Company registration number 04582718 (England and Wales)
BUYBRANDTOOLS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BUYBRANDTOOLS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BUYBRANDTOOLS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,174
8,363
Investments
4
130,829
130,829
137,003
139,192
Current assets
Stocks
226,256
251,202
Debtors
5
438,407
464,378
Cash at bank and in hand
5,171
8,363
669,834
723,943
Creditors: amounts falling due within one year
6
(275,538)
(316,300)
Net current assets
394,296
407,643
Total assets less current liabilities
531,299
546,835
Provisions for liabilities
(1,500)
(1,600)
Net assets
529,799
545,235
Capital and reserves
Called up share capital
47,656
47,656
Profit and loss reserves
482,143
497,579
Total equity
529,799
545,235
BUYBRANDTOOLS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 9 September 2025 and are signed on its behalf by:
S R Ward
R J Surfleet
Director
Director
Company Registration No. 04582718
BUYBRANDTOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

BuyBrandTools Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Meadowbrook Park, Station Road, Holbrook, Sheffield, S20 3PJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Fixtures, fittings and equipment
10-30% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in the company's subsidiary are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

BUYBRANDTOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of 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 set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BUYBRANDTOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Foreign exchange
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
17,874
Additions
350
At 31 December 2024
18,224
Depreciation and impairment
At 1 January 2024
9,511
Depreciation charged in the year
2,539
At 31 December 2024
12,050
Carrying amount
At 31 December 2024
6,174
At 31 December 2023
8,363
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
130,829
130,829
BUYBRANDTOOLS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,170
1,127
Corporation tax recoverable
-
0
4,583
Amounts owed by group undertakings
417,435
450,227
Other debtors
2,133
6,913
Prepayments and accrued income
13,669
1,528
438,407
464,378
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
79,175
89,381
Other taxation and social security
15,209
19,323
Other creditors
74,815
74,815
Accruals and deferred income
106,339
132,781
275,538
316,300
2024-12-31 2024-01-01 false false false 16 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity S R Ward R J Surfleet D Ward 04582718 2024-01-01 2024-12-31 04582718 2024-12-31 04582718 2023-12-31 04582718 core:OtherPropertyPlantEquipment 2024-12-31 04582718 core:OtherPropertyPlantEquipment 2023-12-31 04582718 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 04582718 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04582718 core:CurrentFinancialInstruments 2024-12-31 04582718 core:CurrentFinancialInstruments 2023-12-31 04582718 core:ShareCapital 2024-12-31 04582718 core:ShareCapital 2023-12-31 04582718 core:RetainedEarningsAccumulatedLosses 2024-12-31 04582718 core:RetainedEarningsAccumulatedLosses 2023-12-31 04582718 bus:Director1 2024-01-01 2024-12-31 04582718 bus:Director2 2024-01-01 2024-12-31 04582718 core:FurnitureFittings 2024-01-01 2024-12-31 04582718 2023-01-01 2023-12-31 04582718 core:OtherPropertyPlantEquipment 2023-12-31 04582718 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 04582718 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04582718 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04582718 bus:FRS102 2024-01-01 2024-12-31 04582718 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04582718 bus:CompanySecretary1 2024-01-01 2024-12-31 04582718 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP