BUYINFO_LIMITED - Accounts

BUYINFO LIMITED - Company Information

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Company Registration No. 02929776 (England and Wales)

BUYINFO LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

BUYINFO LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BUYINFO LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

183,651

212,601

Current assets

Debtors

78,849

69,964

Cash at bank and in hand

270,812

106,636

349,661

176,600

Creditors: amounts falling due within one year

(198,661)

(35,595)

Net current assets

151,000

141,005

Total assets less current liabilities

334,651

353,606

Provisions for liabilities

(32,488)

(37,347)

302,163

316,259

Capital and reserves

Called up share capital

Profit and loss account

302,161

316,257

Shareholders' funds

302,163

316,259

BUYINFO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2014

- 2 -

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 April 2015

Mr G A Gent

Director

Company Registration No. 02929776

BUYINFO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised on delivery of those goods and services.

1.3

Tangible fixed assets and depreciation

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

Plant and machinery

25% straight line

Fixtures, fittings & equipment

33.33% straight line

Motor vehicles

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

BUYINFO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2013

666,108

Additions

32,890

At 30 September 2014

698,998

Depreciation

At 1 October 2013

453,507

Charge for the year

61,840

At 30 September 2014

515,347

Net book value

At 30 September 2014

183,651

At 30 September 2013

212,601

Share capital

2014

2013

Allotted, called up and fully paid

200 Ordinary shares of 1p each