Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 09886967 Mr Martyn Burrows Mr Neil Burrows iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09886967 2022-12-31 09886967 2023-12-31 09886967 2023-01-01 2023-12-31 09886967 frs-core:Non-currentFinancialInstruments 2023-12-31 09886967 frs-core:NetGoodwill 2023-01-01 2023-12-31 09886967 frs-core:PlantMachinery 2023-12-31 09886967 frs-core:PlantMachinery 2023-01-01 2023-12-31 09886967 frs-core:PlantMachinery 2022-12-31 09886967 frs-core:ShareCapital 2023-12-31 09886967 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 09886967 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09886967 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 09886967 frs-bus:SmallEntities 2023-01-01 2023-12-31 09886967 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09886967 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09886967 frs-bus:Director1 2023-01-01 2023-12-31 09886967 frs-bus:Director2 2023-01-01 2023-12-31 09886967 frs-countries:EnglandWales 2023-01-01 2023-12-31 09886967 2021-12-31 09886967 2022-12-31 09886967 2022-01-01 2022-12-31 09886967 frs-core:Non-currentFinancialInstruments 2022-12-31 09886967 frs-core:ShareCapital 2022-12-31 09886967 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 09886967
Burrows & Son Ltd
Financial Statements
For The Year Ended 31 December 2023
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Financial Statements
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Burrows & Son Ltd For The Year Ended 31 December 2023
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Burrows & Son Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Burrows & Son Ltd , as a body, in accordance with the terms of our engagement letter dated 11 February 2016. Our work has been undertaken solely to prepare for your approval the accounts of Burrows & Son Ltd and state those matters that we have agreed to state to the directors of Burrows & Son Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burrows & Son Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Burrows & Son Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Burrows & Son Ltd . You consider that Burrows & Son Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Burrows & Son Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23rd September 2024
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Page 1
Page 2
Balance Sheet
Registered number: 09886967
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,420 4,560
3,420 4,560
CURRENT ASSETS
Debtors 19,446 17,359
Cash at bank and in hand 3,687 651
23,133 18,010
Creditors: Amounts Falling Due Within One Year (59,294 ) (53,906 )
NET CURRENT ASSETS (LIABILITIES) (36,161 ) (35,896 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,741 ) (31,336 )
Creditors: Amounts Falling Due After More Than One Year (3,861 ) (5,866 )
NET LIABILITIES (36,602 ) (37,202 )
CAPITAL AND RESERVES
Called up share capital 11 11
Profit and Loss Account (36,613 ) (37,213 )
SHAREHOLDERS' FUNDS (36,602) (37,202)
Page 2
Page 3
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Neil Burrows
Director
23rd September 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Burrows & Son Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09886967 . The registered office is 146 Manor Way, Borehamwood, Hertfordshire, WD6 1QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 4
Page 5
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 34,160
As at 31 December 2023 34,160
Depreciation
As at 1 January 2023 29,600
Provided during the period 1,140
As at 31 December 2023 30,740
Net Book Value
As at 31 December 2023 3,420
As at 1 January 2023 4,560
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