1 June 2022 false No description of principal activity Taxfiler 2023.11.1 12019505business:PrivateLimitedCompanyLtd2022-06-012023-05-31 120195052022-05-31 120195052022-06-012023-05-31 12019505business:AuditExemptWithAccountantsReport2022-06-012023-05-31 12019505business:AbridgedAccounts2022-06-012023-05-31 120195052023-05-31 120195052022-05-31 12019505core:WithinOneYear2023-05-31 12019505core:WithinOneYear2022-05-31 12019505core:AfterOneYear2023-05-31 12019505core:AfterOneYear2022-05-31 12019505core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 12019505core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 12019505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 12019505core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 12019505core:PreviouslyStatedAmount2023-05-31 12019505core:PreviouslyStatedAmount2022-05-31 12019505business:SmallEntities2022-06-012023-05-31 12019505business:Director12022-06-012023-05-31 12019505countries:EnglandWales2022-06-012023-05-31 12019505business:RegisteredOffice2022-06-012023-05-31 12019505core:PlantMachinery2022-06-012023-05-31 12019505core:MotorVehicles2022-06-012023-05-31 12019505core:FurnitureFittings2022-06-012023-05-31 12019505core:ComputerEquipment2022-06-012023-05-31 12019505business:OrdinaryShareClass12022-06-012023-05-31 12019505business:OrdinaryShareClass12021-06-012022-05-31 12019505business:OrdinaryShareClass22022-06-012023-05-31 12019505business:OrdinaryShareClass22021-06-012022-05-31 12019505business:OrdinaryShareClass32022-06-012023-05-31 12019505business:OrdinaryShareClass32021-06-012022-05-31 12019505business:AllOrdinaryShares2022-06-012023-05-31 12019505business:AllOrdinaryShares2021-06-012022-05-31 120195052021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12019505 (England and Wales)
BURLEY INTERIORS LTD Unaudited accounts for the year ended 31 May 2023
BURLEY INTERIORS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
100,387 
46,382 
Current assets
Inventories
(136,045)
- 
Debtors
113,412 
65,337 
Cash at bank and in hand
149,146 
33,103 
126,513 
98,440 
Creditors: amounts falling due within one year
(118,398)
(99,587)
Net current assets/(liabilities)
8,115 
(1,147)
Total assets less current liabilities
108,502 
45,235 
Creditors: amounts falling due after more than one year
(16,666)
(30,324)
Provisions for liabilities
Deferred tax
(19,756)
(8,813)
Net assets
72,080 
6,098 
Capital and reserves
Called up share capital
4 
2 
Profit and loss account
72,076 
6,096 
Shareholders' funds
72,080 
6,098 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2023 and were signed on its behalf by
J P North Director Company Registration No. 12019505
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BURLEY INTERIORS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
BURLEY INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12019505. The registered office is 38-40 Station Road, Burley in Wharfedale, ILKLEY, West Yorkshire, LS29 7NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%/25% Reducing Balance
Motor vehicles
25.00% Reducing Balance
Fixtures & fittings
20.00% Straight Line
Computer equipment
33.33% Straight Line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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BURLEY INTERIORS LTD Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
73,979 
Additions
76,721 
Disposals
(17,750)
At 31 May 2023
132,950 
Depreciation
At 1 June 2022
27,597 
Charge for the year
16,477 
On disposals
(11,511)
At 31 May 2023
32,563 
Net book value
At 31 May 2023
100,387 
At 31 May 2022
46,382 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
1 A Ordinary shares of £1 each
1 
- 
1 B Ordinary shares of £1 each
1 
- 
4 
2 
Shares issued during the period:
1 A Ordinary shares of £1 each
1 
1 B Ordinary shares of £1 each
1 
2 
6
Transactions with related parties
Burley Interiors Ltd is controlled by Mr J P North and Mr L J Roche During the year the company paid dividends on ordinary shares of £42,900 (2022 - £24,600).
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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