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REGISTERED NUMBER: SC299193 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

H & J Burgoyne Limited

H & J Burgoyne Limited (Registered number: SC299193)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


H & J Burgoyne Limited (Registered number: SC299193)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 191,794 210,445

CURRENT ASSETS
Stocks 159,633 127,250
Debtors 5 297,302 379,637
Cash at bank 73,215 86,506
530,150 593,393
CREDITORS
Amounts falling due within one year 6 (208,943 ) (240,926 )
NET CURRENT ASSETS 321,207 352,467
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,001

562,912

CREDITORS
Amounts falling due after more than one
year

7

(12,231

)

(22,435

)

PROVISIONS FOR LIABILITIES (2,220 ) (6,640 )
NET ASSETS 498,550 533,837

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 498,548 533,835
SHAREHOLDERS' FUNDS 498,550 533,837

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

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

H & J Burgoyne Limited (Registered number: SC299193)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:




H Burgoyne - Director



J Burgoyne - Director


H & J Burgoyne Limited (Registered number: SC299193)

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

1. STATUTORY INFORMATION

H & J Burgoyne Limited is a private company, limited by shares, domiciled in Scotland, registration number SC299193. The registered office is Halls of Airth, Lightbodies Corner Airth, Stirlingshire, FK2 8PN.

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.

Turnover
Turnover represents net invoiced sales of goods and services in respect of car bodyshop repair services, excluding value added tax. Sales are recognised at the point at which the goods are transferred and the service is complete.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 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.

H & J Burgoyne Limited (Registered number: SC299193)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 161,665 192,990 12,098
Additions - 2,615 -
At 31 March 2024 161,665 195,605 12,098
DEPRECIATION
At 1 April 2023 28,215 167,743 9,361
Charge for year 3,233 6,367 684
At 31 March 2024 31,448 174,110 10,045
NET BOOK VALUE
At 31 March 2024 130,217 21,495 2,053
At 31 March 2023 133,450 25,247 2,737

H & J Burgoyne Limited (Registered number: SC299193)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 112,689 3,111 482,553
Additions 1,500 - 4,115
At 31 March 2024 114,189 3,111 486,668
DEPRECIATION
At 1 April 2023 63,678 3,111 272,108
Charge for year 12,482 - 22,766
At 31 March 2024 76,160 3,111 294,874
NET BOOK VALUE
At 31 March 2024 38,029 - 191,794
At 31 March 2023 49,011 - 210,445

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 201,416 282,980
Other debtors 95,886 96,657
297,302 379,637

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,204 9,952
Trade creditors 64,473 161,544
Taxation and social security 60,856 54,035
Other creditors 73,410 15,395
208,943 240,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,231 22,435