Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31false2022-02-01design and construction of control systems6668truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 1091723 2022-02-01 2023-01-31 1091723 2021-02-01 2022-01-31 1091723 2023-01-31 1091723 2022-01-31 1091723 2021-02-01 1091723 c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 1091723 d:Director1 2022-02-01 2023-01-31 1091723 d:Director3 2022-02-01 2023-01-31 1091723 c:Buildings 2022-02-01 2023-01-31 1091723 c:Buildings 2022-01-31 1091723 c:Buildings c:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 1091723 c:Buildings c:LongLeaseholdAssets 2022-02-01 2023-01-31 1091723 c:PlantMachinery 2022-02-01 2023-01-31 1091723 c:PlantMachinery 2022-01-31 1091723 c:PlantMachinery c:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 1091723 c:MotorVehicles 2022-02-01 2023-01-31 1091723 c:MotorVehicles 2022-01-31 1091723 c:MotorVehicles c:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 1091723 c:FurnitureFittings 2022-02-01 2023-01-31 1091723 c:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 1091723 c:CurrentFinancialInstruments 2023-01-31 1091723 c:CurrentFinancialInstruments 2022-01-31 1091723 c:Non-currentFinancialInstruments 2023-01-31 1091723 c:Non-currentFinancialInstruments 2022-01-31 1091723 c:CurrentFinancialInstruments c:WithinOneYear 2023-01-31 1091723 c:CurrentFinancialInstruments c:WithinOneYear 2022-01-31 1091723 c:Non-currentFinancialInstruments c:AfterOneYear 2023-01-31 1091723 c:Non-currentFinancialInstruments c:AfterOneYear 2022-01-31 1091723 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2023-01-31 1091723 c:Non-currentFinancialInstruments c:BetweenOneTwoYears 2022-01-31 1091723 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2023-01-31 1091723 c:Non-currentFinancialInstruments c:BetweenTwoFiveYears 2022-01-31 1091723 c:ShareCapital 2023-01-31 1091723 c:ShareCapital 2022-01-31 1091723 c:CapitalRedemptionReserve 2023-01-31 1091723 c:CapitalRedemptionReserve 2022-01-31 1091723 c:RetainedEarningsAccumulatedLosses 2023-01-31 1091723 c:RetainedEarningsAccumulatedLosses 2022-01-31 1091723 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-01-31 1091723 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-01-31 1091723 d:OrdinaryShareClass1 2022-02-01 2023-01-31 1091723 d:OrdinaryShareClass1 2023-01-31 1091723 d:OrdinaryShareClass1 2022-01-31 1091723 d:OrdinaryShareClass2 2022-02-01 2023-01-31 1091723 d:OrdinaryShareClass2 2023-01-31 1091723 d:OrdinaryShareClass2 2022-01-31 1091723 d:OrdinaryShareClass3 2022-02-01 2023-01-31 1091723 d:OrdinaryShareClass3 2023-01-31 1091723 d:OrdinaryShareClass3 2022-01-31 1091723 d:OrdinaryShareClass4 2022-02-01 2023-01-31 1091723 d:OrdinaryShareClass4 2023-01-31 1091723 d:OrdinaryShareClass4 2022-01-31 1091723 d:OrdinaryShareClass5 2022-02-01 2023-01-31 1091723 d:OrdinaryShareClass5 2023-01-31 1091723 d:OrdinaryShareClass5 2022-01-31 1091723 d:FRS102 2022-02-01 2023-01-31 1091723 d:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 1091723 d:FullAccounts 2022-02-01 2023-01-31 1091723 d:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 1091723 c:Buildings c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 1091723 c:PlantMachinery c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 1091723 c:MotorVehicles c:PriorPeriodIncreaseDecrease 2022-02-01 2023-01-31 1091723 2 2022-02-01 2023-01-31 1091723 c:AcceleratedTaxDepreciationDeferredTax 2023-01-31 1091723 c:AcceleratedTaxDepreciationDeferredTax 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 1091723









BURNELL CONTROLS (KENT) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
BURNELL CONTROLS (KENT) LIMITED
REGISTERED NUMBER: 1091723

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
422,537
415,993

Current assets
  

Stocks
 5 
1,568,065
1,564,929

Debtors: amounts falling due within one year
 6 
1,179,847
1,041,177

Cash at bank and in hand
  
341,490
4,170

  
3,089,402
2,610,276

Creditors: amounts falling due within one year
 7 
(1,832,312)
(1,355,242)

