BUY SOUTH AFRICA LTD


BUY SOUTH AFRICA LTD

Company Registration Number:
07891926 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2020

Period of accounts

Start date: 01 February 2019

End date: 31 January 2020

BUY SOUTH AFRICA LTD

Contents of the Financial Statements

for the Period Ended 31 January 2020

Balance sheet
Notes

BUY SOUTH AFRICA LTD

Balance sheet

As at 31 January 2020


Notes

2020

13 months to 31 January 2019


£

£
Fixed assets
Tangible assets: 3 20,697 18,049
Total fixed assets: 20,697 18,049
Current assets
Stocks: 60,000 25,000
Debtors:   37,727 26,357
Cash at bank and in hand: 231,261 109,916
Total current assets: 328,988 161,273
Creditors: amounts falling due within one year:   (91,156) (57,579)
Net current assets (liabilities): 237,832 103,694
Total assets less current liabilities: 258,529 121,743
Total net assets (liabilities): 258,529 121,743
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 258,527 121,741
Shareholders funds: 258,529 121,743

The notes form part of these financial statements

BUY SOUTH AFRICA LTD

Balance sheet statements

For the year ending 31 January 2020 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 24 July 2020
and signed on behalf of the board by:

Name: Mr Andrew 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 2020

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 2020

2. Employees

2020 13 months to 31 January 2019
Average number of employees during the period 16 15

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

3. Tangible Assets

Total
Cost £
At 01 February 2019 49,482
Additions 9,547
At 31 January 2020 59,029
Depreciation
At 01 February 2019 31,433
Charge for year 6,899
At 31 January 2020 38,332
Net book value
At 31 January 2020 20,697
At 31 January 2019 18,049

BUY SOUTH AFRICA LTD

Notes to the Financial Statements

for the Period Ended 31 January 2020

4. Related party transactions

Details of the dividends taken by the Directors