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REGISTERED NUMBER: 08140205 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

WW BUSBY & SONS LIMITED

WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WW BUSBY & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr G W Busby
Mr L R Busby-Powell





REGISTERED OFFICE: The Old Mill Masonry Works
279a Blaby Road
Enderby
LEICESTER
Leicestershire
LE19 2BH





REGISTERED NUMBER: 08140205 (England and Wales)

WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 95,785 267,479
95,785 267,479

CURRENT ASSETS
Stocks 39,086 43,949
Debtors 6 13,045 2,180
Cash at bank and in hand 287,667 86,324
339,798 132,453
CREDITORS
Amounts falling due within one year 7 61,569 50,812
NET CURRENT ASSETS 278,229 81,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,014

349,120

PROVISIONS FOR LIABILITIES 17,863 20,001
NET ASSETS 356,151 329,119

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 356,051 329,019
SHAREHOLDERS' FUNDS 356,151 329,119

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

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

WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

BALANCE SHEET - continued
31 AUGUST 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 8 April 2024 and were signed on its behalf by:




Mr L R Busby-Powell - Director



Mr G W Busby - Director


WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

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


1. STATUTORY INFORMATION

WW Busby & Sons 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 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
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value.

The company supplies products to customers direct to site and from its workshop, under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on receipt of the goods and payment of the invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
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.


WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 20,000
AMORTISATION
At 1 September 2022
and 31 August 2023 20,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

WW BUSBY & SONS LIMITED (REGISTERED NUMBER: 08140205)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 200,650 175,157 13,904 43,774 433,485
Additions - 6,552 - - 6,552
Disposals (200,650 ) - - - (200,650 )
At 31 August 2023 - 181,709 13,904 43,774 239,387
DEPRECIATION
At 1 September 2022 40,130 79,858 9,227 36,791 166,006
Charge for year - 15,278 702 1,746 17,726
Eliminated on disposal (40,130 ) - - - (40,130 )
At 31 August 2023 - 95,136 9,929 38,537 143,602
NET BOOK VALUE
At 31 August 2023 - 86,573 3,975 5,237 95,785
At 31 August 2022 160,520 95,299 4,677 6,983 267,479

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,872 1,992
Other debtors 1,173 188
13,045 2,180

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,069 11,952
Taxation and social security 32,210 31,255
Other creditors 16,290 7,605
61,569 50,812