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REGISTERED NUMBER: SC328455 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

H & J Burgoyne (Van Sales) Limited

H & J Burgoyne (Van Sales) Limited (Registered number: SC328455)






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 (Van Sales) Limited (Registered number: SC328455)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,932 27,564

CURRENT ASSETS
Stocks 544,457 608,793
Debtors 5 250,921 12,322
Cash at bank 47,389 176,414
842,767 797,529
CREDITORS
Amounts falling due within one year 6 (229,885 ) (168,160 )
NET CURRENT ASSETS 612,882 629,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,814

656,933

CREDITORS
Amounts falling due after more than one
year

7

(12,231

)

(22,435

)

PROVISIONS FOR LIABILITIES (5,599 ) (6,890 )
NET ASSETS 619,984 627,608

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 619,982 627,606
SHAREHOLDERS' FUNDS 619,984 627,608

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 (Van Sales) Limited (Registered number: SC328455)

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 (Van Sales) Limited (Registered number: SC328455)

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

1. STATUTORY INFORMATION

H & J Burgoyne (Van Sales) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC328455. 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 vehicle sales and 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.
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 (Van Sales) Limited (Registered number: SC328455)

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

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 23,570 11,251 73,629 1,114 109,564
Additions 2,615 - 5,000 - 7,615
Disposals - - (12,888 ) - (12,888 )
At 31 March 2024 26,185 11,251 65,741 1,114 104,291
DEPRECIATION
At 1 April 2023 21,465 10,307 49,114 1,114 82,000
Charge for year 611 240 6,684 - 7,535
Eliminated on disposal - - (10,176 ) - (10,176 )
At 31 March 2024 22,076 10,547 45,622 1,114 79,359
NET BOOK VALUE
At 31 March 2024 4,109 704 20,119 - 24,932
At 31 March 2023 2,105 944 24,515 - 27,564

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,615 5,971
Other debtors 246,306 6,351
250,921 12,322

H & J Burgoyne (Van Sales) Limited (Registered number: SC328455)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,204 9,953
Trade creditors 24,548 21,641
Taxation and social security 56,077 30,794
Other creditors 139,056 105,772
229,885 168,160

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the following amounts were advanced to directors:-

H Burgoyne £120,309 (2023:- £Nil)
J Burgoyne £120,309 (2023:- £Nil)