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REGISTERED NUMBER: 05225561 (England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2021 TO 30 APRIL 2022

FOR

BUN SYMES CONTRACTING LIMITED

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUN SYMES CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022







DIRECTOR: Mr R B D Symes





REGISTERED OFFICE: Werrar Farm
Stag Lane
Newport
Isle of Wight
PO30 5TU





REGISTERED NUMBER: 05225561 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

BALANCE SHEET
30 APRIL 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 19,791 20,978
Tangible assets 5 173,131 257,077
Investments 6 1,159 1,159
194,081 279,214

CURRENT ASSETS
Stocks 40,100 43,800
Debtors 7 141,493 307,025
181,593 350,825
CREDITORS
Amounts falling due within one year 8 256,539 314,416
NET CURRENT (LIABILITIES)/ASSETS (74,946 ) 36,409
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,135

315,623

CREDITORS
Amounts falling due after more than one
year

9

(56,440

)

(164,572

)

PROVISIONS FOR LIABILITIES (27,794 ) (43,265 )
NET ASSETS 34,901 107,786

CAPITAL AND RESERVES
Called up share capital 11 20 20
Retained earnings 34,881 107,766
SHAREHOLDERS' FUNDS 34,901 107,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

BALANCE SHEET - continued
30 APRIL 2022


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2022 and were signed by:





Mr R B D Symes - Director


BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022


1. STATUTORY INFORMATION

Bun Symes Contracting 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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 period 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.

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2021
and 30 April 2022 47,500
AMORTISATION
At 1 November 2021 25,334
Amortisation for period 2,375
At 30 April 2022 27,709
NET BOOK VALUE
At 30 April 2022 19,791
At 31 October 2021 22,166

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 November 2021 1,142,892 39,052 1,181,944
Additions 30,935 10,001 40,936
Disposals (160,000 ) - (160,000 )
At 30 April 2022 1,013,827 49,053 1,062,880
DEPRECIATION
At 1 November 2021 861,712 34,318 896,030
Charge for period 47,900 1,779 49,679
Eliminated on disposal (55,960 ) - (55,960 )
At 30 April 2022 853,652 36,097 889,749
NET BOOK VALUE
At 30 April 2022 160,175 12,956 173,131
At 31 October 2021 281,180 4,734 285,914

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 November 2021 385,076
Disposals (160,000 )
Transfer to ownership (20,550 )
At 30 April 2022 204,526
DEPRECIATION
At 1 November 2021 171,040
Charge for period 14,326
Eliminated on disposal (55,960 )
Transfer to ownership (6,068 )
At 30 April 2022 123,338
NET BOOK VALUE
At 30 April 2022 81,188
At 31 October 2021 214,036

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022


6. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
At 1 November 2021
and 30 April 2022 1,159
NET BOOK VALUE
At 30 April 2022 1,159
At 31 October 2021 1,159

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 115,212 277,693
Other debtors 7,377 7,377
Directors' current accounts 9,454 -
Tax - 6,952
Prepayments 9,450 15,003
141,493 307,025

Other debtors consist of an amount due from Black Dog Biogas Limited, a company of which Mr Symes is a director, of £7,377 (2021: £7,377).

The overdrawn directors loan account has been repaid since the year-end.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Bank loans and overdrafts (see note 10) 66,494 19,227
Other loans (see note 10) 11,964 39,478
Hire purchase contracts 9,058 50,642
Trade creditors 115,481 110,116
Tax 13,569 20,296
Social security and other taxes 3,847 17,845
VAT 20,919 50,768
Other creditors 11,747 2,239
Directors' current accounts - 163
Accrued expenses 3,460 3,642
256,539 314,416

Other creditors consists of amount due to credit card company £11,747 (2021: £nil) and pension contributions due of £nil (2021: £73).

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2021 TO 30 APRIL 2022


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£ £
Bank loans (see note 10) 56,440 67,656
Hire purchase contracts - 96,916
56,440 164,572

10. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 48,717 2,352
Bank loans 17,777 16,875
Other loans 11,964 39,478
78,458 58,705

Amounts falling due between two and five years:
Bank loans - 2-5 years 56,440 67,656

11. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
10 Ordinary A £1 10 10
6 Ordinary B £1 6 6
4 Ordinary C £1 4 4
20 20

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R B D Symes, by virtue of his majority shareholdings.