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REGISTERED NUMBER: 08093173 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

N R BURTON BUILDERS LIMITED

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


N R BURTON BUILDERS LIMITED

Company Information
for the year ended 30 June 2023







Director: Mr N R Burton





Registered office: Unit 1A Beechings Way
Alford
Lincolnshire
LN13 9JE





Registered number: 08093173 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Statement of Financial Position
30 June 2023

2023 2022
Notes £ £ £ £
Fixed assets
Goodwill 4 - -
Tangible assets 5 238,311 187,801
238,311 187,801

Current assets
Stocks 6 38,500 49,000
Debtors 7 60,363 101,352
Cash at bank 981 103,906
99,844 254,258
Creditors
Amounts falling due within one year 8 111,474 201,026
Net current (liabilities)/assets (11,630 ) 53,232
Total assets less current liabilities 226,681 241,033

Creditors
Amounts falling due after more than one year 9 (65,135 ) (78,180 )

Provisions for liabilities (9,617 ) (13,098 )
Net assets 151,929 149,755

Capital and reserves
Called up share capital 11 2 2
Retained earnings 12 151,927 149,753
Shareholders' funds 151,929 149,755

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Statement of Financial Position - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 March 2024 and were signed by:





Mr N R Burton - Director


N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

N R Burton Builders 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 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.

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 7 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 July 2022
and 30 June 2023 16,065
Amortisation
At 1 July 2022
and 30 June 2023 16,065
Net book value
At 30 June 2023 -
At 30 June 2022 -

5. Tangible fixed assets
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 July 2022 118,287 88,524 40,013 110 246,934
Additions - 19,440 47,600 - 67,040
At 30 June 2023 118,287 107,964 87,613 110 313,974
Depreciation
At 1 July 2022 - 31,211 27,862 60 59,133
Charge for year - 8,884 7,609 37 16,530
At 30 June 2023 - 40,095 35,471 97 75,663
Net book value
At 30 June 2023 118,287 67,869 52,142 13 238,311
At 30 June 2022 118,287 57,313 12,151 50 187,801


6. Stocks
2023 2022
£ £
Stocks 38,500 49,000

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 28,234 59,474
Lincs Loos Ltd - 14,111
Other debtors 6,011 6,530
Directors' current accounts 20,127 2,317
VAT - 15,627
Prepayments and accrued income 5,991 3,293
60,363 101,352

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 19,789 13,300
Trade creditors 46,833 160,197
Corporation tax 19,155 23,000
Social security and other taxes 1,610 3,329
VAT 646 -
Other creditors 1,650 1,200
Lincs Loos Ltd 21,791 -
111,474 201,026

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bounceback loan 20,000 30,000
Lloyds Bank loan 45,135 48,180
65,135 78,180

10. Secured debts

The bank overdraft is secured against the assets of the company.
The hire purchase liabilities are secured against the assets to which they relate.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

12. Reserves
Retained
earnings
£

At 1 July 2022 149,753
Profit for the year 22,574
Dividends (20,400 )
At 30 June 2023 151,927

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£ £
Mr N R Burton
Balance outstanding at start of year (2,317 ) (28,237 )
Amounts advanced 12,660 52,710
Amounts repaid (30,470 ) (26,790 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,127 ) (2,317 )

14. Related party disclosures

Lincs County Loos Limited

A company in which Mr Burton is a shareholder.


During the year, there were no expenses paid relating to Lincs County Loos Limited (2022 - £4,460). During the year, N R Burton Builders Limited charged Lincs County Loos Limited £9,228 (2022 - £8,220) as a management charge to subsidies joint expenses incurred, eg telephone and motor. During the year, N R Burton received £45,130 from Lincs County Loos Limited. At the year end £21,791 was outstanding to Lincs County Loos Limited.

The balance is payable on demand.

2023 2022
£ £
Amount due (to)/from related party at the balance sheet date (21,791 ) 14,111