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REGISTERED NUMBER: 03482453 (England and Wales)















Burnham Plastering & Dry Lining Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Burnham Plastering & Dry Lining Limited (Registered number: 03482453)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Burnham Plastering & Dry Lining Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: J Spence
S H Spence
L J Dean



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 03482453 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Santander UK plc
Bridle Road
Bootle
Merseyside
L30 4GB

Burnham Plastering & Dry Lining Limited (Registered number: 03482453)

Abridged Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 102,143 63,923

CURRENT ASSETS
Stocks 455,996 510,731
Debtors 2,590,269 2,641,636
Cash at bank 957,760 1,097,119
4,004,025 4,249,486
CREDITORS
Amounts falling due within one year 1,179,374 1,438,779
NET CURRENT ASSETS 2,824,651 2,810,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,926,794

2,874,630

PROVISIONS FOR LIABILITIES 23,974 11,186
NET ASSETS 2,902,820 2,863,444

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,902,620 2,863,244
SHAREHOLDERS' FUNDS 2,902,820 2,863,444

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

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

Burnham Plastering & Dry Lining Limited (Registered number: 03482453)

Abridged Statement of Financial Position - continued
31 July 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 March 2024 and were signed on its behalf by:





J Spence - Director


Burnham Plastering & Dry Lining Limited (Registered number: 03482453)

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

1. STATUTORY INFORMATION

Burnham Plastering & Dry Lining 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance and 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 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Burnham Plastering & Dry Lining Limited (Registered number: 03482453)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 28 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 181,481
Additions 71,381
Disposals (24,495 )
At 31 July 2023 228,367
DEPRECIATION
At 1 August 2022 117,558
Charge for year 24,097
Eliminated on disposal (15,431 )
At 31 July 2023 126,224
NET BOOK VALUE
At 31 July 2023 102,143
At 31 July 2022 63,923

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 85,362 54,792
Between one and five years 117,292 70,806
202,654 125,598

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
J Spence
Balance outstanding at start of year 605,963 (11,315 )
Amounts advanced 285,326 617,278
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 891,289 605,963

Burnham Plastering & Dry Lining Limited (Registered number: 03482453)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Spence & Mr S H Spence.

The above shareholders controlled the company during the current and previous period, by virtue of the fact that they own all of the company's issued share capital.