Buyerdock Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11995777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2022

for

Buyerdock Ltd

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

J A Sparkes

K D Dixie

REGISTERED OFFICE:

Electra House

1a Gilberd Road

Colchester

Essex

CO2 7LR

REGISTERED NUMBER:

11995777 (England and Wales)

ACCOUNTANTS:

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Buyerdock Ltd for the year ended 31 May 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Buyerdock Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Buyerdock Ltd and state those matters that we have agreed to state to the Board of Directors of Buyerdock Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Buyerdock Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Buyerdock Ltd. You consider that Buyerdock Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Buyerdock Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

JTF

Chartered Certified Accountants

Electra House

1A Gilberd Road

Colchester

Essex

CO2 7LR

29 September 2022

FIXED ASSETS

Intangible assets

4

67,539

36,564

CURRENT ASSETS

Debtors

5

2,408

12,249

Cash at bank

270,902

49,098

273,310

61,347

CREDITORS

Amounts falling due within one year

6

2,282

501

NET CURRENT ASSETS

271,028

60,846

TOTAL ASSETS LESS CURRENT LIABILITIES

338,567

97,410

CAPITAL AND RESERVES

Called up share capital

3,416

3,258

Share premium

431,641

110,598

Retained earnings

(96,490

)

(16,446

)

SHAREHOLDERS' FUNDS

338,567

97,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2022 and were signed on its behalf by:

J A Sparkes - Director

1.	STATUTORY INFORMATION

Buyerdock Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of twenty years.

Computer software is being amortised evenly over its estimated useful life of twenty years.

Trademarks

External costs in respect of obtaining trademark registration are recognised as intangible assets in accordance with the above policy.

The asset will be amortised from the date on which the trademark registration has been completed.

Therefore there is no amortisation charge in the accounts for this year.

Software

External costs in respect of the development of the company's digital operating platform are recognised as intangible assets in line with the above policy

The asset will be amortised from the date that it has been completed and brought into use.

Therefore there is no amortisation charge in the accounts for this year.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2021

36,564

Additions

30,975

At 31 May 2022

67,539

NET BOOK VALUE

At 31 May 2022

67,539

At 31 May 2021

36,564

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other debtors

2,408

12,249

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.22

31.5.21

£

£

Other creditors

2,282

501

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2022 and 31 May 2021:

31.5.22

31.5.21

£

£

J A Sparkes

Balance outstanding at start of year

1,147

-

Amounts advanced

-

1,147

Amounts repaid

(1,147

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,147

K D Dixie

Balance outstanding at start of year

881

-

Amounts advanced

-

881

Amounts repaid

(881

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

881

The loans to the directors were interest-free and repayable on demand.