Company Registration No. 04915765 (England and Wales)
Busy Living Limited
Unaudited accounts
for the year ended 30 September 2022
Busy Living Limited
Unaudited accounts
Contents
Busy Living Limited
Company Information
for the year ended 30 September 2022
Directors
Linda Walshaw
Kevin Walshaw
Company Number
04915765 (England and Wales)
Registered Office
90 Woodside Road
Amersham
Bucks
HP6 6AN
Accountants
CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
Busy Living Limited
Accountants' report
Accountants' report to the board of directors of Busy Living Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2022.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2022. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
CS Scott Accounting LLP
Suite 1, Hardy House
Northbridge Road
Berkhamsted
Hertfordshire
HP4 1EF
11 November 2022
Busy Living Limited
Statement of financial position
as at 30 September 2022
Tangible assets
2,468
3,334
Cash at bank and in hand
16,957
12,217
Creditors: amounts falling due within one year
(42,948)
(29,481)
Net current (liabilities)/assets
(947)
1,556
Called up share capital
1,000
1,000
Profit and loss account
521
3,890
Shareholders' funds
1,521
4,890
For the year ending 30 September 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 11 November 2022 and were signed on its behalf by
Linda Walshaw
Director
Company Registration No. 04915765
Busy Living Limited
Notes to the Accounts
for the year ended 30 September 2022
Busy Living Limited is a private company, limited by shares, registered in England and Wales, registration number 04915765. The registered office is 90 Woodside Road, Amersham, Bucks, HP6 6AN.
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 remained unchanged from the previous year, and also 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.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33.33% straight line
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Busy Living Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2021
32,223
18,128
2,997
53,348
At 30 September 2022
32,589
18,128
2,997
53,714
At 1 October 2021
30,795
17,566
1,653
50,014
Charge for the year
591
141
500
1,232
At 30 September 2022
31,386
17,707
2,153
51,246
At 30 September 2022
1,203
421
844
2,468
At 30 September 2021
1,428
562
1,344
3,334
Amounts falling due within one year
Trade debtors
22,581
10,352
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
19,434
68
Other creditors
2,202
1,487
Loans from directors
7,931
11,461
Deferred income
13,381
13,505
7
Average number of employees
During the year the average number of employees was 29 (2021: 29).
