2023-03-272024-03-312024-03-31false08730304BUNDOBUST LTD2025-03-1956302falseiso4217:GBPxbrli:pure087303042023-03-27087303042024-03-31087303042023-03-272024-03-31087303042022-03-28087303042023-03-26087303042022-03-282023-03-2608730304bus:SmallEntities2023-03-272024-03-3108730304bus:AuditExempt-NoAccountantsReport2023-03-272024-03-3108730304bus:FullAccounts2023-03-272024-03-3108730304bus:PrivateLimitedCompanyLtd2023-03-272024-03-3108730304core:WithinOneYear2024-03-3108730304core:AfterOneYear2024-03-3108730304core:WithinOneYear2023-03-2608730304core:AfterOneYear2023-03-2608730304core:ShareCapital2024-03-3108730304core:SharePremium2024-03-3108730304core:RevaluationReserve2024-03-3108730304core:OtherReservesSubtotal2024-03-3108730304core:RetainedEarningsAccumulatedLosses2024-03-3108730304core:ShareCapital2023-03-2608730304core:SharePremium2023-03-2608730304core:RevaluationReserve2023-03-2608730304core:OtherReservesSubtotal2023-03-2608730304core:RetainedEarningsAccumulatedLosses2023-03-2608730304core:LandBuildings2024-03-3108730304core:PlantMachinery2024-03-3108730304core:Vehicles2024-03-3108730304core:FurnitureFittings2024-03-3108730304core:OfficeEquipment2024-03-3108730304core:NetGoodwill2024-03-3108730304core:IntangibleAssetsOtherThanGoodwill2024-03-3108730304core:ListedExchangeTraded2024-03-3108730304core:UnlistedNon-exchangeTraded2024-03-3108730304core:LandBuildings2023-03-2608730304core:PlantMachinery2023-03-2608730304core:Vehicles2023-03-2608730304core:FurnitureFittings2023-03-2608730304core:OfficeEquipment2023-03-2608730304core:NetGoodwill2023-03-2608730304core:IntangibleAssetsOtherThanGoodwill2023-03-2608730304core:ListedExchangeTraded2023-03-2608730304core:UnlistedNon-exchangeTraded2023-03-2608730304core:LandBuildings2023-03-272024-03-3108730304core:PlantMachinery2023-03-272024-03-3108730304core:Vehicles2023-03-272024-03-3108730304core:FurnitureFittings2023-03-272024-03-3108730304core:OfficeEquipment2023-03-272024-03-3108730304core:NetGoodwill2023-03-272024-03-3108730304core:IntangibleAssetsOtherThanGoodwill2023-03-272024-03-3108730304core:ListedExchangeTraded2023-03-272024-03-3108730304core:UnlistedNon-exchangeTraded2023-03-272024-03-3108730304core:MoreThanFiveYears2023-03-272024-03-3108730304core:Non-currentFinancialInstruments2024-03-3108730304core:Non-currentFinancialInstruments2023-03-2608730304dpl:CostSales2023-03-272024-03-3108730304dpl:DistributionCosts2023-03-272024-03-3108730304core:LandBuildings2023-03-272024-03-3108730304core:PlantMachinery2023-03-272024-03-3108730304core:Vehicles2023-03-272024-03-3108730304core:FurnitureFittings2023-03-272024-03-3108730304core:OfficeEquipment2023-03-272024-03-3108730304dpl:AdministrativeExpenses2023-03-272024-03-3108730304core:NetGoodwill2023-03-272024-03-3108730304core:IntangibleAssetsOtherThanGoodwill2023-03-272024-03-3108730304dpl:GroupUndertakings2023-03-272024-03-3108730304dpl:ParticipatingInterests2023-03-272024-03-3108730304dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-272024-03-3108730304core:ListedExchangeTraded2023-03-272024-03-3108730304dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-272024-03-3108730304core:UnlistedNon-exchangeTraded2023-03-272024-03-3108730304dpl:CostSales2022-03-282023-03-2608730304dpl:DistributionCosts2022-03-282023-03-2608730304core:LandBuildings2022-03-282023-03-2608730304core:PlantMachinery2022-03-282023-03-2608730304core:Vehicles2022-03-282023-03