Registered number
09977348
Bushbury Limited
Filleted Accounts
31 January 2024
Bushbury Limited
Registered number: 09977348
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 600,880 616,623
Current assets
Stocks 100,875 114,904
Debtors 4 137,047 176,848
Cash at bank and in hand 1,290,120 921,355
1,528,042 1,213,107
Creditors: amounts falling due within one year 5 (328,357) (370,682)
Net current assets 1,199,685 842,425
Net assets 1,800,565 1,459,048
Capital and reserves
Called up share capital 10 10
Profit and loss account 1,800,555 1,459,038
Shareholders' funds 1,800,565 1,459,048
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K A Mohammad
Director
Approved by the board on 11 October 2024
Bushbury Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:No Depreciation on new freehold building as it is in work in progress.
Plant and machinery 20% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 568,986 352,524 921,510
Additions 15,197 5,599 20,796
At 31 January 2024 584,183 358,123 942,306
Depreciation
At 1 February 2023 1,874 303,013 304,887
At 31 January 2024 1,874 339,552 341,426
Net book value
At 31 January 2024 582,309 18,571 600,880
At 31 January 2023 567,112 49,511 616,623
4 Debtors 2024 2023
£ £
Trade debtors 37,047 76,848
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100,000 100,000
137,047 176,848
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 145,416 189,216
Taxation and social security costs 138,836 156,010
Other creditors 44,105 25,456
328,357 370,682
6 Other information
Bushbury Limited is a private company limited by shares and incorporated in England. Its registered office is:
Lenton Boulevard Service Station
199 Lenton Boulevard
Nottingham
NG7 2BY
Bushbury Limited 09977348 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 K A Mohammad No description of principal activity 09977348 2022-02-01 2023-01-31 09977348 core:WithinOneYear 2023-01-31 09977348 core:ShareCapital 2023-01-31 09977348 core:RetainedEarningsAccumulatedLosses 2023-01-31 09977348 2023-02-01 2024-01-31 09977348 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09977348 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 09977348 bus:Director40 2023-02-01 2024-01-31 09977348 1 2023-02-01 2024-01-31 09977348 2 2023-02-01 2024-01-31 09977348 core:LandBuildings 2023-02-01 2024-01-31 09977348 core:PlantMachinery 2023-02-01 2024-01-31 09977348 countries:England 2023-02-01 2024-01-31 09977348 bus:FRS102 2023-02-01 2024-01-31 09977348 bus:FilletedAccounts 2023-02-01 2024-01-31 09977348 2024-01-31 09977348 core:WithinOneYear 2024-01-31 09977348 core:ShareCapital 2024-01-31 09977348 core:RetainedEarningsAccumulatedLosses 2024-01-31 09977348 core:LandBuildings 2024-01-31 09977348 core:PlantMachinery 2024-01-31 09977348 2023-01-31 09977348 core:LandBuildings 2023-01-31 09977348 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure