IRIS Accounts Production v25.2.0.378 SC309003 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false 12960 119864 74870 152866 59580 259770 28250 12960 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC309003 2024-01-31 SC309003 2025-01-31 SC309003 2024-02-01 2025-01-31 SC309003 2023-09-29 SC309003 2023-09-30 2024-01-31 SC309003 2024-01-31 SC309003 ns14:PoundSterling 2024-02-01 2025-01-31 SC309003 ns10:Director1 2024-02-01 2025-01-31 SC309003 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 SC309003 ns10:SmallEntities 2024-02-01 2025-01-31 SC309003 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 SC309003 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 SC309003 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 SC309003 ns10:FullAccounts 2024-02-01 2025-01-31 SC309003 ns10:Director1 41 2024-01-31 SC309003 ns10:Director1 41 2023-09-29 SC309003 ns10:Director1 41 2024-02-01 2025-01-31 SC309003 ns10:Director1 41 2023-09-30 2024-01-31 SC309003 ns10:Director1 41 2025-01-31 SC309003 ns10:Director1 41 2024-01-31 SC309003 ns5:CurrentFinancialInstruments 2025-01-31 SC309003 ns5:CurrentFinancialInstruments 2024-01-31 SC309003 ns5:Non-currentFinancialInstruments 2025-01-31 SC309003 ns5:Non-currentFinancialInstruments 2024-01-31 SC309003 ns5:ShareCapital 2025-01-31 SC309003 ns5:ShareCapital 2024-01-31 SC309003 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 SC309003 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 SC309003 ns5:PlantMachinery 2024-02-01 2025-01-31 SC309003 ns5:PlantMachinery 2024-01-31 SC309003 ns5:PlantMachinery 2025-01-31 SC309003 ns5:PlantMachinery 2024-01-31 SC309003 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 SC309003 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 SC309003 ns5:Secured 2025-01-31 SC309003 ns5:Secured 2024-01-31 SC309003 ns10:Director2 2024-02-01 2025-01-31 SC309003 ns10:Director2 2 2024-01-31 SC309003 ns10:Director2 2 2023-09-29 SC309003 ns10:Director2 2 2024-02-01 2025-01-31 SC309003 ns10:Director2 2 2023-09-30 2024-01-31 SC309003 ns10:Director2 2 2025-01-31 SC309003 ns10:Director2 2 2024-01-31

REGISTERED NUMBER: SC309003

FATBUZZ LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

Balance Sheet | 1 |

Notes to the Financial Statements | 3 |

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 21,162 |  | 24,570 |  |

CURRENT ASSETS

Debtors | 5 | 99,531 |  | 138,946 |  |

Cash in hand | 95 |  | 95 |  |

99,626 |  | 139,041 |  |

CREDITORS

Amounts falling due within one year | 6 | 110,782 |  | 133,549 |  |

NET CURRENT (LIABILITIES)/ASSETS | (11,156 | ) | 5,492 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,006 |  | 30,062 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (3,788 | ) | (13,963 | ) |

PROVISIONS FOR LIABILITIES | (3,817 | ) | (3,303 | ) |

NET ASSETS | 2,401 |  | 12,796 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 2,399 |  | 12,794 |  |

SHAREHOLDERS' FUNDS | 2,401 |  | 12,796 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

BALANCE SHEET - continued

31 JANUARY 2025

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

M M White - Director

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Fatbuzz Limited is a private company, limited by shares, registered in Scotland. The address of the registered office is Caledonia House, 89 Seaward Street, Glasgow, Scotland, G41 1HJ.

| The financial statements are presented in Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There were no material departures from the standard. The financial statements have been prepared under the historical cost convention.

| Judgements

| The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

| Turnover

| Turnover represents the invoice value of services rendered in the year, exclusive of value added tax. The company's policy is to recognise income when substantively all risks and rewards in connection with the services have been passed to the buyer.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 25% on reducing balance and 15% on reducing balance

| Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

| Impairment of non-financial assets

| At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of the value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to and from related parties.

| Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

| Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

| Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider it to be more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates which would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted, or substantively enacted, by the balance sheet date.

| With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

| Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

| Leasing commitments

| Rentals payable under operating leases are charged against profits on a straight line basis over the period of the lease.

| 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.

| Provisions

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 17 (2024 - 17 ) .

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 83,417 |  |

| Additions | 450 |  |

| At 31 January 2025 | 83,867 |  |

| DEPRECIATION

| At 1 February 2024 | 58,847 |  |

| Charge for year | 3,858 |  |

| At 31 January 2025 | 62,705 |  |

| NET BOOK VALUE

| At 31 January 2025 | 21,162 |  |

| At 31 January 2024 | 24,570 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 64,856 |  | 82,514 |  |

| Other debtors | 34,675 |  | 56,432 |  |

99,531 |  | 138,946 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 47,829 |  | 55,158 |  |

| Trade creditors | 5,861 |  | 18,895 |  |

| Taxation and social security | 47,469 |  | 52,688 |  |

| Other creditors | 9,623 |  | 6,808 |  |

110,782 |  | 133,549 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 3,788 |  | 13,963 |  |

FATBUZZ LIMITED (REGISTERED NUMBER: SC309003)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 37,671 |  | 45,000 |  |

| The bank overdraft is secured by a floating charge which covers all the property and undertakings of the company.

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the year ended 31 January 2025 and the period ended 31 January 2024:

2025 | 2024 |

£ | £ |

| R G B White and M M White

| Balance outstanding at start of year | 12,960 |  | 119,864 |  |

| Amounts advanced | 74,870 |  | 152,866 |  |

| Amounts repaid | (59,580 | ) | (259,770 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 28,250 |  | 12,960 |  |

| This loan has no repayment terms, is unsecured and interest has been charged at the market rate.