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REGISTERED NUMBER: 08103343 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S BURGESS & CO LIMITED

S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S BURGESS & CO LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S Burgess
C A Hale





SECRETARY: Mrs J Burgess





REGISTERED OFFICE: 11 Slayleigh Avenue
Fulwood
Sheffield
South Yorkshire
S10 3RA





REGISTERED NUMBER: 08103343 (England and Wales)





ACCOUNTANTS: S Burgess & Co Ltd
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,015 1,354
1,015 1,354

CURRENT ASSETS
Debtors 6 49,087 86,249
Cash at bank 572,994 495,118
622,081 581,367
CREDITORS
Amounts falling due within one year 7 80,100 84,488
NET CURRENT ASSETS 541,981 496,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,996

498,233

PROVISIONS FOR LIABILITIES 223 298
NET ASSETS 542,773 497,935

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 542,573 497,735
SHAREHOLDERS' FUNDS 542,773 497,935

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.

S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

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 11 November 2024 and were signed on its behalf by:




S Burgess - Director



C A Hale - Director


S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

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

1. STATUTORY INFORMATION

S Burgess & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the net invoiced value of audit, accountancy and taxation services, excluding value added tax. Turnover is recognised on the completion of each contract assignment, in accordance with the contract terms, and by reference to the valuation of time spent.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.


S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Work in progress
Income on work in progress contracts is recognised by reference to the valuation of the time spent on each contract, at the year end.

Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to reflect fairly the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.

Impairment
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 229,166
AMORTISATION
At 1 April 2023
and 31 March 2024 229,166
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 5,174
DEPRECIATION
At 1 April 2023 3,820
Charge for year 339
At 31 March 2024 4,159
NET BOOK VALUE
At 31 March 2024 1,015
At 31 March 2023 1,354

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 37,031 77,647
Amounts recoverable on
contracts 12,056 8,602
49,087 86,249

S BURGESS & CO LIMITED (REGISTERED NUMBER: 08103343)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,053 4,114
Corporation tax 38,634 22,430
Social security and other taxes 183 -
VAT 19,503 27,362
Directors' current accounts 20,727 30,054
Accrued expenses - 528
80,100 84,488