Abbreviated Company Accounts - BUZZTRAX LIMITED

04680185 BUZZTRAX LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04680185 2014-04-01 2015-03-31 04680185 2015-03-31 04680185 2014-03-31 04680185 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04680185 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04680185

BUZZTRAX LIMITED

Abbreviated Accounts

31 March 2015

BUZZTRAX LIMITED Registered Number 04680185

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	15,985	26,109
		15,985	26,109
Current assets
Debtors		48,288	43,591
Cash at bank and in hand		3,503	278
		51,791	43,869
Creditors: amounts falling due within one year		(74,950)	(64,689)
Net current assets (liabilities)		(23,159)	(20,820)
Total assets less current liabilities		(7,174)	5,289
Total net assets (liabilities)		(7,174)	5,289
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(7,176)	5,287
Shareholders' funds		(7,174)	5,289

For the year ending 31 March 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 29 March 2016

And signed on their behalf by:
Simon Bishop, Director

BUZZTRAX LIMITED Registered Number 04680185

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services provided by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery reducing balance 25%
Commercial vehicles reducing balance 25%

2Tangible fixed assets

	£
Cost
At 1 April 2014	98,219
Additions	-
Disposals	(29,943)
Revaluations	-
Transfers	-
At 31 March 2015	68,276
Depreciation
At 1 April 2014	72,110
Charge for the year	5,329
On disposals	(25,148)
At 31 March 2015	52,291
Net book values
At 31 March 2015	15,985
At 31 March 2014	26,109

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	Simon Bishop
Description of the transaction:	loan from company
Balance at 1 April 2014:	£ 33,000
Advances or credits made:	-
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 33,000

The loan is subject to interest at 3.5% pa.