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 2015

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 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

123,883

183,651

Current assets

Debtors

58,194

78,849

Cash at bank and in hand

355,342

270,812

413,536

349,661

Creditors: amounts falling due within one year

(105,844)

(198,661)

Net current assets

307,692

151,000

Total assets less current liabilities

431,575

334,651

Provisions for liabilities

(21,298)

(32,488)

410,277

302,163

Capital and reserves

Called up share capital

Profit and loss account

410,275

302,161

Shareholders' funds

410,277

302,163

BUYINFO LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2015

- 2 -

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 her 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 21 April 2016

Mrs G M Gent

Director

Company Registration No. 02929776

BUYINFO LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 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 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 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

698,998

Additions

275

At 30 September 2015

699,273

Depreciation

At 1 October 2014

515,347

Charge for the year

60,043

At 30 September 2015

575,390

Net book value

At 30 September 2015

123,883

At 30 September 2014

183,651

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary shares of 1p each

Transactions with directors

Mr and Mrs GA Gent/Edgefield Hall Farm (a business in which Mr and Mrs Gent were partners), rented land and buildings to the company under an annual licence. Rent payable for the year was £15,000 (2014: £15,000).