2 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 100,000 100,000 xbrli:pure xbrli:shares iso4217:GBP 04354575 2022-02-01 2023-01-31 04354575 2023-01-31 04354575 2022-01-31 04354575 2021-02-01 2022-01-31 04354575 2022-01-31 04354575 2021-01-31 04354575 core:NetGoodwill 2022-02-01 2023-01-31 04354575 core:FurnitureFittings 2022-02-01 2023-01-31 04354575 bus:Director2 2022-02-01 2023-01-31 04354575 bus:Director1 2022-02-01 2023-01-31 04354575 core:NetGoodwill 2023-01-31 04354575 core:FurnitureFittings 2022-01-31 04354575 core:LandBuildings 2023-01-31 04354575 core:FurnitureFittings 2023-01-31 04354575 core:WithinOneYear 2023-01-31 04354575 core:WithinOneYear 2022-01-31 04354575 core:ShareCapital 2023-01-31 04354575 core:ShareCapital 2022-01-31 04354575 core:RetainedEarningsAccumulatedLosses 2023-01-31 04354575 core:RetainedEarningsAccumulatedLosses 2022-01-31 04354575 core:CostValuation core:Non-currentFinancialInstruments 2022-01-31 04354575 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 04354575 core:Non-currentFinancialInstruments 2023-01-31 04354575 core:Non-currentFinancialInstruments 2022-01-31 04354575 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-01-31 04354575 core:LandBuildings 2022-01-31 04354575 core:FurnitureFittings 2022-01-31 04354575 bus:Director1 2022-01-31 04354575 bus:Director1 2023-01-31 04354575 bus:Director2 2022-01-31 04354575 bus:Director2 2023-01-31 04354575 bus:Director1 2021-01-31 04354575 bus:Director1 2022-01-31 04354575 bus:Director2 2021-01-31 04354575 bus:Director2 2022-01-31 04354575 bus:Director1 2021-02-01 2022-01-31 04354575 bus:Director2 2021-02-01 2022-01-31 04354575 bus:SmallEntities 2022-02-01 2023-01-31 04354575 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 04354575 bus:FullAccounts 2022-02-01 2023-01-31 04354575 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 04354575 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
COMPANY REGISTRATION NUMBER: 04354575
S & K Butterfield Limited
Filleted Unaudited Financial Statements
31 January 2023
S & K Butterfield Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
73,172
73,896
Investments
7
1
100,501
-----------
-----------
73,173
174,397
Current assets
Debtors
8
1,533
5,401
Cash at bank and in hand
222,857
29,784
-----------
-----------
224,390
35,185
Creditors: amounts falling due within one year
9
( 23,416)
( 6,519)
-----------
-----------
Net current assets
200,974
28,666
-----------
-----------
Total assets less current liabilities
274,147
203,063
Provisions
Taxation including deferred tax
( 779)
( 917)
-----------
-----------
Net assets
273,368
202,146
-----------
-----------
Capital and reserves
Called up share capital
2
2
Profit and loss account
273,366
202,144
-----------
-----------
Shareholders funds
273,368
202,146
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
S & K Butterfield Limited
Statement of Financial Position (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 3 July 2023 , and are signed on behalf of the board by:
Mr S Butterfield
Director
Company registration number: 04354575
S & K Butterfield Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Vicarage, Croft Place, Kirkoswald, Penrith, Cumbria, CA10 1DQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 February 2022 and 31 January 2023
100,000
-----------
Amortisation
At 1 February 2022 and 31 January 2023
100,000
-----------
Carrying amount
At 31 January 2023
-----------
At 31 January 2022
-----------
6. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 February 2022 and 31 January 2023
69,071
15,697
84,768
-----------
-----------
-----------
Depreciation
At 1 February 2022
10,872
10,872
Charge for the year
724
724
-----------
-----------
-----------
At 31 January 2023
11,596
11,596
-----------
-----------
-----------
Carrying amount
At 31 January 2023
69,071
4,101
73,172
-----------
-----------
-----------
At 31 January 2022
69,071
4,825
73,896
-----------
-----------
-----------
7. Investments
Shares in group undertakings
Loans to group undertakings
Other investments other than loans
Total
£
£
£
£
Cost
At 1 February 2022
402
100,098
1
100,501
Disposals
( 402)
( 100,098)
(100,500)
-----------
-----------
-----------
-----------
At 31 January 2023
1
1
-----------
-----------
-----------
-----------
Impairment
At 1 February 2022 and 31 January 2023
-----------
-----------
-----------
-----------
Carrying amount
At 31 January 2023
1
1
-----------
-----------
-----------
-----------
At 31 January 2022
402
100,098
1
100,501
-----------
-----------
-----------
-----------
8. Debtors
2023
2022
£
£
Other debtors
1,533
5,401
-----------
-----------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,020
Corporation tax
22,228
2,552
Other creditors
1,188
947
-----------
-----------
23,416
6,519
-----------
-----------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K Butterfield
2,700
766
( 2,700)
766
Mr S Butterfield
2,701
767
( 2,701)
767
-----------
-----------
-----------
-----------
5,401
1,533
( 5,401)
1,533
-----------
-----------
-----------
-----------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K Butterfield
( 29)
2,730
2,701
Mr S Butterfield
( 30)
2,730
2,700
-----------
-----------
-----------
-----------
( 59)
5,460
5,401
-----------
-----------
-----------
-----------