1 09/11/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-11-09 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 15271611 2023-11-09 2024-11-30 15271611 2024-11-30 15271611 2023-11-08 15271611 bus:Director1 2023-11-09 2024-11-30 15271611 core:ShareCapital 2023-11-09 2024-11-30 15271611 core:RetainedEarningsAccumulatedLosses 2023-11-09 2024-11-30 15271611 core:WithinOneYear 2024-11-30 15271611 core:ShareCapital 2024-11-30 15271611 core:RetainedEarningsAccumulatedLosses 2024-11-30 15271611 core:PreviouslyStatedAmount core:ShareCapital 2024-11-30 15271611 bus:Director1 2024-11-30 15271611 bus:SmallEntities 2023-11-09 2024-11-30 15271611 bus:AuditExempt-NoAccountantsReport 2023-11-09 2024-11-30 15271611 bus:SmallCompaniesRegimeForAccounts 2023-11-09 2024-11-30 15271611 bus:PrivateLimitedCompanyLtd 2023-11-09 2024-11-30 15271611 bus:FullAccounts 2023-11-09 2024-11-30 15271611 core:OtherRelatedParties 2023-11-09 2024-11-30 15271611 core:OtherRelatedParties 2024-11-30 15271611 1 2023-11-09 2024-11-30
Company registration number: 15271611
Buffalo Machines Limited
Unaudited filleted financial statements
30 November 2024
Buffalo Machines Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Buffalo Machines Limited
Statement of financial position
30 November 2024
30/11/24
Note £ £
Current assets
Stocks 78,000
Debtors 5 40,001
Cash at bank and in hand 136,782
_______
254,783
Creditors: amounts falling due
within one year 6 ( 178,774)
_______
Net current assets 76,009
_______
Total assets less current liabilities 76,009
_______
Net assets 76,009
_______
Capital and reserves
Called up share capital 1
Profit and loss account 76,008
_______
Shareholder funds 76,009
_______
For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 August 2025 , and are signed on behalf of the board by:
Mr D L Dregva
Director
Company registration number: 15271611
Buffalo Machines Limited
Statement of changes in equity
Period ended 30 November 2024
Called up share capital Profit and loss account
£ £
At 9 November 2023 - -
Profit for the period 76,008
_______ _______
Total comprehensive income for the period - 76,008
Issue of shares 1
_______ _______
Total investments by and distributions to owners 1 -
_______ _______
At 30 November 2024 1 76,008
_______ _______
Buffalo Machines Limited
Notes to the financial statements
Period ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Debtors
30/11/24
£
Other debtors 40,001
_______
6. Creditors: amounts falling due within one year
30/11/24
£
Corporation tax 25,336
Social security and other taxes 26,288
Other creditors 127,150
_______
178,774
_______
7. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 30/11/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr D L Dregva - ( 3,949) ( 3,949)
_______ _______ _______
The loan is provided on an interest free basis and is repayable on demand.
8. Related party transactions
During the period the company entered into the following transactions with related parties:
Transaction value Balance owed by /(owed to)
Period Period
ended ended
30/11/24 30/11/24
£ £
Dregvas Property Limited 40,001 40,001
Oakland Tractors Ltd 121,801 ( 121,801)
_______ _______
.
9. Controlling party
The company is under the control of the director.