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Company Registration No. 12004168 (England and Wales)
FINBUD LTD Unaudited accounts for the year ended 31 May 2025
FINBUD LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FINBUD LTD Company Information for the year ended 31 May 2025
Director
Sami Al-Rawi
Company Number
12004168 (England and Wales)
Registered Office
86-90 PAUL STREET LONDON EC2A 4NE ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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FINBUD LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Current assets
Cash at bank and in hand
7,280
8,567
Creditors: amounts falling due within one year
4
(461)
(3,109)
Net current assets
6,819
5,458
Net assets
6,819
5,458
Capital and reserves
Called up share capital
5,000
5,000
Profit and loss account
1,819
458
Shareholders' funds
6,819
5,458
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 June 2025 and were signed on its behalf by
Sami Al-Rawi Director Company Registration No. 12004168
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FINBUD LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
FINBUD LTD is a private company, limited by shares, registered in England and Wales, registration number 12004168. The registered office is 86-90 PAUL STREET, LONDON, EC2A 4NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
319
25
Other creditors
-
758
Loans from directors
(217)
1,895
Accruals
359
431
461
3,109
5
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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