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REGISTERED NUMBER: 03732485 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Burntwood Roadsweepers Limited

Burntwood Roadsweepers Limited (Registered number: 03732485)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Burntwood Roadsweepers Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Barnard
Mrs J Barnard





SECRETARY: Mrs J Barnard





REGISTERED OFFICE: 5B Plant Lane Business Park
Plant Lane
Burntwood
Staffordshire
WS7 3GN





REGISTERED NUMBER: 03732485 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Burntwood Roadsweepers Limited (Registered number: 03732485)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,296,088 1,341,435

CURRENT ASSETS
Stocks - 9,640
Debtors 5 1,112,106 758,307
Cash at bank and in hand 877,611 1,093,700
1,989,717 1,861,647
CREDITORS
Amounts falling due within one year 6 (579,001 ) (555,590 )
NET CURRENT ASSETS 1,410,716 1,306,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,706,804

2,647,492

CREDITORS
Amounts falling due after more than one
year

7

(1,611

)

(67,987

)

PROVISIONS FOR LIABILITIES 10 (314,802 ) (318,137 )
NET ASSETS 2,390,391 2,261,368

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 2,390,389 2,261,366
SHAREHOLDERS' FUNDS 2,390,391 2,261,368

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

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

Burntwood Roadsweepers Limited (Registered number: 03732485)

Balance Sheet - continued
31 May 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





S J Barnard - Director


Burntwood Roadsweepers Limited (Registered number: 03732485)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Burntwood Roadsweepers 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 (£).


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 as modified by the revaluation of certain assets.

There were no material departures from that standard

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property improvement - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 Profit and Loss Account, 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 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.

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.

Burntwood Roadsweepers Limited (Registered number: 03732485)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Fixtures
property Plant and and
improvement machinery fittings
£    £    £   
COST OR VALUATION
At 1 June 2023 268,701 5,292,910 62,386
Additions - 355,353 6,555
Disposals - (90,475 ) -
At 31 May 2024 268,701 5,557,788 68,941
DEPRECIATION
At 1 June 2023 240,792 4,047,813 44,639
Charge for year 11,870 371,897 2,744
Eliminated on disposal - (81,291 ) -
At 31 May 2024 252,662 4,338,419 47,383
NET BOOK VALUE
At 31 May 2024 16,039 1,219,369 21,558
At 31 May 2023 27,909 1,245,097 17,747

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 152,379 10,503 5,786,879
Additions - 624 362,532
Disposals - - (90,475 )
At 31 May 2024 152,379 11,127 6,058,936
DEPRECIATION
At 1 June 2023 106,754 5,446 4,445,444
Charge for year 11,409 775 398,695
Eliminated on disposal - - (81,291 )
At 31 May 2024 118,163 6,221 4,762,848
NET BOOK VALUE
At 31 May 2024 34,216 4,906 1,296,088
At 31 May 2023 45,625 5,057 1,341,435

Burntwood Roadsweepers Limited (Registered number: 03732485)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Leasehold Fixtures
property Plant and and
improvement machinery fittings
£    £    £   
Valuation in 2011 (13,630 ) - -
Cost 282,331 5,557,788 68,941
268,701 5,557,788 68,941

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2011 - - (13,630 )
Cost 152,379 11,127 6,072,566
152,379 11,127 6,058,936

If Leasehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 282,331 282,331
Aggregate depreciation 277,664 265,791

As allowed by under the transition rules of FRS 102 1A, the directors have chosen to treat previously revalued leasehold property improvements as deemed cost and not revalue in future periods.

Included above are assets held under finance leases or hire purchase contracts as follows:
Plant and machinery net book value £67,450 (2023 - £89,933).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 800,303 687,280
Amounts owed by group undertakings - 33,028
Other debtors 311,803 37,999
1,112,106 758,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 74,408 82,439
Trade creditors 252,150 215,277
Amounts owed to group undertakings 9,354 -
Taxation and social security 203,926 209,804
Other creditors 39,163 48,070
579,001 555,590

Burntwood Roadsweepers Limited (Registered number: 03732485)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 1,611 67,987

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 74,408 82,439
Between one and five years 1,611 67,987
76,019 150,426

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 76,019 150,426

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 314,802 318,137

Deferred
tax
£   
Balance at 1 June 2023 318,137
Credit to Profit and Loss Account during year (3,335 )
Balance at 31 May 2024 314,802

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. CONTINGENT LIABILITIES

As at 31st May 2024, there were outstanding pension contributions of £8,449 (2023 - £7,734).

Burntwood Roadsweepers Limited (Registered number: 03732485)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

13. RELATED PARTY DISCLOSURES

S J Barnard and J Barnard
Directors

The company trades from a property which is owned by the directors, for which rent is agreed on an annual basis. The amount charged in the current year was £72,619 (2023 - £69,993).

At the 31 May 2024 the directors owed Burntwood Roadsweepers Limited £210,000, this was repaid in full subsequent to year end date.

Chase Holdings Limited
Parent undertaking

During the year dividends were paid to the parent undertaking of £95,000 (2023 - £50,000)

During the year the company used fixed assets owned by the parent company for which no hire charge was made.

At the 31 May 2024 the balance due to the parent undertaking was £9,354 (2023 - Due from £33,028).

The amount owed to Chase Holdings Limited is unsecured and has no specific terms regarding payment of interest. The amount due is repayable on demand but the directors of Chase Holdings Limited have given their assurance that the amount will not be demanded for repayment until such time as Burntwood Roadsweepers Limited can afford to do so without detriment to its operating and working capital requirements.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Burntwood Roadsweepers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burntwood Roadsweepers Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Burntwood Roadsweepers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burntwood Roadsweepers Limited and state those matters that we have agreed to state to the Board of Directors of Burntwood Roadsweepers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burntwood Roadsweepers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Burntwood Roadsweepers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burntwood Roadsweepers Limited. You consider that Burntwood Roadsweepers Limited 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 financial statements of Burntwood Roadsweepers Limited. 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 statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


4 September 2024