2022-12-01 NI627223 2023-11-30 NI627223 2022-12-01 2023-11-30 NI627223 2022-11-30 NI627223 2021-12-01 2022-11-30 NI627223 uk-core:WithinOneYear 2022-11-30 NI627223 uk-core:WithinOneYear 2023-11-30 NI627223 uk-core:AfterOneYear 2022-11-30 NI627223 uk-core:AfterOneYear 2023-11-30 NI627223 uk-core:ShareCapital 2023-11-30 NI627223 uk-core:ShareCapital 2022-11-30 NI627223 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 NI627223 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 NI627223 uk-core:OtherMiscellaneousReserve 2023-11-30 NI627223 uk-bus:Director1 2022-12-01 2023-11-30 NI627223 uk-core:Buildings 2022-12-01 2023-11-30 NI627223 uk-core:PlantMachinery 2022-12-01 2023-11-30 NI627223 uk-core:ComputerEquipment 2022-12-01 2023-11-30 NI627223 uk-core:CommercialMotorVehicles 2022-12-01 2023-11-30 NI627223 uk-core:FurnitureFittings 2022-12-01 2023-11-30 NI627223 uk-core:ComputerEquipment 2022-11-30 NI627223 uk-core:FurnitureFittings 2022-11-30 NI627223 uk-core:CommercialMotorVehicles 2022-11-30 NI627223 uk-core:PlantMachinery 2022-11-30 NI627223 uk-core:Buildings 2022-11-30 NI627223 uk-core:Buildings 2023-11-30 NI627223 uk-core:CommercialMotorVehicles 2023-11-30 NI627223 uk-core:FurnitureFittings 2023-11-30 NI627223 uk-core:ComputerEquipment 2023-11-30 NI627223 uk-core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure NI627223 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI627223 uk-bus:FRS102 2022-12-01 2023-11-30 NI627223 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 NI627223 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
Burkes Agri Supplies Ltd
Registered Number:NI627223
For the year ended 30 November 2023
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 November 2023
Burkes Agri Supplies Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI627223
As at 30 November 2023
Burkes Agri Supplies Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,843,884
1,362,413
2
1,843,884
1,362,413
Current assets
Inventories
2,352,549
1,331,261
3
Trade and other receivables
1,794,527
1,871,689
4
984,055
Cash and cash equivalents
2,295,673
5,498,623
5,131,131
Trade and other payables: amounts falling due within one
year
(628,453)
(753,643)
5
4,502,678
4,744,980
Net current assets
Total assets less current liabilities
6,588,864
5,865,091
Trade and other payables: amounts falling due after more
than one year
(30,000)
(70,000)
6
(19,174)
(18,845)
Provisions for liabilities
6,499,690
Net assets
5,816,246
Capital and reserves
Called up share capital
67
67
Retained earnings
4,628,047
3,944,603
Other reserves
1,871,576
1,871,576
6,499,690
5,816,246
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
NI627223
For the year ended 30 November 2023
Burkes Agri Supplies Ltd
Statement of Financial Position Continued
Mr Richard Burke Director
These financial statements were approved and authorised for issue by the Board on 08 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 November 2023
Burkes Agri Supplies Ltd
Notes to the Financial Statements
Statutory Information
Burkes Agri Supplies Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI627223.
Registered address:
81 Mullantine Road
Portadown
Armagh
BT62 4EY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0%
Plant and Machinery
15% Reducing balance
25% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 November 2023
Burkes Agri Supplies Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or
valuation
At 01 December
2022
1,497,753
46,484
15,118
133,195
63,445
1,239,511
513,956
6,831
-
17,875
-
489,250
Additions
At 30 November
2023
1,728,761
151,070
15,118
53,315
2,011,709
63,445
Provision for depreciation and impairment
At 01 December
2022
135,340
35,345
8,194
53,828
37,973
-
Charge for year
32,485
3,314
1,038
24,312
3,821
-
At 30 November
2023
167,825
38,659
9,232
78,140
41,794
-
At 30 November
2023
Net book value
1,728,761
21,651
72,930
5,886
14,656
1,843,884
1,239,511
25,472
79,367
6,924
11,139
1,362,413
At 30 November
2022
3. Inventories
2022
2023
£
£
Stocks
1,331,261
2,352,549
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,871,689
1,713,961
Other debtors
-
80,566
1,794,527
1,871,689
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
311,056
313,154
Taxation and social security
287,871
154,509
Other creditors
154,716
160,790
753,643
628,453
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7
For the year ended 30 November 2023
Burkes Agri Supplies Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
70,000
30,000
7. Average number of persons employed
During the year the average number of employees was 12 (2022 : 11)
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