Net current assets
  
 
 
1,257,090
 
 
1,255,034

Total assets less current liabilities
  
1,679,627
1,671,027

Creditors: amounts falling due after more than one year
 8 
(60,750)
(121,500)

Provisions for liabilities
  

Deferred tax
 10 
(86,604)
(64,666)

Other provisions
 11 
(100,000)
(100,000)

  
 
 
(186,604)
 
 
(164,666)

Net assets
  
1,432,273
1,384,861


Capital and reserves
  

Called up share capital 
 12 
100
100

Capital redemption reserve
  
5
5

Profit and loss account
  
1,432,168
1,384,756

  
1,432,273
1,384,861


Page 1

 
BURNELL CONTROLS (KENT) LIMITED
REGISTERED NUMBER: 1091723
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J J Sutherland Esq
L J Sutherland Esq
Director
Director


Date: 31 August 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

Burnell Controls (Kent) Limited is a private company incorporated in England and Wales. The address of the registered office can be found on the company information page of these financial statements. The principal activity of the company during the year was that of the design and construction of electrical control systems. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 3

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is provided on the following bases:

Short-term Leasehold Property
-
4%
straight line over term of lease
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within 'administration expenses' in the statement of comprehensive income.

 
2.4

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.8

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.9

Hire purchase and finance leases

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.10

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.13

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.14

Pensions

Defined contribution pension plan
The company operates defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plans are held separately from the company in independently administered funds.

 
2.15

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.16

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.17

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 66 (2022 - 68).


4.


Tangible fixed assets





Land and buildings
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 February 2022
127,624
515,449
379,448
1,022,521


Additions
-
-
108,793
108,793


Disposals
-
-
(18,745)
(18,745)



At 31 January 2023
127,624
515,449
469,496
1,112,569



Depreciation


At 1 February 2022
99,974
358,877
147,677
606,528


Charge for the year on owned assets
4,129
31,314
64,071
99,514


Disposals
-
-
(16,010)
(16,010)



At 31 January 2023
104,103
390,191
195,738
690,032



Net book value



At 31 January 2023
23,521
125,258
273,758
422,537



At 31 January 2022
27,650
156,572
231,771
415,993


5.


Stocks

2023
2022
£
£

Work in progress
1,568,065
1,564,929

1,568,065
1,564,929


Page 7

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
1,018,294
877,855

Other debtors
61,960
65,098

Prepayments and accrued income
99,593
98,224

1,179,847
1,041,177



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
106,224

Bank loans
60,750
60,750

Trade creditors
846,226
665,904

Corporation tax
84,856
88,775

Other taxation and social security
7,818
38,992

Other creditors
14,682
2,102

Accruals and deferred income
817,980
392,495

1,832,312
1,355,242


Secured loans
The bank loan and overdraft is secured by way of a fixed and floating charge over the company's assets. 


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
60,750
121,500

60,750
121,500


 

Page 8

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
60,750
60,750

Amounts falling due 1-2 years

Bank loans
60,750
60,750

Amounts falling due 2-5 years

Bank loans
-
60,750


121,500
182,250



10.


Deferred taxation




2023
2022


£

£






At beginning of year
(64,666)
(48,717)


(Charged)/credited to the profit or loss
(21,938)
(15,949)



At end of year
(86,604)
(64,666)

2023
2022
£
£


Accelerated capital allowances
(86,604)
(64,666)

(86,604)
(64,666)


11.


Provisions




Dilapidation provision

£





At 1 February 2022
100,000



At 31 January 2023
100,000

Page 9

 
BURNELL CONTROLS (KENT) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

12.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



500 (2022 - 500) Ordinary 'A' shares shares of £0.01 each
5
5
500 (2022 - 500) Ordinary 'B' shares shares of £0.01 each
5
5
3,500 (2022 - 3,500) Ordinary 'C' shares shares of £0.01 each
35
35
3,500 (2022 - 3,500) Ordinary 'D' shares shares of £0.01 each
35
35
2,000 (2022 - 2,000) Ordinary 'F' shares shares of £0.01 each
20
20

100

100



13.


Pension commitments

The company operates defined contribution pension schemes for the directors and employees. The assets are held separately from those of the company in independently administered funds. At the end of the year, contributions amounting to £1,199 (2022: £1,599) were outstanding and this balance is included within other creditors.

 
Page 10