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REGISTERED NUMBER: 00852987 (England and Wales)















C G BURTON & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






C G BURTON & SON LIMITED (REGISTERED NUMBER: 00852987)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


C G BURTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr R J Burton
Mrs V L Burton





REGISTERED OFFICE: The Wagon Hovel
Riverlands
Sibthorpe
Newark
Nottinghamshire
NG23 5PN





REGISTERED NUMBER: 00852987 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

C G BURTON & SON LIMITED (REGISTERED NUMBER: 00852987)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 190,583 208,559
190,583 208,559

CURRENT ASSETS
Inventories 118,279 179,165
Debtors 6 22,516 22,282
Cash at bank 42,310 53,941
183,105 255,388
CREDITORS
Amounts falling due within one year 7 32,323 41,620
NET CURRENT ASSETS 150,782 213,768
TOTAL ASSETS LESS CURRENT LIABILITIES 341,365 422,327

PROVISIONS FOR LIABILITIES 28,831 41,196
NET ASSETS 312,534 381,131

CAPITAL AND RESERVES
Called up share capital 8 9,000 9,000
Retained earnings 303,534 372,131
SHAREHOLDERS' FUNDS 312,534 381,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 20 September 2024 and were signed on its behalf by:





Mr R J Burton - Director


C G BURTON & SON LIMITED (REGISTERED NUMBER: 00852987)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

C G Burton & Son 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31st December 2019 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 10% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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.

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.

Basic payment
The basic payment is recognised in the financial statements in accordance with H M Revenue & Customs guidance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

C G BURTON & SON LIMITED (REGISTERED NUMBER: 00852987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 19,872
AMORTISATION
At 1 July 2023
and 30 June 2024 19,872
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Structures
Leasehold and Plant and
property buildings machinery
£    £    £   
COST
At 1 July 2023
and 30 June 2024 45,904 49,742 105,066
DEPRECIATION
At 1 July 2023 45,904 5,968 69,744
Charge for year - 1,492 3,537
At 30 June 2024 45,904 7,460 73,281
NET BOOK VALUE
At 30 June 2024 - 42,282 31,785
At 30 June 2023 - 43,774 35,322

Motor
Tractors vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 138,360 31,813 370,885
DEPRECIATION
At 1 July 2023 38,625 2,085 162,326
Charge for year 9,974 2,973 17,976
At 30 June 2024 48,599 5,058 180,302
NET BOOK VALUE
At 30 June 2024 89,761 26,755 190,583
At 30 June 2023 99,735 29,728 208,559

C G BURTON & SON LIMITED (REGISTERED NUMBER: 00852987)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,000 19,037
VAT 1,986 1,645
Prepayments and accrued income 1,530 1,600
22,516 22,282

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,573 8,154
Tax - 2,929
Other creditors 675 -
Directors' current accounts 16,116 14,362
Accruals and deferred income 6,959 16,175
32,323 41,620

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 ordinary £1 9,000 9,000