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REGISTERED NUMBER: 12672822 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

BUI Ltd

BUI Ltd (Registered number: 12672822)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUI Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Ryan Edgar Dennis Roseveare
Bui Medical And Technology Suppliers (Pty) Ltd
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
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,048 -

CURRENT ASSETS
Debtors 5 432,527 394,881
Cash at bank 1,705,642 717,075
2,138,169 1,111,956
CREDITORS
Amounts falling due within one year 6 1,613,201 913,892
NET CURRENT ASSETS 524,968 198,064
TOTAL ASSETS LESS CURRENT
LIABILITIES

526,016

198,064

PROVISIONS FOR LIABILITIES 262 -
NET ASSETS 525,754 198,064

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 525,654 197,964
SHAREHOLDERS' FUNDS 525,754 198,064

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 26 November 2024 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 29 February 2024

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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.

BUI Ltd (Registered number: 12672822)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,491
At 29 February 2024 1,491
DEPRECIATION
Charge for year 443
At 29 February 2024 443
NET BOOK VALUE
At 29 February 2024 1,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 213,533 239,577
VAT 30,587 28,572
Prepayments and accrued income 188,407 126,732
432,527 394,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 335,631 320,429
Amounts owed to group undertakings 759,549 213,964
Tax 109,860 7,651
Social security and other taxes 1,647 -
Provisions 33,179 -
Accruals and deferred income 373,335 371,848
1,613,201 913,892

BUI Ltd (Registered number: 12672822)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
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.

8. 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

9. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided from companies with common directors amounted to £759,549 (2023 £213,964).

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is First Technology Investments (Pty) Ltd., a company registered in South Africa.