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Registered Number: 13562518
England and Wales

 

 

 

BUS-TECH LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Jordan McKie
Registered Number 13562518
Registered Office 8 Pinhoe Place
Stoke-On-Trent Staffordshire
ST3 5UA
Accountants Stoke on Trent Accountants Ltd
517 King Street
Longton
Stoke-on-trent
ST3 1HE
1
 

 
Notes

 
31/08/2024
£

  31/08/2023
£
(as restated)
Fixed assets      
Tangible fixed assets 3 24,067    32,600 
24,067    32,600 
Current assets      
Debtors 4 13,935    4,949 
Cash at bank and in hand 8,648    4,997 
22,583    9,946 
Creditors: amount falling due within one year 5 (28,358)   (24,017)
Net current assets (5,775)   (14,071)
 
Total assets less current liabilities 18,292    18,529 
Creditors: amount falling due after more than one year 6 (11,997)   (17,996)
Net assets 6,295    533 
 

Capital and reserves
     
Called up share capital 7 200    200 
Profit and loss account 6,095    333 
Shareholders' funds 6,295    533 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 November 2024 and were signed by:


-------------------------------
Jordan McKie
Director
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General Information
Bus-Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 13562518, registration address 8 Pinhoe Place, Stoke-On-Trent Staffordshire, ST3 5UA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 September 2023 2,260    25,525    9,218    37,003 
Additions   1,334      1,334 
Disposals      
At 31 August 2024 2,260    26,859    9,218    38,337 
Depreciation
At 01 September 2023 956    315    3,132    4,403 
Charge for year 326    6,469    3,072    9,867 
On disposals      
At 31 August 2024 1,282    6,784    6,204    14,270 
Net book values
Closing balance as at 31 August 2024 978    20,075    3,014    24,067 
Opening balance as at 01 September 2023 1,304    25,210    6,086    32,600 


4.

Debtors: amounts falling due within one year

31/08/2024
£
  31/08/2023
£
Trade Debtors 3,902    1,676 
Prepayments & Accrued Income 895    1,250 
Directors' Current Accounts 9,138   
VAT   2,023 
13,935    4,949 

5.

Creditors: amount falling due within one year

31/08/2024
£
  31/08/2023
£
Trade Creditors 1,439    1,123 
Corporation Tax 17,836    6,768 
Dividends Payable - Equity   10,127 
Obligations under HP/Financial Leases 5,999    5,999 
VAT 3,084   
28,358    24,017 

6.

Creditors: amount falling due after more than one year

31/08/2024
£
  31/08/2023
£
Obligations Under HP/Financial Leases 11,997    17,996 
11,997    17,996 

7.

Share Capital

Authorised
100 Ordinary shares of £1.00 each
100 Ordinary A shares of £1.00 each
Allotted, called up and fully paid
31/08/2024
£
  31/08/2023
£
100 Ordinary shares of £1.00 each 100    100 
100 Ordinary A shares of £1.00 each 100    100 
200    200 

3