Company Registration No. 07753697 (England and Wales)
BUSHI CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 August 2019
BUSHI CONSTRUCTION LTD
Unaudited accounts
Contents
BUSHI CONSTRUCTION LTD
Company Information
for the year ended 31 August 2019
Company Number
07753697 (England and Wales)
Registered Office
28D PLASHET ROAD
LONDON
E13 0PU
UNITED KINGDOM
Accountants
Major's Accounts & Co Ltd
118 Sydenham Road
Sydenham
London
SE26 5JX
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
BUSHI CONSTRUCTION LTD
for the year ended 31 August 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BUSHI CONSTRUCTION LTD for the year ended
31 August 2019 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of BUSHI CONSTRUCTION LTD, as a body, in accordance with the terms of our engagement letter dated 16 February 2016. Our work has been undertaken solely to prepare for your approval the accounts of BUSHI CONSTRUCTION LTD and state those matters that we have agreed to state to the Board of Directors of BUSHI CONSTRUCTION LTD, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BUSHI CONSTRUCTION LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BUSHI CONSTRUCTION LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BUSHI CONSTRUCTION LTD. You consider that BUSHI CONSTRUCTION LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BUSHI CONSTRUCTION LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Major's Accounts & Co Ltd
Chartered Certified Accountants
118 Sydenham Road
Sydenham
London
SE26 5JX
15 June 2020
BUSHI CONSTRUCTION LTD
Statement of financial position
as at
31 August 2019
Cash at bank and in hand
1,863
6,319
Creditors: amounts falling due within one year
(16,625)
(16,307)
Net current (liabilities)/assets
(1,443)
435
Called up share capital
1
1
Profit and loss account
360
434
Shareholders' funds
361
435
For the year ending 31 August 2019 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 15 June 2020 and were signed on its behalf by
Mahir Jashari
Director
Company Registration No. 07753697
BUSHI CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 August 2019
BUSHI CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 07753697. The registered office is 28D PLASHET ROAD, LONDON, E13 0PU, UNITED KINGDOM.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
18% reducing balance method
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
BUSHI CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 August 2019
Other debtors
13,319
9,323
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
14,345
6,357
Loans from directors
-
7,944
7
Share capital
2019
2018
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 2 (2018: 4).