Company registration number 14771600 (England and Wales)
The Butler Ridge Group Ltd
UNAUDITED FINANCIAL STATEMENTS
for the period ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
The Butler Ridge Group Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
The Butler Ridge Group Ltd
Statement of financial position
as at 31 January 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
67,475
Current assets
Debtors
4
16,759
Cash at bank and in hand
5,017
21,776
Creditors: amounts falling due within one year
5
(305,534)
Net current liabilities
(283,758)
Net liabilities
(216,283)
Capital and reserves
Called up share capital
88
Profit and loss reserves
(216,371)
Total equity
(216,283)
For the financial period ended 31 January 2024 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 of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 2 October 2024 and are signed on its behalf by:
S Martinovic
Director
Company registration number 14771600 (England and Wales)
The Butler Ridge Group Ltd
Notes to the financial statements
for the period ended 31 January 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of consideration received for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
10% reducing balance
Fixtures and fittings
15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
Number
Total
5
The Butler Ridge Group Ltd
Notes to the financial statements (continued)
for the period ended 31 January 2024
- 3 -
3
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Total
£
£
£
Cost
At 31 March 2023
Additions
49,641
20,456
70,097
At 31 January 2024
49,641
20,456
70,097
Depreciation and impairment
At 31 March 2023
Depreciation charged in the period
1,887
735
2,622
At 31 January 2024
1,887
735
2,622
Carrying amount
At 31 January 2024
47,754
19,721
67,475
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
16,759
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
5,843
Taxation and social security
6,089
Other creditors
288,719
Accruals and deferred income
4,883
305,534
6
Company information
The Butler Ridge Group Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Townend House, 8 Springwell Court, Leeds, West Yorkshire, LS12 1AL.