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Company Registration No. 12242912 (England and Wales)
BURNS WELDING SUPPLIES LTD unaudited financial statements for the year ended 31 October 2023
BURNS WELDING SUPPLIES LTD unaudited financial statements Contents
Page
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BURNS WELDING SUPPLIES LTD Company Information for the year ended 31 October 2023
Director
Christopher BURNS
Company Number
12242912 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of BURNS WELDING SUPPLIES LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BURNS WELDING SUPPLIES LTD for the year ended 31 October 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 9 July 2024
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BURNS WELDING SUPPLIES LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
81,929 
11,695 
Current assets
Inventories
5,542 
7,877 
Debtors
100,821 
45,315 
Cash at bank and in hand
111,833 
105,009 
218,196 
158,201 
Creditors: amounts falling due within one year
(204,338)
(101,236)
Net current assets
13,858 
56,965 
Total assets less current liabilities
95,787 
68,660 
Provisions for liabilities
Other provisions
- 
(2,351)
Net assets
95,787 
66,309 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
95,687 
66,209 
Shareholders' funds
95,787 
66,309 
For the year ending 31 October 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 July 2024 and were signed on its behalf by
Christopher BURNS Director Company Registration No. 12242912
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BURNS WELDING SUPPLIES LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
BURNS WELDING SUPPLIES LTD is a private company, limited by shares, registered in England and Wales, registration number 12242912. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trading activity
Steel renovation activities
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BURNS WELDING SUPPLIES LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
19,620 
11,316 
30,936 
Additions
101,756 
1,356 
103,112 
At 31 October 2023
121,376 
12,672 
134,048 
Depreciation
At 1 November 2022
14,715 
4,526 
19,241 
Charge for the year
30,344 
2,534 
32,878 
At 31 October 2023
45,059 
7,060 
52,119 
Net book value
At 31 October 2023
76,317 
5,612 
81,929 
At 31 October 2022
4,905 
6,790 
11,695 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
100,721 
44,315 
Other debtors
- 
1,000 
100,721 
45,315 
Amounts falling due after more than one year
Other debtors
100 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,395 
6,535 
Trade creditors
190,810 
49,350 
Taxes and social security
8,533 
3,147 
Other creditors
- 
41,604 
Accruals
600 
600 
204,338 
101,236 
7
Average number of employees
During the year the average number of employees was 1 (2022: 4).
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