Company Registration No. 09584954 (England and Wales)
B&X CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 May 2019
B&X CONSTRUCTION LTD
Unaudited accounts
Contents
B&X CONSTRUCTION LTD
Company Information
for the year ended 31 May 2019
Company Number
09584954 (England and Wales)
Registered Office
SUITE 24 SPACE HOUSE BUSINESS CENTRE
ABBEY ROAD
LONDON
NW10 7SU
UNITED KINGDOM
Accountants
Accounts and Legal Consultants Limited
Suite 1-3
The Hop Exchange
24 Southwark Street
London
SE1 1TY
B&X CONSTRUCTION LTD
Statement of financial position
as at
31 May 2019
Tangible assets
77,847
29,639
Cash at bank and in hand
273,377
222,499
Creditors: amounts falling due within one year
(290,356)
(223,979)
Net current assets
564,953
339,420
Net assets
642,800
369,059
Called up share capital
1
1
Profit and loss account
642,799
369,058
Shareholders' funds
642,800
369,059
For the year ending 31 May 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.
Approved by the Board on 25 February 2020.
Roberto Kokaj
Director
Company Registration No. 09584954
B&X CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 May 2019
B&X CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 09584954. The registered office is SUITE 24 SPACE HOUSE BUSINESS CENTRE, ABBEY ROAD, LONDON, NW10 7SU, 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.
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 2019
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2018
35,800
4,162
39,962
Additions
74,614
-
74,614
At 31 May 2019
110,414
4,162
114,576
At 1 June 2018
8,950
1,373
10,323
Charge for the year
25,366
1,040
26,406
At 31 May 2019
34,316
2,413
36,729
At 31 May 2019
76,098
1,749
77,847
At 31 May 2018
26,850
2,789
29,639
Trade debtors
543,660
333,494
Other debtors
38,272
7,406
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
38,225
19,714
Taxes and social security
240,368
200,603
Other creditors
8,763
3,661
7
Average number of employees
During the year the average number of employees was 5 (2018: 5).