RSBuddy Limited - Filleted accounts

Registered number

07499475

RSBuddy Limited

Unaudited Filleted Accounts

31 May 2025

RSBuddy Limited
Registered number:		07499475
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,807			7,305

Current assets
Debtors	4	6,900			7,714
Cash at bank and in hand		396			918
		7,296			8,632

Creditors: amounts falling due within one year	5	(6,137)			(3,840)

Net current assets			1,159			4,792

Net assets			3,966			12,097

Capital and reserves
Called up share capital			1			1
Profit and loss account			3,965			12,096

Shareholder's funds			3,966			12,097

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




James Thompson
Director
Approved by the board on 7 January 2026

RSBuddy Limited
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the date the services are delivered.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer and office equipment			over 3 years
	Office furniture and fittings			over 4 years
	AV and sound equipment			over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		AV and sound equipment		Computer and office equipment		Office furniture and fittings		Total
£			£		£		£
	Cost
	At 1 June 2024	45,106		136,650		14,199		195,955
	At 31 May 2025	45,106		136,650		14,199		195,955

	Depreciation
	At 1 June 2024	38,369		136,650		13,631		188,650
	Charge for the year	4,042		-		456		4,498
	At 31 May 2025	42,411		136,650		14,087		193,148

	Net book value
	At 31 May 2025	2,695		-		112		2,807
	At 31 May 2024	6,737		-		568		7,305


4	Debtors					2025		2024
£							£

	Deferred tax asset					6,900		7,714


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					607		503
	Taxation and social security costs					1,488		790
	Director's current account					1,962		367
	Other creditors					2,080		2,180
						6,137		3,840


6	Contingent liabilities

	On 21st February 2019, a fixed and floating charge over the assets and undertaking of the company was created in favour of Improbable Worlds Limited, a company registered in the United Kingdom. A contingent liability of indeterminate amount therefore exists in respect of the above arrangement.


7	Other information

	RSBuddy Limited is a private company limited by shares and incorporated in England. Its registered office is:
	80 Charlotte Street
	London
	W1T 4DF