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THE WAY OF THE BUZZARD LIMITED

Registered Number
07679109
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

THE WAY OF THE BUZZARD LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

SMALLEY, Nicola
SMALLEY, Antony Jason

Registered Address

1 Stoneycroft Drive
Warton
Carnforth
LA5 9PX

Registered Number

07679109 (England and Wales)
THE WAY OF THE BUZZARD LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets326,25522,720
26,25522,720
Current assets
Stocks5771,491
Debtors412,5607,199
Cash at bank and on hand16,76337,234
29,90045,924
Creditors amounts falling due within one year5(46,599)(53,645)
Net current assets (liabilities)(16,699)(7,721)
Total assets less current liabilities9,55614,999
Creditors amounts falling due after one year(388)(1,358)
Provisions for liabilities(4,407)(3,925)
Net assets4,7619,716
Capital and reserves
Called up share capital11
Profit and loss account4,7609,715
Shareholders' funds4,7619,716
The financial statements were approved and authorised for issue by the Board of Directors on 6 August 2025, and are signed on its behalf by:
SMALLEY, Nicola
Director
Registered Company No. 07679109
THE WAY OF THE BUZZARD LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The business continued to develop its online subscription and in-person retreats during the year. The directors have prepared forecasts for the coming year and have met targets to date. Therefore, the accounts have been prepared on a going concern basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Revenue from sale of goods
Turnover for membership subscriptions is recognised on a straight line basis over the period to which the membership subscription relates. Turnover for retreats and festivals is recognised when the event takes place.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Development costs
Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis and results in the carrying amount being expensed in profit or loss over the estimated useful life.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Financial instruments
The company has elected to apply the provision of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset with the net amounts presented in the financial statements, when there is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2437,930
Additions8,982
At 31 December 2446,912
Depreciation and impairment
At 01 January 2415,210
Charge for year5,447
At 31 December 2420,657
Net book value
At 31 December 2426,255
At 31 December 2322,720
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables4,1492,240
Prepayments and accrued income8,4114,959
Total12,5607,199
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts605289
Taxation and social security11,34516,866
Other creditors45692
Accrued liabilities and deferred income34,19336,398
Total46,59953,645
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.