-2608730304core:FurnitureFittings2022-03-282023-03-2608730304core:OfficeEquipment2022-03-282023-03-2608730304dpl:AdministrativeExpenses2022-03-282023-03-2608730304core:NetGoodwill2022-03-282023-03-2608730304core:IntangibleAssetsOtherThanGoodwill2022-03-282023-03-2608730304dpl:GroupUndertakings2022-03-282023-03-2608730304dpl:ParticipatingInterests2022-03-282023-03-2608730304dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-282023-03-2608730304core:ListedExchangeTraded2022-03-282023-03-2608730304dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-282023-03-2608730304core:UnlistedNon-exchangeTraded2022-03-282023-03-2608730304core:NetGoodwill2024-03-3108730304core:IntangibleAssetsOtherThanGoodwill2024-03-3108730304core:LandBuildings2024-03-3108730304core:PlantMachinery2024-03-3108730304core:Vehicles2024-03-3108730304core:FurnitureFittings2024-03-3108730304core:OfficeEquipment2024-03-3108730304core:AfterOneYear2024-03-3108730304core:WithinOneYear2024-03-3108730304core:ListedExchangeTraded2024-03-3108730304core:UnlistedNon-exchangeTraded2024-03-3108730304core:ShareCapital2024-03-3108730304core:SharePremium2024-03-3108730304core:RevaluationReserve2024-03-3108730304core:OtherReservesSubtotal2024-03-3108730304core:RetainedEarningsAccumulatedLosses2024-03-3108730304core:NetGoodwill2023-03-2608730304core:IntangibleAssetsOtherThanGoodwill2023-03-2608730304core:LandBuildings2023-03-2608730304core:PlantMachinery2023-03-2608730304core:Vehicles2023-03-2608730304core:FurnitureFittings2023-03-2608730304core:OfficeEquipment2023-03-2608730304core:AfterOneYear2023-03-2608730304core:WithinOneYear2023-03-2608730304core:ListedExchangeTraded2023-03-2608730304core:UnlistedNon-exchangeTraded2023-03-2608730304core:ShareCapital2023-03-2608730304core:SharePremium2023-03-2608730304core:RevaluationReserve2023-03-2608730304core:OtherReservesSubtotal2023-03-2608730304core:RetainedEarningsAccumulatedLosses2023-03-2608730304core:NetGoodwill2022-03-2808730304core:IntangibleAssetsOtherThanGoodwill2022-03-2808730304core:LandBuildings2022-03-2808730304core:PlantMachinery2022-03-2808730304core:Vehicles2022-03-2808730304core:FurnitureFittings2022-03-2808730304core:OfficeEquipment2022-03-2808730304core:AfterOneYear2022-03-2808730304core:WithinOneYear2022-03-2808730304core:ListedExchangeTraded2022-03-2808730304core:UnlistedNon-exchangeTraded2022-03-2808730304core:ShareCapital2022-03-2808730304core:SharePremium2022-03-2808730304core:RevaluationReserve2022-03-2808730304core:OtherReservesSubtotal2022-03-2808730304core:RetainedEarningsAccumulatedLosses2022-03-2808730304core:AfterOneYear2023-03-272024-03-3108730304core:WithinOneYear2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:CostValuation2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-272024-03-3108730304core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3108730304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3108730304core:Non-currentFinancialInstrumentscore:CostValuation2023-03-2608730304core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-2608730304core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-2608730304bus:Director12023-03-272024-03-3108730304bus:Director22023-03-272024-03-3108730304bus:Director32023-03-272024-03-3108730304core:FurnitureFittingsToolsEquipment2023-03-2608730304core:FurnitureFittingsToolsEquipment2023-03-272024-03-3108730304core:FurnitureFittingsToolsEquipment2024-03-31

