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REGISTERED NUMBER: 08017056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2023 TO 31 MARCH 2024

FOR

BUX LIMITED

BUX LIMITED (REGISTERED NUMBER: 08017056)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 June 2023 to 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUX LIMITED

COMPANY INFORMATION
for the Period 1 June 2023 to 31 March 2024







DIRECTORS: Y A Bux
A Bux





REGISTERED OFFICE: Barton Hall
Garstang Road
Broughton
Preston
Lancashire
PR3 5BT





REGISTERED NUMBER: 08017056 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

BUX LIMITED (REGISTERED NUMBER: 08017056)

BALANCE SHEET
31 March 2024

31.3.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,488,024 2,474,287
Investments 5 987,010 1,603,526
3,475,034 4,077,813

CURRENT ASSETS
Debtors 6 261,936 422,909
Cash at bank and in hand 1,162,981 430,959
1,424,917 853,868
CREDITORS
Amounts falling due within one year 7 1,840,062 1,285,161
NET CURRENT LIABILITIES (415,145 ) (431,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,059,889

3,646,520

PROVISIONS FOR LIABILITIES - 134,556
NET ASSETS 3,059,889 3,511,964

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 3,059,589 3,511,664
3,059,889 3,511,964

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

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

The directors acknowledge their 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.

BUX LIMITED (REGISTERED NUMBER: 08017056)

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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Y A Bux - Director


BUX LIMITED (REGISTERED NUMBER: 08017056)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 June 2023 to 31 March 2024


1. STATUTORY INFORMATION

Bux 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Bux Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investment properties
Investment properties are recognised at open market value. Any aggregate surplus or deficit is taken to the "gains and losses on investment assets" on the Income Statement. The investment properties have been valued by the directors for the period ended 31 March 2024. The market value of the investment properties is not materially different to these values as at 31 March 2024.

Investments in subsidiaries
Investments in group undertakings are recognised at open market value. Any aggregate surplus or deficit being taken to "gains and losses on investment assets" in the Income Statement. The investments have been valued by the directors for the period ended 31 March 2024. The market value of the investments is not materially different to these values as at 31 March 2024.

Taxation
Taxation for the period 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 period 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.

BUX LIMITED (REGISTERED NUMBER: 08017056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 June 2023 to 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include investments, debtors and bank balances, are initially measured at transaction price, and are subsequently carried at cost. Basic financial liabilities, which include creditors, loans and borrowings, are initially recognised at transaction price and are subsequently carried at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Investment
properties
£   
COST OR VALUATION
At 1 June 2023 2,474,287
Additions 13,737
At 31 March 2024 2,488,024
NET BOOK VALUE
At 31 March 2024 2,488,024
At 31 May 2023 2,474,287

The investment properties are included at open market value as at 31 March 2024. The directors have valued the investment properties, and consider the market value of the investment properties will not be materially different to this amount.

Cost or valuation at 31 March 2024 is represented by:

Investment
properties
£   
Valuation in 2020 143,382
Valuation in 2023 14,165
Cost 2,330,477
2,488,024

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.5.23
£    £   
Cost 2,330,477 2,316,740

The investment property was valued on an open market basis on 31 March 2024 by the directors .

BUX LIMITED (REGISTERED NUMBER: 08017056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 June 2023 to 31 March 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 June 2023 1,603,526
Revaluations (616,516 )
At 31 March 2024 987,010
NET BOOK VALUE
At 31 March 2024 987,010
At 31 May 2023 1,603,526

Cost or valuation at 31 March 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 723,874
Valuation in 2021 (30,971 )
Valuation in 2022 230,911
Valuation in 2023 (358,384 )
Valuation in 2024 (616,516 )
Cost 1,038,096
987,010

The investments are at open market value as at 31 March 2024. The directors have valued the investments, and consider the market value of the investments will not be materially different to this amount.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.5.23
£    £   
Other debtors 261,936 422,909

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.5.23
£    £   
Social security and other taxes 1,185 12,574
Other creditors 1,312,089 1,263,621
Directors' current accounts 526,788 8,966
1,840,062 1,285,161

BUX LIMITED (REGISTERED NUMBER: 08017056)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 June 2023 to 31 March 2024


8. RELATED PARTY DISCLOSURES

At the period end the company owed £526,788 (2023: £8,966) to the directors. In addition £1,050,000 is owed to family members of Mr A Bux. The loans are interest free, unsecured and repayable on demand.

The company owes £251,540 (2023: £207,800 from) to a company owned by a director and his wife. The company is owed £20,000 (2023: £45,000) from another company owned by both directors, and £201,900 (2023: £320,000) from a charity of which both directors are trustees.

All loans are interest free, unsecured and repayable on demand.

During the period the company made donations to The Matliwala Family Charitable Trust of £132,925 (2023: £264,875), and Matliwala Darul Aloom Charitable Trust of £3,650 (2023: £8,288), charities of which both directors are trustees.









9. ULTIMATE CONTROLLING PARTY

The controlling party is A Bux.