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REGISTERED NUMBER: 07024313 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Burridge - Oliver (Slating & Tiling)
Limited

Burridge - Oliver (Slating & Tiling)
Limited (Registered number: 07024313)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Burridge - Oliver (Slating & Tiling)
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J. Oliver
R. A. Burridge





REGISTERED OFFICE: Kempton Park Close
Ascot Drive
Derby
Derbyshire
DE24 8QB





REGISTERED NUMBER: 07024313 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
3 Charnwood Street
Derby
Derbyshire
DE1 2GY

Burridge - Oliver (Slating & Tiling)
Limited (Registered number: 07024313)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 143,547 85,299

CURRENT ASSETS
Stocks 125,569 94,010
Debtors 5 386,295 369,297
Cash at bank and in hand 272,752 175,252
784,616 638,559
CREDITORS
Amounts falling due within one year 6 660,649 548,545
NET CURRENT ASSETS 123,967 90,014
TOTAL ASSETS LESS CURRENT LIABILITIES 267,514 175,313

PROVISIONS FOR LIABILITIES 15,233 8,926
NET ASSETS 252,281 166,387

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 252,181 166,287
SHAREHOLDERS' FUNDS 252,281 166,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 May 2023 and were signed on its behalf by:




J. Oliver - Director



R. A. Burridge - Director


Burridge - Oliver (Slating & Tiling)
Limited (Registered number: 07024313)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Burridge - Oliver (Slating & Tiling) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

Burridge - Oliver (Slating & Tiling)
Limited (Registered number: 07024313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 147,632
Additions 102,621
Disposals (39,305 )
At 31 March 2023 210,948
DEPRECIATION
At 1 April 2022 62,333
Charge for year 27,955
Eliminated on disposal (22,887 )
At 31 March 2023 67,401
NET BOOK VALUE
At 31 March 2023 143,547
At 31 March 2022 85,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 341,337 325,088
Other debtors 44,958 44,209
386,295 369,297

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 4,688
Trade creditors 94,174 75,839
Amounts owed to associates 268,201 268,201
Taxation and social security 60,388 16,016
Other creditors 237,886 183,801
660,649 548,545

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 4,688

The assets subject to hire purchase contracts are secured on the assets in hand.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Burridge - Oliver (Slating & Tiling)
Limited (Registered number: 07024313)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount owed to Burridge Oliver (Holdings) Limited totalling £268,201. The company has common directors and shareholders. The monies owed are interest free and have no fixed repayment date.