Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31truetrue422022-06-01falseNo description of principal activity37The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04427035 2022-06-01 2023-05-31 04427035 2021-06-01 2022-05-31 04427035 2023-05-31 04427035 2022-05-31 04427035 c:Director1 2022-06-01 2023-05-31 04427035 c:Director1 2023-05-31 04427035 c:Director3 2022-06-01 2023-05-31 04427035 c:Director3 2023-05-31 04427035 d:Buildings 2022-06-01 2023-05-31 04427035 d:PlantMachinery 2022-06-01 2023-05-31 04427035 d:PlantMachinery 2023-05-31 04427035 d:PlantMachinery 2022-05-31 04427035 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04427035 d:MotorVehicles 2022-06-01 2023-05-31 04427035 d:MotorVehicles 2023-05-31 04427035 d:MotorVehicles 2022-05-31 04427035 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04427035 d:FurnitureFittings 2022-06-01 2023-05-31 04427035 d:FurnitureFittings 2023-05-31 04427035 d:FurnitureFittings 2022-05-31 04427035 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04427035 d:OfficeEquipment 2022-06-01 2023-05-31 04427035 d:OfficeEquipment 2023-05-31 04427035 d:OfficeEquipment 2022-05-31 04427035 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04427035 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 04427035 d:ComputerSoftware 2023-05-31 04427035 d:ComputerSoftware 2022-05-31 04427035 d:CurrentFinancialInstruments 2023-05-31 04427035 d:CurrentFinancialInstruments 2022-05-31 04427035 d:Non-currentFinancialInstruments 2023-05-31 04427035 d:Non-currentFinancialInstruments 2022-05-31 04427035 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04427035 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 04427035 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04427035 d:Non-currentFinancialInstruments d:AfterOneYear 2022-05-31 04427035 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 04427035 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-05-31 04427035 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 04427035 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-05-31 04427035 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 04427035 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-05-31 04427035 d:ShareCapital 2023-05-31 04427035 d:ShareCapital 2022-05-31 04427035 d:RetainedEarningsAccumulatedLosses 2023-05-31 04427035 d:RetainedEarningsAccumulatedLosses 2022-05-31 04427035 c:OrdinaryShareClass1 2022-06-01 2023-05-31 04427035 c:OrdinaryShareClass1 2023-05-31 04427035 c:OrdinaryShareClass1 2022-05-31 04427035 c:OrdinaryShareClass2 2022-06-01 2023-05-31 04427035 c:OrdinaryShareClass2 2023-05-31 04427035 c:OrdinaryShareClass2 2022-05-31 04427035 c:FRS102 2022-06-01 2023-05-31 04427035 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 04427035 c:FullAccounts 2022-06-01 2023-05-31 04427035 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04427035 d:WithinOneYear 2023-05-31 04427035 d:WithinOneYear 2022-05-31 04427035 d:BetweenOneFiveYears 2023-05-31 04427035 d:BetweenOneFiveYears 2022-05-31 04427035 2 2022-06-01 2023-05-31 04427035 d:ComputerSoftware d:OwnedIntangibleAssets 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04427035


BURMOR CONSTRUCTION LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

 
BURMOR CONSTRUCTION LIMITED
REGISTERED NUMBER:04427035

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible fixed assets
 4 
4,000
8,000

Tangible fixed assets
 5 
237,907
171,123

Investment property
  
-
-

  
241,907
179,123

Current assets
  

Stocks and work in progress
  
3,556,193
2,648,317

Debtors: amounts falling due within one year
 6 
2,242,144
1,938,621

Cash at bank and in hand
  
1,142,309
155,710

  
6,940,646
4,742,648

Creditors: amounts falling due within one year
 7 
(5,999,738)
(3,653,427)

Net current assets
  
 
 
940,908
 
 
1,089,221

Total assets less current liabilities
  
1,182,815
1,268,344

Creditors: amounts falling due after more than one year
 8 
(657,740)
(709,721)

Provisions for liabilities
  

Deferred tax
  
-
(36,336)

Net assets
  
525,075
522,287


Capital and reserves
  

Called up share capital 
 10 
35,132
300,132

Profit and loss account
  
489,943
222,155

  
525,075
522,287


Page 1

 
BURMOR CONSTRUCTION LIMITED
REGISTERED NUMBER:04427035
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mr P S Burke
................................................
Mr L E Boekestyn
Director
Director


Date: 9 February 2024

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Burmor Construction Limited ("the Company") is a private company limited by shares incorporated, in England and Wales under the Companies Act.
The registered number and address of the registered office is given in the company information. 
The functional and presentational currency of the Company is pounds sterling (£) and rounded to the nearest whole pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 3

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance.

Depreciation is provided on the following basis:

Freehold property
-
1% straight line
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.13

Pensions

Defined contribution pension plan

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 recognised as an expense in profit or loss 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.

