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BUZZ SOLOMOTO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUZZ SOLOMOTO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: A Beaumont
Mrs A J Beaumont





REGISTERED OFFICE: Fairfax House
6A Mill Field Road
Cottingley Business Park
BINGLEY
West Yorkshire
BD16 1PY





REGISTERED NUMBER: 05835059





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,155 38,494

CURRENT ASSETS
Stocks 5 175,000 233,250
Debtors 6 959 5,395
Cash at bank and in hand 70,053 68,128
246,012 306,773
CREDITORS
Amounts falling due within one year 7 51,357 71,593
NET CURRENT ASSETS 194,655 235,180
TOTAL ASSETS LESS CURRENT LIABILITIES 223,810 273,674

CREDITORS
Amounts falling due after more than one
year

8

(5,447

)

(13,170

)

PROVISIONS FOR LIABILITIES 9 (5,539 ) (7,314 )
NET ASSETS 212,824 253,190

CAPITAL AND RESERVES
Called up share capital 10 200,000 200,000
Retained earnings 12,824 53,190
SHAREHOLDERS' FUNDS 212,824 253,190

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

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

BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:





A Beaumont - Director


BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Buzz Solomoto Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 8,224 73,459 2,412 84,095
DEPRECIATION
At 1 September 2023 5,280 37,923 2,398 45,601
Charge for year 442 8,884 13 9,339
At 31 August 2024 5,722 46,807 2,411 54,940
NET BOOK VALUE
At 31 August 2024 2,502 26,652 1 29,155
At 31 August 2023 2,944 35,536 14 38,494

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 175,000 233,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - 2,700
Other debtors - 1,296
Prepayments 959 1,399
959 5,395

BUZZ SOLOMOTO LIMITED (REGISTERED NUMBER: 05835059)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 537 128
Hire purchase contracts 8,171 8,171
Trade creditors 7,827 13,258
Tax 6,380 3,485
Social security and other taxes 1,020 373
VAT 18,956 13,510
Other creditors 37 76
Directors' current accounts 6,428 31,563
Accrued expenses 2,001 1,029
51,357 71,593

Loans from directors are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 5,447 13,170

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 5,539 7,314

Deferred
tax
£   
Balance at 1 September 2023 7,314
Accelerated capital allowances (1,775 )
Balance at 31 August 2024 5,539

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
200,000 Ordinary shares £1.00 200,000 200,000

11. ULTIMATE CONTROLLING PARTY

The directors control the company by virtue of holding 100% of Ordinary share capital.