1 August 2023 v2025.21.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4657242023-08-012024-07-31SC4657242024-07-31SC4657242023-07-31SC465724core:WithinOneYear2024-07-31SC465724core:WithinOneYear2023-07-31SC465724core:AfterOneYear2024-07-31SC465724core:AfterOneYear2023-07-31SC465724core:ShareCapital2024-07-31SC465724core:ShareCapital2023-07-31SC465724core:RetainedEarningsAccumulatedLosses2024-07-31SC465724core:RetainedEarningsAccumulatedLosses2023-07-31SC465724bus:Director12023-08-012024-07-31SC465724bus:RegisteredOffice2023-08-012024-07-31SC465724core:NetGoodwill2023-08-012024-07-31SC465724core:OfficeEquipment2023-08-012024-07-31SC465724core:FurnitureFittings2023-08-012024-07-31SC465724core:PlantMachinery2023-08-012024-07-31SC4657242022-08-012023-07-31SC465724core:NetGoodwill2024-07-31SC465724core:NetGoodwill2023-08-01SC465724core:NetGoodwill2023-07-31SC465724core:PlantMachinery2023-08-01SC465724core:PlantMachinery2024-07-31SC465724core:PlantMachinery2023-07-31SC46572412023-08-012024-07-31SC465724countries:Scotland2023-08-012024-07-31SC465724bus:AuditExemptWithAccountantsReport2023-08-012024-07-31SC465724bus:PrivateLimitedCompanyLtd2023-08-012024-07-31SC465724bus:SmallEntities2023-08-012024-07-31SC465724bus:FullAccounts2023-08-012024-07-31
Company registration number:
SC465724
BXY Trading Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2024
BXY Trading Ltd
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Intangible assets 5
6,000
 
8,000
 
Tangible assets 6
10,786
 
10,658
 
16,786
 
18,658
 
Current assets    
Stocks
26,100
 
25,600
 
Debtors 7
181,852
 
214,970
 
Cash at bank and in hand
25,289
 
53,269
 
233,241
 
293,839
 
Creditors: amounts falling due within one year 8
(120,907
)
(155,641
)
Net current assets
112,334
 
138,198
 
Total assets less current liabilities 129,120   156,856  
Creditors: amounts falling due after more than one year 9
(27,531
)
(33,160
)
Net assets
101,589
 
123,696
 
Capital and reserves    
Called up share capital
20,000
 
20,000
 
Profit and loss account
81,589
 
103,696
 
Shareholders funds
101,589
 
123,696
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 April 2025
, and are signed on behalf of the board by:
Z Yu
Director
Company registration number:
SC465724
BXY Trading Ltd
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
52 Port Street
,
Stirling
,
FK8 2LJ
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

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.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. .

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation..
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
15% straight line
Fixtures and fittings
15% straight line
Plant and machinery
15% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.

4 Average number of employees

The average number of persons employed by the company during the year was
13
(2023:
9.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 August 2023
and
31 July 2024
20,000
 
Amortisation  
At
1 August 2023
12,000
 
Charge
2,000
 
At
31 July 2024
14,000
 
Carrying amount  
At
31 July 2024
6,000
 
At 31 July 2023
8,000
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2023
20,893
 
Additions
3,750
 
At
31 July 2024
24,643
 
Depreciation  
At
1 August 2023
10,235
 
Charge
3,622
 
At
31 July 2024
13,857
 
Carrying amount  
At
31 July 2024
10,786
 
At 31 July 2023
10,658
 

7 Debtors

20242023
££
Trade debtors
9,016
 
10,701
 
Other debtors
172,836
 
204,269
 
181,852
 
214,970
 

8 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
5,655
 
5,635
 
Trade creditors
18,706
 
28,486
 
Taxation and social security
96,546
 
121,520
 
120,907
 
155,641
 

9 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
27,531
 
33,160