BUY SOUTH AFRICA LTD

BUY SOUTH AFRICA LTD

BUY SOUTH AFRICA LTD - Company Information

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BUY SOUTH AFRICA LTD

Company Registration Number:
07891926 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2019

Period of accounts

Start date: 01 January 2018

End date: 31 January 2019

BUY SOUTH AFRICA LTD

Contents of the Financial Statements

for the Period Ended 31 January 2019

Balance sheet
Notes

BUY SOUTH AFRICA LTD

Balance sheet

As at 31 January 2019


Notes
13 months to 31 January 2019
2017


£
£
Fixed assets
Tangible assets: 3 18,049 20,302
Total fixed assets: 18,049 20,302
Current assets
Stocks: 25,000 35,000
Debtors:   26,357 14,865
Cash at bank and in hand: 109,916 76,809
Total current assets: 161,273 126,674
Creditors: amounts falling due within one year: 4 (57,579) (36,788)
Net current assets (liabilities): 103,694 89,886
Total assets less current liabilities: 121,743 110,188
Creditors: amounts falling due after more than one year:     (1,667)
Total net assets (liabilities): 121,743 108,521
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 121,741 108,519
Shareholders funds: 121,743 108,521

The notes form part of these financial statements

BUY SOUTH AFRICA LTD

Balance sheet statements

For the year ending 31 January 2019 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 October 2019
and signed on behalf of the board by:

Name: Mr A R Duncan
Status: Director

The notes form part of these financial statements

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2019

2. Employees

13 months to 31 January 2019 2017
Average number of employees during the period 15 17

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2019

3. Tangible Assets

Total
Cost £
At 01 January 2018 45,809
Additions 3,673
At 31 January 2019 49,482
Depreciation
At 01 January 2018 25,507
Charge for year 5,926
At 31 January 2019 31,433
Net book value
At 31 January 2019 18,049
At 31 December 2017 20,302

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2019

4. Creditors: amounts falling due within one year note

Bank Loans £8011Trade Creditors £24,497Corporation Tax £20,922Other Creditors £4,149

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2019

5. Related party transactions

Name of the related party: Mrs L Duncan and Mr A R Duncan
Relationship:
Directors
Description of the Transaction: Dividends of £37,500 to each Director
£
Balance at 01 January 2018 0
Balance at 31 January 2019 75,000