Company Registration No. 13245562 (England and Wales)
BUDDY & LOLA LIMITED
Unaudited accounts
for the period from 4 March 2021 to 31 March 2022
BUDDY & LOLA LIMITED
Unaudited accounts
Contents
BUDDY & LOLA LIMITED
Company Information
for the period from 4 March 2021 to 31 March 2022
Directors
David Bell
Steven Alain Bolton
Company Number
13245562 (England and Wales)
Registered Office
27 Old Gloucester Street
Monomark House
London
United Kingdom
WC1N 3AX
England
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
BUDDY & LOLA LIMITED
Statement of financial position
as at 31 March 2022
Cash at bank and in hand
104,918
Creditors: amounts falling due within one year
(703,552)
Net current liabilities
(364,332)
Called up share capital
91
Profit and loss account
(364,423)
Shareholders' funds
(364,332)
For the period ending 31 March 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 3 March 2023 and were signed on its behalf by
David Bell
Director
Company Registration No. 13245562
BUDDY & LOLA LIMITED
Notes to the Accounts
for the period from 4 March 2021 to 31 March 2022
BUDDY & LOLA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13245562. The registered office is 27 Old Gloucester Street, Monomark House, London, United Kingdom, WC1N 3AX, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
Amounts falling due within one year
Accrued income and prepayments
5,597
5
Creditors: amounts falling due within one year
2022
BUDDY & LOLA LIMITED
Notes to the Accounts
for the period from 4 March 2021 to 31 March 2022
Allotted, called up and fully paid:
65,000 A Ordinary shares of £0.001 each
65
10,000 B Ordinary shares of £0.001 each
10
16,000 C Non Voting Ordinary of £0.001 each
16
- Ordinary Shares of £1 each
-
Shares issued during the period:
65,000 A Ordinary shares of £0.001 each
65
10,000 B Ordinary shares of £0.001 each
10
16,000 C Non Voting Ordinary of £0.001 each
16
7
Transactions with related parties
At the balance sheet date included in other creditors is an amount £150,327 owed to BM Ecommerce Ltd, a company related by virtue of a common director and shareholder.
At the balance sheet date included in other creditors is an amount £115,400 owed to Bolt Partners Ltd, a company related by virtue of a common director and shareholder.
At the balance sheet date included in other creditors is an amount of £50,000 owed to S Bolton, a director and shareholder of the company.
At the balance sheet date £99,904 is held in other creditors for shares that have not been converted as at 31st March 2022.
8
Average number of employees
During the period the average number of employees was 0.
