buttonfix Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC334746

Registered office: Pentland Estate
Straiton
Edinburgh
EH20 9QH

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable net of VAT and
trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods supplied is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Patents and licences are being amortised evenly over their estimated useful life of 1 - 17 years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery- 15% on reducing balance
Computer equipment - 33% straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. Accounting policies - continued

Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Interest income
Interest income is recognised on an accruals basis.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

3. Employees and directors

The average number of employees during the year was 5 (2023 - 5 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 January 2024
and 31 December 2024 12,342
Amortisation
At 1 January 2024 6,732
Charge for year 832
At 31 December 2024 7,564
Net book value
At 31 December 2024 4,778
At 31 December 2023 5,610

BUTTONFIX LIMITED (REGISTERED NUMBER: SC334746)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 January 2024 191,795 7,265 199,060
Additions 10,450 - 10,450
At 31 December 2024 202,245 7,265 209,510
Depreciation
At 1 January 2024 76,978 5,218 82,196
Charge for year 17,354 1,829 19,183
At 31 December 2024 94,332 7,047 101,379
Net book value
At 31 December 2024 107,913 218 108,131
At 31 December 2023 114,817 2,047 116,864

6. Stocks
2024 2023
£    £   
Stock 76,477 75,421

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 118,055 56,468
Other debtors & prepayments 6,162 7,485
124,217 63,953

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 33,956 16,220
Corporation tax 77,211 (9,469 )
Other taxation & social
security 9,662 6,837
Other creditors & accruals 3,974 4,094
124,803 17,682

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000