Registration number:
Butterfield Neon Service Limited
for the Year Ended 31 December 2023
Butterfield Neon Service Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Butterfield Neon Service Limited
(Registration number: 00791690)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
3,739 |
4,389 |
|
Investments |
10,565 |
10,565 |
|
14,304 |
14,954 |
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Current assets |
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Debtors |
1,435,131 |
711,923 |
|
Cash at bank and in hand |
136,736 |
12,859 |
|
1,571,867 |
724,782 |
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Creditors: Amounts falling due within one year |
(835,781) |
- |
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Net current assets |
736,086 |
724,782 |
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Net assets |
750,390 |
739,736 |
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Capital and reserves |
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Called up share capital |
1,300 |
1,300 |
|
Share premium reserve |
12,559 |
12,559 |
|
Profit and loss account |
736,531 |
725,877 |
|
Total equity |
750,390 |
739,736 |
For the financial 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.
Directors' responsibilities:
• |
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• |
The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
......................................... |
Butterfield Neon Service Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
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 buildings |
2% per annum, straight line |
Freehold land |
is not depreciated |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Butterfield Neon Service Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the income statement
2023 |
2022 |
|
Current taxation |
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UK corporation tax |
|
(5,853) |
Tangible assets |
Land and buildings |
Total |
|
Cost or valuation |
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At 1 January 2023 |
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At 31 December 2023 |
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Depreciation |
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At 1 January 2023 |
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Charge for the year |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Freehold land and buildings
The gross book value of freehold land and buildings includes £14,950 (2022 - £14,950) of depreciable assets.
Butterfield Neon Service Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost |
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At 1 January 2023 and 31 December 2023 |
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Net book value |
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At 31 December 2023 |
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At 31 December 2022 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Ordinary |
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Associates |
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Ordinary |
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Subsidiary undertakings |
Light Metal Products (Bradford) Ltd The principal activity of Light Metal Products (Bradford) Ltd is |
Associates |
Plastic Displays (Bradford) Ltd The principal activity of Plastic Displays (Bradford) Ltd is |
Butterfield Neon Service Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors |
Current |
2023 |
2022 |
Trade debtors |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Taxation and social security |
|
- |
Other creditors |
|
- |
|
- |
Related party transactions |
Summary of transactions with entities with joint control or significant interest
(A company under common control)
Summary of transactions with entities with joint control or significant interest