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REGISTERED NUMBER: 12353425 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Burrow & Rutter-Armstrong Engineering
Ltd

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burrow & Rutter-Armstrong Engineering
Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr J R Armstrong
Mr D C Burrow





REGISTERED OFFICE: Langwathby Hall
Langwathby
Penrith
Cumbria
CA10 1LW





REGISTERED NUMBER: 12353425 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203,341 197,198

CURRENT ASSETS
Stocks 5 1,241,470 933,336
Debtors 6 51,276 78,855
Cash at bank and in hand 3,236 44,503
1,295,982 1,056,694
CREDITORS
Amounts falling due within one year 7 1,274,255 1,114,924
NET CURRENT ASSETS/(LIABILITIES) 21,727 (58,230 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,068

138,968

CREDITORS
Amounts falling due after more than one
year

8

(74,189

)

(76,410

)

PROVISIONS FOR LIABILITIES (28,195 ) (34,932 )
NET ASSETS 122,684 27,626

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 122,584 27,526
122,684 27,626

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

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

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:




Mr J R Armstrong - Director



Mr D C Burrow - Director


Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

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

1. STATUTORY INFORMATION

Burrow & Rutter-Armstrong Engineering Ltd 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. 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% 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 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.

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 75,015 155,291 16,734 89,205 336,245
Additions - 66,385 405 - 66,790
At 31 December 2023 75,015 221,676 17,139 89,205 403,035
DEPRECIATION
At 1 January 2023 16,554 67,676 11,931 42,886 139,047
Charge for year 7,502 38,500 3,065 11,580 60,647
At 31 December 2023 24,056 106,176 14,996 54,466 199,694
NET BOOK VALUE
At 31 December 2023 50,959 115,500 2,143 34,739 203,341
At 31 December 2022 58,461 87,615 4,803 46,319 197,198

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
Additions 44,800 - 44,800
Reclassification/transfer 31,828 64,983 96,811
At 31 December 2023 76,628 64,983 141,611
DEPRECIATION
Charge for year 14,929 8,588 23,517
Reclassification/transfer 16,911 30,628 47,539
At 31 December 2023 31,840 39,216 71,056
NET BOOK VALUE
At 31 December 2023 44,788 25,767 70,555

5. STOCKS
31/12/23 31/12/22
£    £   
Stock and WIP 1,241,470 933,336

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 48,647 65,703
Other debtors 2,629 13,152
51,276 78,855

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 37,091 78,166
Hire purchase contracts 25,487 23,317
Trade creditors 646,009 334,557
Taxation and social security 15,724 1,672
Other creditors 549,944 677,212
1,274,255 1,114,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Bank loans 41,915 47,003
Hire purchase contracts 32,274 29,407
74,189 76,410

Burrow & Rutter-Armstrong Engineering
Ltd (Registered number: 12353425)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/12/23 31/12/22
£    £   
Mr D C Burrow
Balance outstanding at start of year 13,152 -
Amounts advanced 37,197 22,475
Amounts repaid (50,349 ) (9,323 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 13,152

10. RELATED PARTY DISCLOSURES

During the year, the directors held loan accounts with the company. At the year end date, the amount owing to/(from) J R Armstrong was £85,840 (2022 - £145,285) and D Burrow was £Nil (2022 - (£13,152)).

The loan accounts are unsecured, interest free and repayable on demand.