Registered number
05460739
Butler Toll Limited
Filleted Accounts
30 September 2024
Butler Toll Limited
Registered number: 05460739
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,949 3,897
Tangible assets 4 9,591 10,161
Investments 5 - 20
11,540 14,078
Current assets
Debtors 6 630,762 632,573
Cash at bank and in hand 5,124 -
635,886 632,573
Creditors: amounts falling due within one year 7 (82,527) (97,147)
Net current assets 553,359 535,426
Total assets less current liabilities 564,899 549,504
Creditors: amounts falling due after more than one year 8 (25,141) (30,054)
Provisions for liabilities 7 (57,002) (25,000)
Net assets 482,756 494,451
Capital and reserves
Called up share capital 10,000 10,000
Profit and loss account 472,756 484,451
Shareholders' funds 482,756 494,451
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R H Butler A Westall J P Flindall
Director Director Director
Approved by the board on 6 January 2025
Butler Toll Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 5,846
At 30 September 2024 5,846
Amortisation
At 1 October 2023 1,949
Provided during the year 1,948
At 30 September 2024 3,897
Net book value
At 30 September 2024 1,949
At 30 September 2023 3,897
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2023 2,300 63,316 65,616
Additions - 3,603 3,603
Disposals (2,300) (44,691) (46,991)
At 30 September 2024 - 22,228 22,228
Depreciation
At 1 October 2023 2,300 53,155 55,455
Charge for the year - 4,238 4,238
On disposals (2,300) (44,756) (47,056)
At 30 September 2024 - 12,637 12,637
Net book value
At 30 September 2024 - 9,591 9,591
At 30 September 2023 - 10,161 10,161
5 Investments
Other
investments
£
Cost
At 1 October 2023 20
Disposals (20)
At 30 September 2024 -
6 Debtors 2024 2023
£ £
Trade debtors 85 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 474,192 489,034
Prepayments and accrued income 147,066 142,607
Other debtors 9,419 932
630,762 632,573
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 27,765 26,606
Trade creditors 12,113 10,775
Taxation and social security costs 22,851 36,682
Creditors: Accruals and deferred income 19,798 23,083
82,527 97,147
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,141 30,054
9 Provisions for liabilities 2024 2023
£ £
Policy Servicing Provision 57,002 25,000
57,002 25,000
10 Related party transactions
Butler Toll Limited and Butler Toll Services Limited are subsidiaries of the Butler Toll Holdings group.
The company incurred charges of £24,000 (2023: £24,000) from Butler Toll Services.
At 30 September 2024, the company was owed £219,670 (2023: £236,832) by Butler Toll Services Limited and was owed £254,522 (2023: £252,202) from Butler Toll Holdings Limited. The balance owing at the balance sheet date is included within Debtors . The loans are interest free and repayable upon demand.
The company paid salaries to the directors of £227,338.73 (2023: £225,400).
11 Controlling party
Butler Toll Holdings Limited is the immediate controlling party.
12 Other information
Butler Toll Limited is a private company limited by shares and incorporated in England. Its registered office is:
Regus House
Windmill Hill Business Park
Whitehill Way
Swindon
SN5 6QR
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