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REGISTERED NUMBER: SC535021 (Scotland)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Burns Design Associates Limited

Burns Design Associates Limited (Registered number: SC535021)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burns Design Associates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: C Burns





REGISTERED OFFICE: Carus House
201 Dumbarton Road
Clydebank
G814XJ





REGISTERED NUMBER: SC535021 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Burns Design Associates Limited (Registered number: SC535021)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 240 480

CURRENT ASSETS
Debtors 5 202,029 279,583
Cash at bank 5,904 18,199
207,933 297,782
CREDITORS
Amounts falling due within one year 6 183,669 200,429
NET CURRENT ASSETS 24,264 97,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,504

97,833

CREDITORS
Amounts falling due after more than one
year

7

76,176

90,879
NET (LIABILITIES)/ASSETS (51,672 ) 6,954

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (51,772 ) 6,854
(51,672 ) 6,954

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

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

Burns Design Associates Limited (Registered number: SC535021)

Balance Sheet - continued
31 March 2023


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 29 March 2024 and were signed by:





C Burns - Director


Burns Design Associates Limited (Registered number: SC535021)

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

1. STATUTORY INFORMATION

Burns Design Associates Limited is a private company, limited by shares , registered in Scotland. 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.

The company is reliant on the support of the directors. It is the intention of the directors to support the company therefore the accounts have been prepared on a going concern basis.

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 2020, is being amortised evenly over its estimated useful life of five 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.

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 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 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.

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 9 (2022 - 7 ) .

Burns Design Associates Limited (Registered number: SC535021)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 1,200
AMORTISATION
At 1 April 2022 720
Charge for year 240
At 31 March 2023 960
NET BOOK VALUE
At 31 March 2023 240
At 31 March 2022 480

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 56,864 160,831
Other debtors 145,165 118,752
202,029 279,583

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 14,702 13,885
Trade creditors 3,042 15,875
Taxation and social security 152,733 156,564
Other creditors 13,192 14,105
183,669 200,429

Included within other creditors is an advance from Bibby Factors Scotland Ltd in relation to invoice factoring. This debt is secured and Bibby Financial Services Ltd hold a debenture and fixed charge over all assets of the company.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 76,176 90,879

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,037 26,322

Burns Design Associates Limited (Registered number: SC535021)

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

8. RELATED PARTY DISCLOSURES

Included in Other Debtors is an amount of £58,449 (2022: £52,519) advanced to the companys shareholders.The loans are interest free and repayable on demand.