Company Registration No. 09584954 (England and Wales)
B&X Construction Ltd
Unaudited accounts
for the year ended 31 May 2023
B&X Construction Ltd
Unaudited accounts
Contents
B&X Construction Ltd
Company Information
for the year ended 31 May 2023
Company Number
09584954 (England and Wales)
Registered Office
UNIT 17 ALLIANCE COURT
ALLIANCE ROAD
ACTON
LONDON
W3 0RB
ENGLAND
B&X Construction Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
132,634
99,144
Cash at bank and in hand
2,198,643
940,110
Creditors: amounts falling due within one year
(717,332)
(446,724)
Net current assets
2,045,482
1,300,352
Net assets
2,178,116
1,399,496
Called up share capital
4
4
Profit and loss account
2,178,112
1,399,492
Shareholders' funds
2,178,116
1,399,496
For the year ending 31 May 2023 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 24 November 2023 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 2023
B&X Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 09584954. The registered office is UNIT 17 ALLIANCE COURT, ALLIANCE ROAD, ACTON, LONDON, W3 0RB, ENGLAND.
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 2023
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2022
243,100
4,162
247,262
At 31 May 2023
309,748
4,162
313,910
At 1 June 2022
143,957
4,161
148,118
Charge for the year
33,158
-
33,158
At 31 May 2023
177,115
4,161
181,276
At 31 May 2023
132,633
1
132,634
At 31 May 2022
99,143
1
99,144
Amounts falling due within one year
Trade debtors
540,387
290,656
Other debtors
23,784
516,310
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
79,675
75,256
Taxes and social security
480,079
270,189
Other creditors
7,083
(488)
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 7 (2022: 7).