Company Registration No. 09584954 (England and Wales)
B&X Construction Ltd
Unaudited accounts
for the year ended 31 May 2024
B&X Construction Ltd
Unaudited accounts
Contents
B&X Construction Ltd
Company Information
for the year ended 31 May 2024
Company Number
09584954 (England and Wales)
Registered Office
UNIT 17 ALLIANCE COURT
ALLIANCE ROAD
ACTON
LONDON
W3 0RB
ENGLAND
B&X Construction Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
112,413
132,634
Cash at bank and in hand
2,425,553
2,198,643
Creditors: amounts falling due within one year
(452,472)
(717,332)
Net current assets
2,876,083
2,045,482
Net assets
2,988,496
2,178,116
Called up share capital
4
4
Profit and loss account
2,988,492
2,178,112
Shareholders' funds
2,988,496
2,178,116
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 November 2024 and were signed on its behalf by
Arben Lleshi
Director
Company Registration No. 09584954
B&X Construction Ltd
Notes to the Accounts
for the year ended 31 May 2024
B&X Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 09584954. The registered office is UNIT 17 ALLIANCE COURT, ALLIANCE ROAD, ACTON, LONDON, W3 0RB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
B&X Construction Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
309,748
4,162
313,910
At 31 May 2024
326,998
4,162
331,160
At 1 June 2023
177,115
4,161
181,276
Charge for the year
37,471
-
37,471
At 31 May 2024
214,586
4,161
218,747
At 31 May 2024
112,412
1
112,413
At 31 May 2023
132,633
1
132,634
Amounts falling due within one year
Trade debtors
654,857
540,387
Other debtors
248,145
23,784
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
70,644
79,675
Taxes and social security
296,052
480,079
Other creditors
2,039
7,083
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).