Abbreviated Company Accounts - BUADU LIMITED

Abbreviated Company Accounts - BUADU LIMITED

BUADU LIMITED - Company Information

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Registered Number 07826748

BUADU LIMITED

Abbreviated Accounts

28 February 2015

BUADU LIMITED Registered Number 07826748

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 33,565 43,705
Tangible assets 3 51,936 3,027
85,501 46,732
Current assets
Debtors 76,163 45,946
Cash at bank and in hand 305,847 140,182
382,010 186,128
Creditors: amounts falling due within one year (179,582) (83,607)
Net current assets (liabilities) 202,428 102,521
Total assets less current liabilities 287,929 149,253
Creditors: amounts falling due after more than one year (75,371) (53,046)
Total net assets (liabilities) 212,558 96,207
Capital and reserves
Called up share capital 1 1
Profit and loss account 212,557 96,206
Shareholders' funds 212,558 96,207
  • For the year ending 28 February 2015 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 April 2015

And signed on their behalf by:
Alvin Osei-Tutu, Director

BUADU LIMITED Registered Number 07826748

Notes to the Abbreviated Accounts for the period ended 28 February 2015

1Accounting Policies

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or
valuation less estimated residual value of each asset over its estimated useful life. The principal
rates in use are:
Motor vehicles 20% reducing balance
Equipment, fixtures and fittings 25% reducing balance
Computer equipment 33% straight line

Intangible assets amortisation policy
Intangible fixed assets represent the franchise license fee costs. These are to be written off over the
5 years of the franchise agreement

2Intangible fixed assets
£
Cost
At 1 March 2014 83,914
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2015 83,914
Amortisation
At 1 March 2014 40,209
Charge for the year 10,140
On disposals -
At 28 February 2015 50,349
Net book values
At 28 February 2015 33,565
At 28 February 2014 43,705
3Tangible fixed assets
£
Cost
At 1 March 2014 4,037
Additions 62,607
Disposals -
Revaluations -
Transfers -
At 28 February 2015 66,644
Depreciation
At 1 March 2014 1,010
Charge for the year 13,698
On disposals -
At 28 February 2015 14,708
Net book values
At 28 February 2015 51,936
At 28 February 2014 3,027