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REGISTERED NUMBER: 07963946 (England and Wales)





















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Bush Home Limited

Bush Home Limited (Registered number: 07963946)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bush Home Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr R Odedra
Mrs U Odedra





SECRETARY: Mrs U Odedra





REGISTERED OFFICE: 1 Coton Lane
Erdington
Birmingham
B23 6TP





REGISTERED NUMBER: 07963946 (England and Wales)






Bush Home Limited (Registered number: 07963946)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 354,571 393,331
Tangible assets 5 706,594 704,269
1,061,165 1,097,600

CURRENT ASSETS
Stocks 740 680
Debtors 6 209,130 94,276
Cash at bank and in hand 82,396 114,302
292,266 209,258
CREDITORS
Amounts falling due within one year 7 180,654 164,224
NET CURRENT ASSETS 111,612 45,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,777

1,142,634

CREDITORS
Amounts falling due after more than one
year

8

(616,266

)

(746,748

)

PROVISIONS FOR LIABILITIES (18,267 ) (14,487 )
NET ASSETS 538,244 381,399

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 538,144 381,299
SHAREHOLDERS' FUNDS 538,244 381,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Bush Home Limited (Registered number: 07963946)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:




Mr R Odedra - Director



Mrs U Odedra - Director


Bush Home Limited (Registered number: 07963946)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Bush Home Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill is the difference between the amount paid in connection with the acquisition of a business and the aggregate fair value of its separable net assets. It is being amortised evenly over its estimated economic useful life of 15years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Bush Home Limited (Registered number: 07963946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 775,213
AMORTISATION
At 1 July 2022 381,882
Charge for year 38,760
At 30 June 2023 420,642
NET BOOK VALUE
At 30 June 2023 354,571
At 30 June 2022 393,331

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 715,912 209,301 925,213
Additions - 26,873 26,873
At 30 June 2023 715,912 236,174 952,086
DEPRECIATION
At 1 July 2022 93,358 127,586 220,944
Charge for year 9,716 14,832 24,548
At 30 June 2023 103,074 142,418 245,492
NET BOOK VALUE
At 30 June 2023 612,838 93,756 706,594
At 30 June 2022 622,554 81,715 704,269

Bush Home Limited (Registered number: 07963946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 83,848 79,884
Other debtors 23,051 8,406
106,899 88,290

Amounts falling due after more than one year:
Amounts owed by associates 12,404 5,986
Other debtors 89,827 -
102,231 5,986

Aggregate amounts 209,130 94,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 81,980 81,980
Trade creditors 20,705 24,789
Taxation and social security 54,958 31,292
Other creditors 23,011 26,163
180,654 164,224

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 616,266 675,520
Amounts owed to associates - 2,025
Other creditors - 69,203
616,266 746,748

Amounts falling due in more than five years:

Repayable by instalments
Bank Loan account 616,266 675,520

Bush Home Limited (Registered number: 07963946)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 698,246 757,500

Barclays Bank PLC loans are secured on all monies due or to become due from the company and all the other associated companies.

Short particulars
Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Mr R Odedra and Mrs U Odedra
Balance outstanding at start of year - -
Amounts advanced 154,454 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 154,454 -

During the year, interest charges using average method on director's loan account overdrawn has been treated as benefit in kind but no class 1A nic as the interest on amount overdrawn was paid by the director's.

Also no S455 tax charge as the director repaid the amount overdrawn before the filing deadline of the accounts.

11. ULTIMATE CONTROLLING PARTY

The Board of Directors are the controlling party.