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Registered number: 00586215
T.J.Butler(Electronics)Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Alexander Myerson & Co Limited
Alexander House
61 Rodney Street
Liverpool
Merseyside
L1 9ER
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 00586215
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 310,233 309,728
Investments 6 1,000 1,000
311,233 310,728
CURRENT ASSETS
Stocks 46,319 83,454
Debtors 7 203,769 168,502
Cash at bank and in hand 954 162
251,042 252,118
Creditors: Amounts Falling Due Within One Year (90,534 ) (130,298 )
NET CURRENT ASSETS (LIABILITIES) 160,508 121,820
TOTAL ASSETS LESS CURRENT LIABILITIES 471,741 432,548
Creditors: Amounts Falling Due After More Than One Year (264,958 ) (244,387 )
NET ASSETS 206,783 188,161
CAPITAL AND RESERVES
Called up share capital 9 40,702 40,702
Profit and Loss Account 166,081 147,459
SHAREHOLDERS' FUNDS 206,783 188,161
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For the year ending 30 June 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr D Butler
Director
6 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
T.J.Butler(Electronics)Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00586215 . The registered office is 61 Rodney Street, Liverpool, L1 9ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, rebates, value added tax and other sales taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill relates to the amount paid in connection with the acquistion of a business in 2001. The Goodwill has been fully amortised.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold in accordance with the property
Plant & Machinery 15% on reducing balance
Motor Vehicles 15% on cost
Fixtures & Fittings 10% on cost
Computer Equipment 25% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.
The interest element of these obligations is charged to profot and loss over the relevant period. The capital element of the future payments is treated as a liability.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.7. 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 defereed 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 libilities or othet future taxable profits.
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2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss in the period to which they relate.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Intangible Assets
Total
£
Cost
As at 1 July 2023 15,000
As at 30 June 2024 15,000
Amortisation
As at 1 July 2023 15,000
As at 30 June 2024 15,000
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 July 2023 1,916,737
Additions 28,731
As at 30 June 2024 1,945,468
Depreciation
As at 1 July 2023 1,607,009
Provided during the period 28,226
As at 30 June 2024 1,635,235
Net Book Value
As at 30 June 2024 310,233
As at 1 July 2023 309,728
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6. Investments
Total
£
Cost
As at 1 July 2023 1,000
As at 30 June 2024 1,000
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 1,000
As at 1 July 2023 1,000
7. Debtors
2024 2023
£ £
Due after more than one year
Trade debtors 2,493 2,493
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 51,231 59,963
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 40,702 40,702
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 8,750 22,800
Later than one year and not later than five years - 17,850
8,750 40,650
11. Ultimate Controlling Party
The company was controlled throughout by its Directors, Mr & Mrs D Butler and Mr & Mrs D W Butler by virtue of the fact that between them they own 100% of the issued share capital in the parent company J & D Butler (Holdings) Limited.
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