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REGISTERED NUMBER: 02256733 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED
T/A
BURROUGHS

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

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


ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED
T/A BURROUGHS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: A C Burroughs
A P Burroughs
P O Burroughs
L P O'Brien





SECRETARY: L P O'Brien





REGISTERED OFFICE: 4 Radnor Court
256 Cowbridge Road East
Cardiff
CF5 1GZ





REGISTERED NUMBER: 02256733 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,950 74,970

CURRENT ASSETS
Debtors 5 1,399,602 1,598,602
Cash at bank and in hand 1,370,494 690,994
2,770,096 2,289,596
CREDITORS
Amounts falling due within one year 6 1,134,662 1,018,382
NET CURRENT ASSETS 1,635,434 1,271,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,714,384

1,346,184

CREDITORS
Amounts falling due after more than one
year

7

(14,805

)

(126,324

)

PROVISIONS FOR LIABILITIES (19,325 ) (18,238 )
NET ASSETS 1,680,254 1,201,622

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,680,154 1,201,522
SHAREHOLDERS' FUNDS 1,680,254 1,201,622

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

BALANCE SHEET - continued
31 MAY 2023


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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





L P O'Brien - Director


ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Alistair Burroughs Design Partnership 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.

Turnover
Turnover represents the fair value of services provided during the year on client assignments. Turnover is recognised as contract activity progresses and the right to consideration earned.

In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced and adjusted for those invoiced but relating to next year, and is recognised by reference to the stage of project completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost and 25% on cost
Fixtures and fittings - 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Corporation tax due is recognised as 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 at the balance sheet date 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.

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rentals payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2022 242,896 98,177 341,073
Additions 18,734 5,711 24,445
At 31 May 2023 261,630 103,888 365,518
DEPRECIATION
At 1 June 2022 221,253 44,850 266,103
Charge for year 11,556 8,909 20,465
At 31 May 2023 232,809 53,759 286,568
NET BOOK VALUE
At 31 May 2023 28,821 50,129 78,950
At 31 May 2022 21,643 53,327 74,970

Included in the above are assets on Hire Purchase with a Net Book Value carried forward of £25,892 (2022 - £30,461).

ALISTAIR BURROUGHS DESIGN PARTNERSHIP
LIMITED (REGISTERED NUMBER: 02256733)
T/A BURROUGHS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 737,809 1,227,331
Amounts recoverable on contracts 262,408 151,458
Other debtors 399,385 219,813
1,399,602 1,598,602

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 80,000 80,000
Finance leases 31,519 35,670
Trade creditors 571,433 546,150
Taxation and social security 382,188 288,959
Other creditors 69,522 67,603
1,134,662 1,018,382

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 6,667 86,667
Finance leases 8,138 39,657
14,805 126,324

8. RELATED PARTY DISCLOSURES

During the year, the following trading transactions took place with Burroughs Stewart Associates Limited (BSA Ltd), a company under common control:

Sales made to BSA Ltd and included in turnover for the year: £233,532 (2022 - £175,331)
Amounts owed by BSA Ltd at Balance Sheet date (net of bad debt provision) and included in trade debtors: £116,669 (2022 - £356,734)

Sub-consultancy fees charged by BSA Ltd and included in sub-consultants costs for the year: £8,961 (2022 - £Nil)
Amounts owed to BSA Ltd at Balance Sheet date and included in trade creditors and accruals: £51,133 (2022 - £40,380)