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Registered number: 12494578
Bukovuk Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 12494578
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1,726,557 1,726,557
1,726,557 1,726,557
CURRENT ASSETS
Receivables 5 100 100
Cash at bank and in hand 3,413 9,839
3,513 9,939
Payables: Amounts Falling Due Within One Year 6 (1,791,533 ) (1,779,346 )
NET CURRENT ASSETS (LIABILITIES) (1,788,020 ) (1,769,407 )
TOTAL ASSETS LESS CURRENT LIABILITIES (61,463 ) (42,850 )
NET LIABILITIES (61,463 ) (42,850 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Income Statement (61,563 ) (42,950 )
SHAREHOLDERS' FUNDS (61,463) (42,850)
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For the year ending 31 March 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mrs V Bilotska
Director
04/12/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bukovuk Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12494578 . The registered office is 12 Mulberry Place, Pinnell Road, London, SE9 6AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Exemption from preparing group accounts
The company and its subsidiary comprise a small group. The company has therefore taken advantage of the exemption provided in Section 399 of the Companies Act 2006 not to prepare group financial statements and accordingly these financial statements present information about the company as a single undertaking.
2.7. Investments
Non-current investments are stated at historical cost less provision for any diminution in value.
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2.8. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees during the year was as follows: NIL (2023: NIL)
- -
4. Investments
Unlisted
£
Cost
As at 1 April 2023 1,726,557
As at 31 March 2024 1,726,557
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,726,557
As at 1 April 2023 1,726,557
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
The company holds 100% of ordinary shares of EVRO OIL K LLC, a company incorporated in Ukraine. The principal activity of EVRO OIL K LLC is that of retail sale of fuel. The loss for the financial year ending 31/12/23 was £4,464 and the aggregate amount of capital and reserves at the end of the year was £129,901.
The company holds 100% of ordinary shares of EVRO OIL K L LLC, a company incorporated in Ukraine. The principal activity of EVRO OIL K L LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £42,791 and the aggregate amount of capital and reserves at the end of the year was £265,204.
The company holds 100% of ordinary shares of EVRO OIL K M LLC, a company incorporated in Ukraine. The principal activity of EVRO OIL K M LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £84,101 and the aggregate amount of capital and reserves at the end of the year was £245,053.
The company holds 100% of ordinary shares of EVRO OIL K S LLC, a company incorporated in Ukraine. The principal activity of EVRO OIL K S LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £8,591 and the aggregate amount of capital and reserves at the end of the year was £140,455.
The company holds 100% of ordinary shares of EVRO OIL OK LLC, a company incorporated in Ukraine. The principal activity of EVRO OIL OK LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £2,196 and the aggregate amount of capital and reserves at the end of the year was £86,631.
The company holds 100% of ordinary shares of PREMIUM TEKS LLC, a company incorporated in Ukraine. The principal activity of PREMIUM TEKS LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £18,985 and the aggregate amount of capital and reserves at the end of the year was £117,691.
The company holds 100% of ordinary shares of Elit Plus LLC, a company incorporated in Ukraine. The principal activity of Elit Plus LLC is that of renting and operating of own or leased real estate. The loss for the financial year ending 31/12/23 was £19,189 and the aggregate amount of capital and reserves at the end of the year was £168,853.
The company holds 100% of ordinary shares of Kamtrans LLC, a company incorporated in Ukraine. The principal activity of Kamtrans is that of construction of other buildings. The profit for the financial year ending 31/12/23 was £12,061 and the aggregate amount of capital and reserves at the end of the year was £185,025.
The company holds 100% of ordinary shares of Evro Oil- Poddilya LLC, a company incorporated in Ukraine. The principal activity of Evro Oil- Poddilya LLC is that of retail sale of fuel. The profit for the financial year ending 31/12/23 was £38,456 and the aggregate amount of capital and reserves at the end of the year was £82,430.
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5. Receivables
2024 2023
£ £
Due within one year
Other receivables 100 100
6. Payables: Amounts Falling Due Within One Year
2024 2023
£ £
Other payables 1,726,557 1,726,557
Accruals and deferred income 1,850 1,750
Directors' loan accounts 63,126 51,039
1,791,533 1,779,346
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
8. Reserves
The retained earnings reserve represents cumulative profit or losses net of dividends paid and other adjustments.
9. Related Party Transactions
During the year M. Serdenciuc, the director and a shareholder of the company, provided to the company a loan of £12,087 (2023: £20,000). The balance of £62,127 (2023: £51,039) is oustanding at the year end. This amount is unsecured, interest free and repayable on demand. 
During the year V. Bilotska, the director of the company, provided consultancy services to the company for the amount of £16,653 (2023: £8,640). The amount was paid at the year end. 
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