31 May 2024 false Taxfiler 2024.6 07830466 business:PrivateLimitedCompanyLtd 2024-05-31 2025-05-30 07830466 2024-05-30 07830466 2024-05-31 2025-05-30 07830466 business:AuditExempt-NoAccountantsReport 2024-05-31 2025-05-30 07830466 business:FilletedAccounts 2024-05-31 2025-05-30 07830466 2025-05-30 07830466 2024-05-30 07830466 core:WithinOneYear 2025-05-30 07830466 core:WithinOneYear 2024-05-30 07830466 core:AfterOneYear 2025-05-30 07830466 core:AfterOneYear 2024-05-30 07830466 core:ShareCapital core:PreviouslyStatedAmount 2025-05-30 07830466 core:ShareCapital core:PreviouslyStatedAmount 2024-05-30 07830466 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-30 07830466 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-30 07830466 core:PreviouslyStatedAmount 2025-05-30 07830466 core:PreviouslyStatedAmount 2024-05-30 07830466 business:SmallEntities 2024-05-31 2025-05-30 07830466 business:Director1 2024-05-31 2025-05-30 07830466 countries:EnglandWales 2024-05-31 2025-05-30 07830466 business:RegisteredOffice 2024-05-31 2025-05-30 07830466 core:FurnitureFittings 2024-05-31 2025-05-30 07830466 core:FurnitureFittings 2024-05-30 07830466 core:FurnitureFittings 2025-05-30 07830466 2023-05-31 2024-05-30 iso4217:GBP xbrli:pure
BUYER AREA LIMITED Statement of financial position as at 30 May 2025
2025
2024
Notes
£
£
Current assets
Inventories
262,472
357,169
Debtors
5
316,073
219,626
Cash at bank and in hand
60,692
87,477
639,237
664,272
Creditors: amounts falling due within one year
6
(425,625)
(474,622)
Net current assets
213,612
189,650
Total assets less current liabilities
213,612
189,650
Creditors: amounts falling due after more than one year
7
(205,912)
(216,568)
Net assets/(liabilities)
7,700
(26,918)
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,600
(27,018)
Shareholders' funds
7,700
(26,918)
For the year ending 30 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 7 April 2026 and were signed on its behalf by
Ali Abbas Khan Director Company Registration No. 07830466
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BUYER AREA LIMITED Notes to the Accounts for the year ended 30 May 2025
1
Statutory information
BUYER AREA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07830466. The registered office is 32 STOUR CLOSE, , SLOUGH, SL1 2TU.
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.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
over 5 years
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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BUYER AREA LIMITED Notes to the Accounts for the year ended 30 May 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 31 May 2024
16,142
At 30 May 2025
16,142
Depreciation
At 31 May 2024
16,142
At 30 May 2025
16,142
Net book value
At 30 May 2025
-
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
9,570
14,734
Trade debtors
107,484
67,532
Other debtors
185,262
123,603
302,316
205,869
Amounts falling due after more than one year
Other debtors
13,757
13,757
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
3,706
701
Trade creditors
22,094
58,427
Taxes and social security
4,109
893
Other creditors
392,981
412,667
Accruals
2,735
1,934
425,625
474,622
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,912
16,568
Other creditors
200,000
200,000
205,912
216,568
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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