Burke Brothers Ltd NI676431 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Construction of domestic buildings Digita Accounts Production Advanced 6.30.9574.0 true NI676431 2022-03-01 2023-02-28 NI676431 2023-02-28 NI676431 bus:OrdinaryShareClass1 2023-02-28 NI676431 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 NI676431 core:LandBuildings 2023-02-28 NI676431 bus:SmallEntities 2022-03-01 2023-02-28 NI676431 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 NI676431 bus:FullAccounts 2022-03-01 2023-02-28 NI676431 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI676431 bus:RegisteredOffice 2022-03-01 2023-02-28 NI676431 bus:Director3 2022-03-01 2023-02-28 NI676431 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 NI676431 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI676431 core:Land 2022-03-01 2023-02-28 NI676431 core:LandBuildings 2022-03-01 2023-02-28 NI676431 countries:NorthernIreland 2022-03-01 2023-02-28 NI676431 2022-02-28 NI676431 core:LandBuildings 2022-02-28 NI676431 2021-02-11 2022-02-28 NI676431 2022-02-28 NI676431 bus:OrdinaryShareClass1 2022-02-28 NI676431 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 NI676431 core:LandBuildings 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI676431

Burke Brothers Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Burke Brothers Ltd

(Registration number: NI676431)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

76,551

Current assets

 

Cash at bank and in hand

 

70,781

2,890

Creditors: Amounts falling due within one year

5

(23,081)

(79,324)

Net current assets/(liabilities)

 

47,700

(76,434)

Net assets

 

47,700

117

Capital and reserves

 

Called up share capital

6

120

120

Retained earnings

47,580

(3)

Shareholders' funds

 

47,700

117

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 October 2023 and signed on its behalf by:
 

.........................................
Mr Barry Burke
Director

 

Burke Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 106 Kilrea Road, Portglenone, Ballymena, BT44 8JL.

These financial statements were authorised for issue by the Board on 16 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Burke Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

Nil

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Burke Brothers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2022

76,551

76,551

Disposals

(76,551)

(76,551)

At 28 February 2023

-

-

Carrying amount

At 28 February 2023

-

-

At 28 February 2022

76,551

76,551

Included within the net book value of land and buildings above is £Nil (2022 - £76,551) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Directors current account

11,919

79,324

Other creditors

11,162

-

23,081

79,324

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

120

120

120

120