TJ Burbidge Developments Limited 11694283 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is construction. Digita Accounts Production Advanced 6.30.9574.0 true true 11694283 2023-04-01 2024-03-31 11694283 2024-03-31 11694283 core:CurrentFinancialInstruments 2024-03-31 11694283 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 11694283 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 11694283 core:PlantMachinery 2024-03-31 11694283 bus:SmallEntities 2023-04-01 2024-03-31 11694283 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11694283 bus:FilletedAccounts 2023-04-01 2024-03-31 11694283 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11694283 bus:RegisteredOffice 2023-04-01 2024-03-31 11694283 bus:Director1 2023-04-01 2024-03-31 11694283 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11694283 core:LandBuildings 2023-04-01 2024-03-31 11694283 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11694283 core:PlantMachinery 2023-04-01 2024-03-31 11694283 countries:EnglandWales 2023-04-01 2024-03-31 11694283 2023-03-31 11694283 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 11694283 core:PlantMachinery 2023-03-31 11694283 2022-04-01 2023-03-31 11694283 2023-03-31 11694283 core:CurrentFinancialInstruments 2023-03-31 11694283 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 11694283 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 11694283 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 11694283

TJ Burbidge Developments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

TJ Burbidge Developments Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

TJ Burbidge Developments Limited

(Registration number: 11694283)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

71,125

83,354

Current assets

 

Stocks

5

590,745

590,744

Debtors

6

-

12,768

Cash at bank and in hand

 

52,214

39,490

 

642,959

643,002

Creditors: Amounts falling due within one year

7

(531,611)

(528,078)

Net current assets

 

111,348

114,924

Total assets less current liabilities

 

182,473

198,278

Provisions for liabilities

(1,213)

(1,516)

Net assets

 

181,260

196,762

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

181,160

196,662

Shareholders' funds

 

181,260

196,762

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

 

TJ Burbidge Developments Limited

(Registration number: 11694283)
Statement of Financial Position as at 31 March 2024 (continued)

Approved and authorised by the director on 29 July 2024
 


Mr T J Burbidge
Director

 

TJ Burbidge Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Castle Street
Bridgwater
Somerset
TA6 3DT

Principal activity

The principal activity of the company is construction.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

TJ Burbidge Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold property

10% straight line

Plant and machinery

20% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

TJ Burbidge Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

TJ Burbidge Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Tangible assets

Freehold property
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

110,163

14,802

124,965

At 31 March 2024

110,163

14,802

124,965

Depreciation

At 1 April 2023

32,872

8,739

41,611

Charge for the year

11,016

1,213

12,229

At 31 March 2024

43,888

9,952

53,840

Carrying amount

At 31 March 2024

66,275

4,850

71,125

At 31 March 2023

77,291

6,063

83,354

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

590,745

590,744

6

Debtors

2024
£

2023
£

Other debtors

-

12,768

-

12,768

 

TJ Burbidge Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

178,711

178,711

Accruals and deferred income

2,533

2,413

Other creditors

350,367

346,954

531,611

528,078

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.