Registered number
05460739
Butler Toll Limited
Filleted Accounts
30 September 2023
Butler Toll Limited
Registered number: 05460739
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 3,897 -
Tangible assets 4 10,161 10,026
Investments 5 20 20
14,078 10,046
Current assets
Debtors 6 632,573 695,057
Creditors: amounts falling due within one year 7 (101,879) (188,368)
Net current assets 530,694 506,689
Total assets less current liabilities 544,772 516,735
Creditors: amounts falling due after more than one year 8 (30,054) (36,577)
Provisions for liabilities 7 (10,000) (10,000)
Net assets 504,717 470,159
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 494,717 460,159
Shareholders' funds 504,717 470,159
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R H Butler A Westall J P Flindall
Director Director Director
Approved by the board on 23 November 2023
Butler Toll Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings Freehold
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
The Company operates a defined contribution plan 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 recongnised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 11 12
3 Intangible fixed assets £
Goodwill:
Cost
Additions 5,846
At 30 September 2023 5,846
Amortisation
Provided during the year 1,949
At 30 September 2023 1,949
Net book value
At 30 September 2023 3,897
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 2,300 56,249 58,549
Additions - 7,067 7,067
At 30 September 2023 2,300 63,316 65,616
Depreciation
At 1 October 2022 2,300 46,223 48,523
Charge for the year - 6,932 6,932
At 30 September 2023 2,300 53,155 55,455
Net book value
At 30 September 2023 - 10,161 10,161
At 30 September 2022 - 10,026 10,026
5 Investments
Other
investments
£
Cost
At 1 October 2022 20
At 30 September 2023 20
6 Debtors 2023 2022
£ £
Trade debtors - 3,293
Amounts owed by group undertakings and undertakings in which the company has a participating interest 489,034 533,100
Prepayments and accrued income 142,607 157,172
Other debtors 932 1,492
632,573 695,057
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 26,606 75,737
Trade creditors 10,775 7,847
Taxation and social security costs 41,415 58,151
Creditors: Accruals and deferred income 23,083 46,631
Other creditors - 1
101,879 188,368
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 30,054 36,577
9 Provisions for liabilities 2023 2022
£ £
Policy Servicing Provision 10,000 10,000
10,000 10,000
10 Related party transactions
Butler Toll Limited and Butler Toll Services Limited are subsidiaries of the Butler Toll Holdings group.
The company incurred charges of £27,000 (2022: £24,000) from Butler Toll Services.
At 30 September 2023, the company was owed £236,832 (2022: £282,793) by Butler Toll Services Limited having written down a further £25,000 during the year (2022: £25,000) and was owed £252,202 (2022: £250,307) from Butler Toll Holdings Limited. The balance owing at the balance sheet date is included within Debtors . The loan is interest free and repayable upon demand.
The company paid salaries to the directors of £225,400 (2022: £217,833).
11 Controlling party
Butler Toll Holdings Limited is the immediate controlling party.
12 Other information
Butler Toll Limited is a private company limited by shares and incorporated in England. Its registered office is:
62 Shrivenham Hundred Business Park
Majors Road
Shrivenham
Wilts
SN6 8TY
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