Company Registration No. 07548371 (England and Wales)
Burg Freight Limited
Unaudited accounts
for the year ended 29 February 2024
Burg Freight Limited
Unaudited accounts
Contents
Burg Freight Limited
Company Information
for the year ended 29 February 2024
Company Number
07548371 (England and Wales)
Registered Office
10 Heron Drive
Uttoxeter
Staffordshire
ST14 8TN
Accountants
Thursfields Accountancy Limited
Business Lodge, Trent House
234 Victoria Road
Stoke-on-Trent
Staffordshire
ST4 2LW
Burg Freight Limited
Statement of financial position
as at 29 February 2024
Tangible assets
26,360
9,844
Cash at bank and in hand
12,454
10,670
Creditors: amounts falling due within one year
(11,691)
(10,879)
Net current assets
29,635
30,579
Total assets less current liabilities
55,995
40,423
Creditors: amounts falling due after more than one year
(14,445)
(19,571)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
36,541
20,851
Shareholders' funds
36,542
20,852
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 November 2024 and were signed on its behalf by
S Burgess
Director
Company Registration No. 07548371
Burg Freight Limited
Notes to the Accounts
for the year ended 29 February 2024
Burg Freight Limited is a private company, limited by shares, registered in England and Wales, registration number 07548371. The registered office is 10 Heron Drive, Uttoxeter, Staffordshire, ST14 8TN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% reducing balance
Motor vehicles
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Burg Freight Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Total
At 29 February 2024
38,864
At 29 February 2024
12,504
At 29 February 2024
26,360
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).