Company Registration No. 07753697 (England and Wales)
BUSHI CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 August 2023
BUSHI CONSTRUCTION LTD
Statement of financial position
as at 31 August 2023
Tangible assets
19,996
1,495
Cash at bank and in hand
1,371
122,809
Creditors: amounts falling due within one year
(64,874)
(95,590)
Net current assets
69,696
27,219
Total assets less current liabilities
89,692
28,714
Creditors: amounts falling due after more than one year
(29,566)
(10,458)
Called up share capital
1
1
Profit and loss account
60,125
18,255
Shareholders' funds
60,126
18,256
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2024 and were signed on its behalf by
Mahir Jashari
Director
Company Registration No. 07753697
BUSHI CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 August 2023
BUSHI CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 07753697. The registered office is 28D PLASHET ROAD, LONDON, E13 0PU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
2,200
500
2,700
At 31 August 2023
2,200
24,000
26,200
At 1 September 2022
1,205
-
1,205
Charge for the year
199
4,800
4,999
At 31 August 2023
1,404
4,800
6,204
At 31 August 2023
796
19,200
19,996
At 31 August 2022
995
500
1,495
Amounts falling due within one year
BUSHI CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,069
4,438
Taxes and social security
23,967
45,094
Other creditors
2,519
23,020
Loans from directors
-
9,216
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).