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REGISTERED NUMBER: 03732485 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Burntwood Roadsweepers Limited

Burntwood Roadsweepers Limited (Registered number: 03732485)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Burntwood Roadsweepers Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S J Barnard
Mrs J Barnard





SECRETARY: Mrs J Barnard





REGISTERED OFFICE: 5B Plant Lane Business Park
Plant Lane
Burntwood
Staffordshire
WS7 3GN





REGISTERED NUMBER: 03732485 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Burntwood Roadsweepers Limited (Registered number: 03732485)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,341,435 1,871,580

CURRENT ASSETS
Stocks 9,640 -
Debtors 5 758,307 817,702
Cash at bank and in hand 1,093,700 478,934
1,861,647 1,296,636
CREDITORS
Amounts falling due within one year 6 (555,590 ) (502,486 )
NET CURRENT ASSETS 1,306,057 794,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,647,492

2,665,730

CREDITORS
Amounts falling due after more than one
year

7

(67,987

)

(142,395

)

PROVISIONS FOR LIABILITIES 10 (318,137 ) (277,853 )
NET ASSETS 2,261,368 2,245,482

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,261,366 2,245,480
SHAREHOLDERS' FUNDS 2,261,368 2,245,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Burntwood Roadsweepers Limited (Registered number: 03732485)

Balance Sheet - continued
31 May 2023


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 Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:





S J Barnard - Director


Burntwood Roadsweepers Limited (Registered number: 03732485)

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

1. STATUTORY INFORMATION

Burntwood Roadsweepers 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 as modified by the revaluation of certain assets.

There were no material departures from that standard

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.
Leasehold property improvement - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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 year 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 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.

Burntwood Roadsweepers Limited (Registered number: 03732485)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2022 - 50 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and
improvement machinery fittings
£    £    £   
COST OR VALUATION
At 1 June 2022 268,701 5,449,960 62,386
Additions - 3,500 -
Disposals - (160,550 ) -
At 31 May 2023 268,701 5,292,910 62,386
DEPRECIATION
At 1 June 2022 228,922 3,704,467 41,507
Charge for year 11,870 415,053 3,132
Eliminated on disposal - (71,707 ) -
At 31 May 2023 240,792 4,047,813 44,639
NET BOOK VALUE
At 31 May 2023 27,909 1,245,097 17,747
At 31 May 2022 39,779 1,745,493 20,879

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 June 2022 152,379 9,197 5,942,623
Additions - 1,306 4,806
Disposals - - (160,550 )
At 31 May 2023 152,379 10,503 5,786,879
DEPRECIATION
At 1 June 2022 91,544 4,603 4,071,043
Charge for year 15,210 843 446,108
Eliminated on disposal - - (71,707 )
At 31 May 2023 106,754 5,446 4,445,444
NET BOOK VALUE
At 31 May 2023 45,625 5,057 1,341,435
At 31 May 2022 60,835 4,594 1,871,580

Burntwood Roadsweepers Limited (Registered number: 03732485)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2023 is represented by:

Leasehold Fixtures
property Plant and and
improvement machinery fittings
£    £    £   
Valuation in 2011 (13,630 ) - -
Cost 282,331 5,292,910 62,386
268,701 5,292,910 62,386

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2011 - - (13,630 )
Cost 152,379 10,503 5,800,509
152,379 10,503 5,786,879

If Leasehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 282,331 282,331
Aggregate depreciation 265,791 253,921

As allowed by under the transition rules of FRS 102 1A, the directors have chosen to treat previously revalued leasehold property improvements as deemed cost and not revalue in future periods.

Included above are assets held under finance leases or hire purchase contracts as follows:
Plant and machinery net book value £89,933 (2022 - £119,911)

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 687,280 686,656
Amounts owed by group undertakings 33,028 -
Other debtors 37,999 131,046
758,307 817,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 82,439 82,439
Trade creditors 215,277 308,509
Amounts owed to group undertakings - 54,766
Taxation and social security 209,804 48,331
Other creditors 48,070 8,441
555,590 502,486

Burntwood Roadsweepers Limited (Registered number: 03732485)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 67,987 142,395

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 82,439 82,439
Between one and five years 67,987 142,395
150,426 224,834

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 150,426 224,834

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 318,137 277,853

Deferred
tax
£   
Balance at 1 June 2022 277,853
Charge to Profit and Loss Account during year 40,284
Balance at 31 May 2023 318,137

Burntwood Roadsweepers Limited (Registered number: 03732485)

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

11. RELATED PARTY DISCLOSURES

S J Barnard and J Barnard
Directors

The company trades from a property which is owned by the directors, for which rent is agreed on an annual basis. The amount charged in the current year was £69,993 (2022 - £69,503).

Chase Holdings Limited
Parent undertaking

During the year dividends were paid to the parent undertaking of £50,000 (2022 - £30,000)

During the year the company used fixed assets owned by the parent company for which no hire charge was made.

At the 31 May 2023 the balance due from the parent undertaking was £33,028 (2022 - Due to £54,766).

The amount owed from Chase Holdings Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Burntwood Roadsweepers Limited have given their assurance that the amount will not be demanded for repayment until such time as Chase Holdings Limited can afford to do so without detriment to its operating and working capital requirements.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Burntwood Roadsweepers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burntwood Roadsweepers Limited for the year ended 31 May 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Burntwood Roadsweepers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burntwood Roadsweepers Limited and state those matters that we have agreed to state to the Board of Directors of Burntwood Roadsweepers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burntwood Roadsweepers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Burntwood Roadsweepers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burntwood Roadsweepers Limited. You consider that Burntwood Roadsweepers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Burntwood Roadsweepers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


11 September 2023