Micro-entity Accounts - BUYRITE LIMITED

BUYRITE LIMITED Registered Number 16325338

Micro-entity Balance Sheet as at 31 March 2026

	Notes	2026
		£
Fixed Assets		794
Current Assets		87
Prepayments and accrued income		-
Creditors: amounts falling due within one year		(1)
Net current assets (liabilities)		86
Total assets less current liabilities		880
Creditors: amounts falling due after more than one year		(10,465)
Provisions for liabilities		0
Accruals and deferred income		0
Total net assets (liabilities)		(9,585)
Capital and reserves		(9,585)

For the year ending 31 March 2026 the company was entitled to exemption 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 directors acknowledge their 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 April 2026

And signed on their behalf by:
Mr Taiwo David Popoola, Director

BUYRITE LIMITED Registered Number 16325338

Notes to the Micro-entity Accounts for the period ended 31 March 2026

1Employees

	2026
Average number of employees during the period	0

2Accounting Policies

Basis of measurement and preparation of accounts
1. General Information
Buyrite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 16325338 . The registered office is 12a Mauldeth Road West, Withington, Manchester, M20 3WB.

Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial
Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic
of Ireland" and the Companies Act 2006.

Turnover policy
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has
transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a
contract cannot be estimated reliably

Tangible assets depreciation policy
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,
over their expected useful lives on the following bases:
Freehold 2%
Plant & Machinery 10%
Motor Vehicles 25%
Fixtures & Fittings 20%
Computer Equipment 25%