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REGISTERED NUMBER: 09853213 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

Burton and Dyson Limited

Burton and Dyson Limited (Registered number: 09853213)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Burton and Dyson Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr S R Hardy
Mrs L J Whitelam
Mrs G V Garfoot



REGISTERED OFFICE: 22 Market Place
GAINSBOROUGH
Lincolnshire
DN21 2BZ



REGISTERED NUMBER: 09853213 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: NatWest Bank Plc
3 Market Place
GAINSBOROUGH
Lincolnshire
DN21 2BW

Burton and Dyson Limited (Registered number: 09853213)

Abridged Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 400,000 400,000
Tangible assets 5 77,112 73,764
477,112 473,764

CURRENT ASSETS
Stocks 184,809 195,032
Debtors 187,436 189,272
Cash in hand 163 226
372,408 384,530
CREDITORS
Amounts falling due within one year 333,872 320,923
NET CURRENT ASSETS 38,536 63,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,648

537,371

CREDITORS
Amounts falling due after more than
one year

(15,791

)

(15,467

)

PROVISIONS FOR LIABILITIES (20,435 ) (19,548 )
NET ASSETS 479,422 502,356

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 478,422 501,356
SHAREHOLDERS' FUNDS 479,422 502,356

Burton and Dyson Limited (Registered number: 09853213)

Abridged Statement of Financial Position - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 September 2024 and were signed on its behalf by:





Mr S R Hardy - Director


Burton and Dyson Limited (Registered number: 09853213)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Burton and Dyson 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.

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 represents net invoiced sales of services, excluding value added tax.

Work in progress represents work completed which is yet to be invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2015, is stated at cost and not amortised. An annual impairment review is conducted by the directors to establish whether this value requires adjustment. The impairment review aims to establish whether the market value for the goodwill is more than the carrying value. In accordance with UK GAAP, no increases to the value of goodwill is made should the impairment review indicate an increase in value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost, 15% on cost and Straight line over 20 years

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 statement of financial position date.


Burton and Dyson Limited (Registered number: 09853213)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Operating leases
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

Burton and Dyson Limited (Registered number: 09853213)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 400,000
NET BOOK VALUE

At 31 March 2024 400,000
At 31 March 2023 400,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 130,957
Additions 19,021
At 31 March 2024 149,978
DEPRECIATION
At 1 April 2023 57,193
Charge for year 15,673
At 31 March 2024 72,866
NET BOOK VALUE
At 31 March 2024 77,112
At 31 March 2023 73,764

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 49,796 53,475
Between one and five years 120,501 140,297
In more than five years 180,000 210,000
350,297 403,772

Burton and Dyson Limited (Registered number: 09853213)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 134,378 94,676

Secured debts relate to an overdraft which is secured as a fixed and floating charge over the assets of the company.

8. RELATED PARTY DISCLOSURES

Included in creditors is an unsecured and interest free balance of £10,054 (2023: £7,790) owed to Mr S R Hardy, £758 (2023: £6,930) owed to Mrs L J Whitelam and £1,624 owed to Mrs G V Garfoot, directors of the company.