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REGISTERED NUMBER: 01269080 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

BUK Limited

BUK Limited (Registered number: 01269080)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Mroz
P G W Wells





SECRETARY:





REGISTERED OFFICE: Unit 46 Symonds Farm
Newmarket Road Risby
Bury St Edmunds
Suffolk
IP28 6RE





REGISTERED NUMBER: 01269080 (England and Wales)





AUDITORS: Shaw & Co (Norfolk) Ltd
Chartered Certified Accountants
Statutory Auditor
3 Colegate
Norwich
Norfolk
NR3 1BN

BUK Limited (Registered number: 01269080)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,105 49,470
Investments 5 2 2
28,107 49,472

CURRENT ASSETS
Stocks 783,692 1,104,645
Debtors 6 251,876 285,615
Cash at bank and in hand 33,675 7,960
1,069,243 1,398,220
CREDITORS
Amounts falling due within one year 7 671,944 612,289
NET CURRENT ASSETS 397,299 785,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,406

835,403

CREDITORS
Amounts falling due after more than
one year

8

(16,334

)

(47,165

)

PROVISIONS FOR LIABILITIES - (6,098 )
NET ASSETS 409,072 782,140

CAPITAL AND RESERVES
Called up share capital 432,432 432,432
Retained earnings (23,360 ) 349,708
409,072 782,140

BUK Limited (Registered number: 01269080)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





P G W Wells - Director


BUK Limited (Registered number: 01269080)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

BUK 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment - 20% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BUK Limited (Registered number: 01269080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 185,095 488,142 673,237
Additions - 3,842 3,842
At 31 December 2024 185,095 491,984 677,079
DEPRECIATION
At 1 January 2024 185,095 438,672 623,767
Charge for year - 25,207 25,207
At 31 December 2024 185,095 463,879 648,974
NET BOOK VALUE
At 31 December 2024 - 28,105 28,105
At 31 December 2023 - 49,470 49,470

BUK Limited (Registered number: 01269080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 2
NET BOOK VALUE
At 31 December 2024 2
At 31 December 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 175,233 249,077
Other debtors 76,643 36,538
251,876 285,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 323,857 277,912
Hire purchase contracts 2,832 3,399
Trade creditors 108,559 94,897
Taxation and social security 80,028 85,913
Other creditors 156,668 150,168
671,944 612,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 16,334 44,333
Hire purchase contracts - 2,832
16,334 47,165

BUK Limited (Registered number: 01269080)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Dominic Shaw (Senior Statutory Auditor)
for and on behalf of Shaw & Co (Norfolk) Ltd

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption under the terms of the Financial Reporting Standard 102 not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The immediate parent company is Paged Meble Sp Z.O.O. a company registered in Poland and the ultimate parent company is Thumos Capital Limited, a company incorporated in Cyprus. The group accounts of Thumos Capital Limited may be obtained from the Department of the Registrar of Companies and Official Receiver (D.E.G.O.R) of the Republic of Cyprus at Corner of Makarios Avenue and Karpenisiou Street, Nicosia 1427, Cyprus.