Registered number
00520051
Burke Bros.(Cheltenham) Limited
Filleted Accounts
31 May 2024
Burke Bros.(Cheltenham) Limited
Company Information
Directors
A E Burke
E D Burke
J E Burke
L P Burke
P J Burke
Secretary
L P Burke
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Hayricks Wharf
Tewkesbury Road
Cheltenham
Glos
Registered number
00520051
Burke Bros.(Cheltenham) Limited
Registered number: 00520051
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 655,860 683,977
Investments 4 2,905 2,905
658,765 686,882
Current assets
Stocks 408,942 145,137
Debtors 5 85,029 177,086
Cash at bank and in hand 610,084 786,574
1,104,055 1,108,797
Creditors: amounts falling due within one year 6 (165,984) (132,903)
Net current assets 938,071 975,894
Total assets less current liabilities 1,596,836 1,662,776
Creditors: amounts falling due after more than one year 7 (247,260) (251,756)
Provisions for liabilities (41,365) (39,854)
Net assets 1,308,211 1,371,166
Capital and reserves
Called up share capital 7,418 7,418
Capital redemption reserve 1,168 1,168
Profit and loss account 1,299,625 1,362,580
Shareholders' funds 1,308,211 1,371,166
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Burke
Director
Approved by the board on 31 July 2024
Burke Bros.(Cheltenham) Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% straight line
Plant and machinery 10% reducing balance
Fixtures, fittings and equipment 25% to 33% straight line
Motor vehicles 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Land and buildings Furniture fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 711,015 470,928 84,240 1,266,183
Additions - 8,620 - 8,620
At 31 May 2024 711,015 479,548 84,240 1,274,803
Depreciation
At 1 June 2023 185,314 342,778 54,114 582,206
Charge for the year 13,848 15,358 7,531 36,737
At 31 May 2024 199,162 358,136 61,645 618,943
Net book value
At 31 May 2024 511,853 121,412 22,595 655,860
At 31 May 2023 525,701 128,150 30,126 683,977
4 Investments
Other
investments
£
Cost
At 1 June 2023 2,905
At 31 May 2024 2,905
5 Debtors 2024 2023
£ £
Trade debtors 39,013 134,193
Other debtors 46,016 42,893
85,029 177,086
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 18,290 16,642
Taxation and social security costs 131,118 99,480
Other creditors 16,576 16,781
165,984 132,903
7 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts due to related parties 247,260 251,756
8 Controlling party
The company is controlled by the directors.
9 Other information
Burke Bros.(Cheltenham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hayricks Wharf
Tewkesbury Road
Cheltenham
Glos
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