Company Registration No. 10139379 (England and Wales)
Buzhala Associates Ltd
Unaudited accounts
for the year ended 31 March 2025
Buzhala Associates Ltd
Unaudited accounts
Contents
Buzhala Associates Ltd
Company Information
for the year ended 31 March 2025
Company Number
10139379 (England and Wales)
Registered Office
8 Hilltop Gardens
London
NW4 1JE
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Buzhala Associates Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
5,124
5,241
Cash at bank and in hand
24,396
31,555
Creditors: amounts falling due within one year
(56,108)
(59,597)
Net current assets
14,754
35,758
Total assets less current liabilities
19,878
40,999
Creditors: amounts falling due after more than one year
(1,015)
(8,539)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
17,618
32,450
Shareholders' funds
17,628
32,460
For the year ending 31 March 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 23 December 2025 and were signed on its behalf by
Naser Buzhala
Director
Company Registration No. 10139379
Buzhala Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
Buzhala Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 10139379. The registered office is 8 Hilltop Gardens, London, NW4 1JE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Buzhala Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,410
4,764
5,970
12,144
At 31 March 2025
1,410
5,693
6,636
13,739
At 1 April 2024
1,300
3,881
1,722
6,903
Charge for the year
110
330
1,272
1,712
At 31 March 2025
1,410
4,211
2,994
8,615
At 31 March 2025
-
1,482
3,642
5,124
At 31 March 2024
110
883
4,248
5,241
Amounts falling due within one year
Accrued income and prepayments
782
1,154
Other debtors
15,204
45,522
Amounts falling due after more than one year
Other debtors
27,780
15,204
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,524
7,316
Taxes and social security
38,459
36,628
Buzhala Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
The Bounce Back Loan is backed by 100% government guarantee and financing of first year's interest by means of government grant.
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
45,049
108,839
126,282
27,606
45,049
108,839
126,282
27,606
Interest has been charged on the loan at the approved beneficial interest rate.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).