 
2.14

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.15

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 6

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 42 (2022 - 37).

Page 7

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Intangible assets




Computer software

£



Cost


At 1 June 2022
20,000



At 31 May 2023

20,000



Amortisation


At 1 June 2022
12,000


Charge for the year on owned assets
4,000



At 31 May 2023

16,000



Net book value



At 31 May 2023
4,000



At 31 May 2022
8,000



Page 8

 

BURMOR CONSTRUCTION LIMITED
 
 
 

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


5.


Tangible fixed assets






Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost


At 1 June 2022
85,774
256,518
-
104,365
446,657


Additions
160
125,750
9,309
11,113
146,332


Disposals
(3,500)
(12,223)
-
-
(15,723)



At 31 May 2023

82,434
370,045
9,309
115,478
577,266



Depreciation


At 1 June 2022
74,501
137,558
-
63,475
275,534


Charge for the year on owned assets
2,926
61,185
2,327
13,041
79,479


Disposals
(3,431)
(12,223)
-
-
(15,654)



At 31 May 2023

73,996
186,520
2,327
76,516
339,359



Net book value



At 31 May 2023
8,438
183,525
6,982
38,962
237,907



At 31 May 2022
11,273
118,960
-
40,890
171,123

Page 9

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
267,932
568,810

Amounts owed by group undertakings
81,011
144,011

Other debtors
143,742
136,675

Prepayments and accrued income
1,644,426
965,353

VAT recoverable
105,033
123,772

2,242,144
1,938,621


Amounts owed by group undertakings are unsecured, interest free and repayable on demand. 


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
200,000

Bank loans
182,987
99,546

Trade creditors
4,190,234
2,636,873

Corporation tax
133,983
-

Other taxation and social security
112,063
71,197

Obligations under finance lease and hire purchase contracts
63,742
46,712

Other creditors
1,284,187
568,187

Accruals and deferred income
32,542
30,912

5,999,738
3,653,427


Bank overdrafts of £nil (2022: £200,000) are secured over the company's assets. 
Bank loans of £182,987 (2022: £99,546) are secured over the company's assets. 
Obligations under finance leases and hire purchase contracts of £63,742 (2022: £46,712) are secured against the assets concerned. 
Amounts owed to group undertakings are unsecured, interest free and repayable on demand. 

Page 10

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
509,527
609,839

Obligations under finance leases and hire purchase contracts
109,374
51,381

Other creditors
38,839
48,501

657,740
709,721


Bank loans of £509,527 (2022: £609,839) are secured over the company's assets.
Obligations under finance leases and hire purchase contracts of £109,374 (2022: £51,381) are secured
against the assets concerned.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
182,987
99,546

Amounts falling due 1-2 years

Bank loans
124,105
109,414

Amounts falling due 2-5 years

Bank loans
249,228
355,973

Amounts falling due after more than 5 years

Bank loans
136,194
144,452

692,514
709,385


Page 11

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



132 (2022 - 132) Ordinary shares of £1.00 each
132
132
35,000 (2022 - 300,000) Preference shares of £1.00 each
35,000
300,000

35,132

300,132

Ordinary shares shall carry voting rights, full dividend rights, full rights to return of capital and to any surplus and shall not be redeemable. 
During the prior period, the company allotted 300,000 preference shares at aggregate nominal value of £300,000 to a shareholder by converting his director's loan account into preference shares. Preference shares shall not carry any voting rights, shall carry fights to fixed cumulative dividend of 1% per annum, rights to priority on return of capital and no rights to any surplus. Preference shares shall be redeemable. 265,000 preference shares were redeemed during the year. 



11.


Pension commitments

The company contributes to a defined contribution plan for the employees. Contributions totalling £4,540 (2022: £nil) were outstanding at the year end and this balance is included within other creditors.


12.


Commitments under operating leases

At 31 May 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
87,481
49,577

Later than 1 year and not later than 5 years
97,686
68,533

185,167
118,110


13.


Transactions with directors

During the year a director was loaned monies by the company. Advaces to the director totalled £18,266 (2022: £29,392) and repayments made totalled £48,000 (2022: £nil). At the balance sheet date £596 (2022: £29,892) was owed to the company. The balance is included within other debtors. Interest of £438 (2022: £500) has been charged on this balance.

Page 12

 
BURMOR CONSTRUCTION LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

14.


Related party transactions

Included within other creditors due after more than one year is a balance due to a director of the company of £11,358 (2022: £12,058). 
Also included within other creditors due after more than one year is a balance due to a close family member of one of the directors of the company of £27,481 (2022: £36,433).  
All balances are unsecured and interest free. 


15.


Controlling party

The ultimate parent company is Burmor Group Ltd, a company registered in England and Wales, which owns 76% of the company's issued share capital. The registered office of Burmor Group Ltd is Burmor House, Sunderland Road, Market Deeping, Peterborough, PE6 8FD.

 
Page 13