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REGISTERED NUMBER: 04939546 (England and Wales)















BURROWS SCARBOROUGH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BURROWS SCARBOROUGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N J Burrows
A J S Bexon





SECRETARY: D Burrows





REGISTERED OFFICE: Sovereign House
12 Warwick Street
Earlsdon
Coventry
West Midlands
CV5 6ET





REGISTERED NUMBER: 04939546 (England and Wales)





ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET

BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,000
Tangible assets 5 4,906 6,269
4,906 24,269

CURRENT ASSETS
Debtors 1,258,222 1,177,435
Cash at bank and in hand 1,561,469 1,426,317
2,819,691 2,603,752
CREDITORS
Amounts falling due within one year 324,053 294,259
NET CURRENT ASSETS 2,495,638 2,309,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,500,544

2,333,762

PROVISIONS FOR LIABILITIES 993 1,283
NET ASSETS 2,499,551 2,332,479

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 49 49
Retained earnings 2,499,402 2,332,330
SHAREHOLDERS' FUNDS 2,499,551 2,332,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





N J Burrows - Director


BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Burrows Scarborough 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Figures in the financial statements have been rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The 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 on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

Turnover
Turnover is recognised on service contracts when the company receives the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2018, is being amortised evenly over its estimated useful life of ten and five years respectively.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

The company has a policy of not providing for depreciation on Freehold property. It is considered that depreciation is immaterial due to both the very long useful economic lives and the high residual value of the assets.

The company has a policy and practice of regular maintenance and repair (charges for which are recognised in the profit and loss account) such that the Freehold property is kept to its previously assessed standard of performance. In addition to this, it is considered that the Freehold property is unlikely to suffer from economic or technological obsolescence.

The company reviews the Freehold property for impairment at the end of each reporting period.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Employee 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.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 366,667
AMORTISATION
At 1 January 2023 348,667
Amortisation for year 18,000
At 31 December 2023 366,667
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 18,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 25,851
Additions 1,060
At 31 December 2023 26,911
DEPRECIATION
At 1 January 2023 19,582
Charge for year 2,423
At 31 December 2023 22,005
NET BOOK VALUE
At 31 December 2023 4,906
At 31 December 2022 6,269

BURROWS SCARBOROUGH LIMITED (REGISTERED NUMBER: 04939546)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
N J Burrows
Balance outstanding at start of year 385,000 -
Amounts advanced - 385,000
Amounts repaid (385,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 385,000

This loan was repaid in the year and no interest was charged.

7. RELATED PARTY DISCLOSURES

In the prior year, the company's interest in it's freehold property was sold to Sovereign Properties Partnership Limited, a company where N J Burrows is a director. Sales proceeds were £450,000. The amount owed to the company at 31st December 2023 was £800,000 (2022 £450,000), which is included within Other debtors. No interest will be payable on this loan.