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REGISTERED NUMBER: 12672822 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

BUI Ltd

BUI Ltd (Registered number: 12672822)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUI Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr Ryan Edgar Dennis Roseveare
Bui Medical And Technology Suppliers (Pty) Limited
Mr Willem De Vos Malan
Mr Arnold Sharp





SECRETARY: RF Secretaries Limited





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





REGISTERED NUMBER: 12672822 (England and Wales)





AUDITORS: Underwood Green Limited, Statutory Auditor
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

BUI Ltd (Registered number: 12672822)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 394,881 99,002
Cash at bank 717,075 281,065
1,111,956 380,067
CREDITORS
Amounts falling due within one year 5 913,892 214,521
NET CURRENT ASSETS 198,064 165,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,064

165,546

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 197,964 165,446
SHAREHOLDERS' FUNDS 198,064 165,546

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr Ryan Edgar Dennis Roseveare - Director


BUI Ltd (Registered number: 12672822)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

BUI Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The company has taken advantage of the exemption, under the terms of FRS 102, including the provisions of Section 1A, "Small Entities" not to prepare consolidated accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is accounted for when software is supplied to the company's customers. Where a sale relates to a future period, for example in the case of support contracts, only the proportion that relates to the period up to the balance sheet date is recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and Retained Earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BUI Ltd (Registered number: 12672822)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 239,577 44,017
VAT 28,572 3,369
Prepayments and accrued income 126,732 51,616
394,881 99,002

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 320,429 48,928
Amounts owed to group undertakings 213,964 41,146
Tax 7,651 38,994
Accruals and deferred income 371,848 85,453
913,892 214,521

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

The above shares have attached to them full voting, dividend and capital distribution (including on winding up) rights; they do not confer any rights of redemption.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gary Underwood (Senior Statutory Auditor)
for and on behalf of Underwood Green Limited, Statutory Auditor

8. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors amounted to £213,964 (2022 £41,146).

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is BUI Medical And Technology Suppliers (Pty) Ltd., a company registered in South Africa.