Company Registration No. 09584954 (England and Wales)
B&X CONSTRUCTION LTD
Unaudited accounts
for the year ended 31 May 2021
B&X CONSTRUCTION LTD
Unaudited accounts
Contents
B&X CONSTRUCTION LTD
Company Information
for the year ended 31 May 2021
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 2021
Tangible assets
126,651
103,840
Cash at bank and in hand
133,238
985,161
Creditors: amounts falling due within one year
(283,481)
(432,306)
Net current assets
383,471
962,581
Net assets
510,122
1,066,421
Called up share capital
4
4
Profit and loss account
510,118
1,066,417
Shareholders' funds
510,122
1,066,421
For the year ending 31 May 2021 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 13 July 2021 and were signed on its behalf by
Arben Lleshi
Director
Company Registration No. 09584954
B&X CONSTRUCTION LTD
Notes to the Accounts
for the year ended 31 May 2021
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 2021
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
171,824
4,162
175,986
Additions
65,735
-
65,735
At 31 May 2021
237,559
4,162
241,721
At 1 June 2020
68,693
3,453
72,146
Charge for the year
42,216
708
42,924
At 31 May 2021
110,909
4,161
115,070
At 31 May 2021
126,650
1
126,651
At 31 May 2020
103,131
709
103,840
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
493,406
374,038
Other debtors
40,308
35,688
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
105,628
5,145
Taxes and social security
(11,187)
118,196
7
Share capital
2021
2020
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
8
Average number of employees
During the year the average number of employees was 9 (2020: 8).