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REGISTERED NUMBER: 11892022 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BULAN DRY LINING LIMITED

BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BULAN DRY LINING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: C Cliff Brown





REGISTERED OFFICE: 26a Beechwood Road
Chudleigh
Newton Abbot
Devon
TQ13 0JE





REGISTERED NUMBER: 11892022 (England and Wales)





ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND

BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87 308

CURRENT ASSETS
Stocks 5 500 500
Debtors 6 17,063 37,236
Cash at bank 9,052 45,456
26,615 83,192
CREDITORS
Amounts falling due within one year 7 18,280 37,488
NET CURRENT ASSETS 8,335 45,704
TOTAL ASSETS LESS CURRENT LIABILITIES 8,422 46,012

CREDITORS
Amounts falling due after more than one
year

8

(8,159

)

(15,161

)

PROVISIONS FOR LIABILITIES (17 ) (59 )
NET ASSETS 246 30,792

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 245 30,791
SHAREHOLDERS' FUNDS 246 30,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 1 July 2024 and were signed by:





C Cliff Brown - Director


BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Bulan Dry Lining 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 299 1 1,152 1,452
DEPRECIATION
At 1 April 2023 184 - 960 1,144
Charge for year 29 - 192 221
At 31 March 2024 213 - 1,152 1,365
NET BOOK VALUE
At 31 March 2024 86 1 - 87
At 31 March 2023 115 1 192 308

5. STOCKS
2024 2023
£    £   
Stocks 500 500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,669
Other debtors - 6,098
Directors' current accounts 12,669 4,760
VAT 4,394 22,636
Prepayments - 73
17,063 37,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,000 7,000
Trade creditors 2,440 15,087
Tax 6,387 13,584
Social security and other taxes 246 -
Accrued expenses 2,207 1,817
18,280 37,488

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 8,159 15,161

BULAN DRY LINING LIMITED (REGISTERED NUMBER: 11892022)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
C Cliff Brown
Balance outstanding at start of year 4,760 24,357
Amounts advanced 140,482 70,751
Amounts repaid (132,573 ) (90,348 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,669 4,760

Loans are unsecured, Interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £57,500 (2023 - £68,000) were paid to the director .

11. GOVERNMENT GUARANTEED LOAN

The bank loan of £15,158.99 is a COVID-19 Bounce Back Loan, guaranteed by the government. Terms run to 9 June 2026.