BUNDOBUST LTD

Registered Number
08730304
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

BUNDOBUST LTD
Company Information
for the period from 27 March 2023 to 31 March 2024

Directors

BYNG, Thomas Francis Edmund
HUSAK, Mark Alexander
PATEL, Mayur Mohanbhai

Registered Address

6 Mill Hill
Leeds
LS1 5DQ

Registered Number

08730304 (England and Wales)
BUNDOBUST LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets311,683-
Tangible assets41,059,3121,161,072
1,070,9951,161,072
Current assets
Stocks84,45772,942
Debtors5242,118213,370
Cash at bank and on hand453,104837,105
779,6791,123,417
Creditors amounts falling due within one year6(942,985)(994,411)
Net current assets (liabilities)(163,306)129,006
Total assets less current liabilities907,6891,290,078
Creditors amounts falling due after one year7(264,919)(118,423)
Provisions for liabilities8(47,000)(135,800)
Net assets595,7701,035,855
Capital and reserves
Called up share capital111111
Share premium250,009250,009
Profit and loss account345,650785,735
Shareholders' funds595,7701,035,855
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:
PATEL, Mayur Mohanbhai
Director
Registered Company No. 08730304
BUNDOBUST LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Interest income
Interest income is recognised using the effective interest rate method.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. The useful life of the intangible asset is 5 years, and is amortised on a straight line basis.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings5
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Government grants or assistance
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Income Statement at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Income Statement in the same period as the related expenditure.
2.Average number of employees

20242023
Average number of employees during the year135103
3.Intangible assets

Other

Total

££
Cost or valuation
Additions12,50012,500
At 31 March 2412,50012,500
Amortisation and impairment
Charge for year817817
At 31 March 24817817
Net book value
At 31 March 2411,68311,683
At 26 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 27 March 231,670,018258,02020,450819,40627,3572,795,251
Additions314,160--81,4351,629397,224
At 31 March 241,984,178258,02020,450900,84128,9863,192,475
Depreciation and impairment
At 27 March 23805,888126,83619,428666,43715,5901,634,179
Charge for year372,64052,5961,02267,7304,996498,984
At 31 March 241,178,528179,43220,450734,16720,5862,133,163
Net book value
At 31 March 24805,65078,588-166,6748,4001,059,312
At 26 March 23864,130131,1841,022152,96911,7671,161,072
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,8251,140
Other debtors108,633102,385
Prepayments and accrued income130,660109,845
Total242,118213,370
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables389,687359,186
Bank borrowings and overdrafts131,250100,000
Taxation and social security329,066275,722
Finance lease and HP contracts-118,333
Other creditors14,04778,582
Accrued liabilities and deferred income78,93562,588
Total942,985994,411
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Included within bank borrowings and overdrafts, due within one year, is an amount of £50,000 (2023: £50,000) which relates to the CBILS bank loan which is secured by a government backed guarantee. The remainder of the bank loan is secured by a legal charge over the company assets.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts264,919118,423
Total264,919118,423
Included within bank borrowings and overdrafts, due over one year, is an amount of £58,334 (2023: £112,500) which relates to the CBILS bank loan which is secured by a government backed guarantee. The remainder of the bank loan is secured by a legal charge over the company assets.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)47,000135,800
Total47,000135,800
9.Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
10.Capital commitments
At the reporting date the company had capital commitments contracted for but not provided for in these financial statements of £Nil (2023: £251,448).
11.Pension commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £6,827 (2023: £3,498) were due to the fund. They are included in other creditors.
12.Operating lease commitments
At 31st March 2024 the company had future minimum lease payments under non-cancellable operating leases of £2,692,417 (2023: £3,013,917).
13.Related party transactions
During the year the directors had a loan account with the company. At the balance sheet date, the directors owed the company £76,399 (2023: £74,522). This balance is shown in other debtors.