Abbreviated Company Accounts - BUYING BUTLER LTD

08310528 BUYING BUTLER LTD 2016-06-30 false 2015-07-01 2016-06-30 true 08310528 2015-07-01 2016-06-30 08310528 2016-06-30 08310528 2015-06-30 08310528 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 08310528 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 08310528

BUYING BUTLER LTD

Abbreviated Accounts

30 June 2016

BUYING BUTLER LTD Registered Number 08310528

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	221,750	215,489
Tangible assets	3	11,385	1,776
		233,135	217,265
Current assets
Debtors		118,715	4,720
Cash at bank and in hand		231,970	4,701
		350,685	9,421
Creditors: amounts falling due within one year		(237,036)	(160,598)
Net current assets (liabilities)		113,649	(151,177)
Total assets less current liabilities		346,784	66,088
Creditors: amounts falling due after more than one year		(950)	(1,538)
Total net assets (liabilities)		345,834	64,550
Capital and reserves
Called up share capital	4	825	725
Share premium account		557,645	279,283
Profit and loss account		(212,636)	(215,458)
Shareholders' funds		345,834	64,550

For the year ending 30 June 2016 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 March 2017

And signed on their behalf by:
R E Ashby, Director

BUYING BUTLER LTD Registered Number 08310528

Notes to the Abbreviated Accounts for the period ended 30 June 2016

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 January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - Straight line over 3 years

Other accounting policies
Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Going concern

The director's have considered a period of 12 months from the date of signing these financial statements and confirm that the company is a going concern and that they will continue to support the company for that period.

2Intangible fixed assets

	£
Cost
At 1 July 2015	279,383
Additions	69,043
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	348,426
Amortisation
At 1 July 2015	63,894
Charge for the year	62,782
On disposals	-
At 30 June 2016	126,676
Net book values
At 30 June 2016	221,750
At 30 June 2015	215,489

3Tangible fixed assets

	£
Cost
At 1 July 2015	2,131
Additions	12,372
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	14,503
Depreciation
At 1 July 2015	355
Charge for the year	2,763
On disposals	-
At 30 June 2016	3,118
Net book values
At 30 June 2016	11,385
At 30 June 2015	1,776

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
825,381 Ordinary shares of £0.001 each (724,923 shares for 2015)	825	725

During the year 100,458 Ordinary £0.001 shares have been issued. These shares have a nominal value of £100.46 and a consideration of £278,462.

The total shares issued as at 30 June 2016 is 825,381 (2015: 724,923). These shares have a nominal value of £825.38 and a consideration of £558,469.63 (2015: nominal value of £724.92 and a consideration of £280,007.23).