Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30122023-05-01falseNo description of principal activity13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00459011 2023-05-01 2024-04-30 00459011 2022-05-01 2023-04-30 00459011 2024-04-30 00459011 2023-04-30 00459011 c:Director1 2023-05-01 2024-04-30 00459011 d:Buildings 2023-05-01 2024-04-30 00459011 d:Buildings 2024-04-30 00459011 d:Buildings 2023-04-30 00459011 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00459011 d:PlantMachinery 2023-05-01 2024-04-30 00459011 d:PlantMachinery 2024-04-30 00459011 d:PlantMachinery 2023-04-30 00459011 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00459011 d:MotorVehicles 2023-05-01 2024-04-30 00459011 d:MotorVehicles 2024-04-30 00459011 d:MotorVehicles 2023-04-30 00459011 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00459011 d:FurnitureFittings 2023-05-01 2024-04-30 00459011 d:FurnitureFittings 2024-04-30 00459011 d:FurnitureFittings 2023-04-30 00459011 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00459011 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00459011 d:CurrentFinancialInstruments 2024-04-30 00459011 d:CurrentFinancialInstruments 2023-04-30 00459011 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00459011 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00459011 d:ShareCapital 2024-04-30 00459011 d:ShareCapital 2023-04-30 00459011 d:OtherMiscellaneousReserve 2024-04-30 00459011 d:OtherMiscellaneousReserve 2023-04-30 00459011 d:RetainedEarningsAccumulatedLosses 2024-04-30 00459011 d:RetainedEarningsAccumulatedLosses 2023-04-30 00459011 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 00459011 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 00459011 c:OrdinaryShareClass1 2023-05-01 2024-04-30 00459011 c:OrdinaryShareClass1 2024-04-30 00459011 c:FRS102 2023-05-01 2024-04-30 00459011 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00459011 c:FullAccounts 2023-05-01 2024-04-30 00459011 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00459011 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 00459011







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


JOHN BURGESS & CO. LIMITED






































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JOHN BURGESS & CO. LIMITED
REGISTERED NUMBER:00459011



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
360,682
358,324

  
360,682
358,324

Current assets
  

Stocks
  
4,282,491
3,202,989

Debtors: amounts falling due within one year
 6 
123,143
65,090

Cash at bank and in hand
  
1,498,105
3,440,756

  
5,903,739
6,708,835

Creditors: amounts falling due within one year
 7 
(58,746)
(69,796)

Net current assets
  
 
 
5,844,993
 
 
6,639,039

Total assets less current liabilities
  
6,205,675
6,997,363

Provisions for liabilities
  

Deferred tax
  
(3,157)
-

  
 
 
(3,157)
 
 
-

Net assets
  
6,202,518
6,997,363


Capital and reserves
  

Called up share capital 
 9 
75,816
75,816

Other reserves
  
3,902
3,902

Profit and loss account
  
6,122,800
6,917,645

  
6,202,518
6,997,363


Page 1

 


JOHN BURGESS & CO. LIMITED
REGISTERED NUMBER:00459011


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




A E Burgess
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

John 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
50 years
Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 13).

Page 5

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
418,175
377,616
157,291
35,922
989,004


Additions
-
-
12,478
-
12,478


Disposals
-
(59,122)
(18,630)
-
(77,752)



At 30 April 2024

418,175
318,494
151,139
35,922
923,730



Depreciation


At 1 May 2023
61,120
377,616
157,284
34,660
630,680


Charge for the year on owned assets
8,308
-
1,560
252
10,120


Disposals
-
(59,122)
(18,630)
-
(77,752)



At 30 April 2024

69,428
318,494
140,214
34,912
563,048



Net book value



At 30 April 2024
348,747
-
10,925
1,010
360,682



At 30 April 2023
357,055
-
7
1,262
358,324


5.


Stocks

2024
2023
£
£

Work in progress (goods to be sold)
2,481,195
1,401,693

Finished goods and goods for resale
1,801,296
1,801,296

4,282,491
3,202,989


Page 6

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
14,814
16,230

Other debtors
83,894
25,485

Prepayments and accrued income
24,435
22,313

Deferred taxation
-
1,062

123,143
65,090



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
16,734
33,997

Other taxation and social security
21,122
25,439

Other creditors
15,690
4,770

Accruals and deferred income
5,200
5,590

58,746
69,796



8.


Deferred taxation




2024


£






At beginning of year
1,062


Charged to profit or loss
(4,219)



At end of year
(3,157)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,157)
1,062

(3,157)
1,062

Page 7

 


JOHN BURGESS & CO. LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



75,816  Ordinary shares of £1.00 each
75,816
75,816



10.


Related party transactions

Transactions between related parties (Burgess Properties) relating to the investment property were carried out at market value.

 
Page 8