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REGISTERED NUMBER: 04662499 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Stephen J. Burton Limited

Stephen J. Burton Limited (Registered number: 04662499)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stephen J. Burton Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr S J Burton





SECRETARY: Mrs S Burton





REGISTERED OFFICE: Broadway House
Trinity Place
Bexleyheath
Kent
DA6 7BG





REGISTERED NUMBER: 04662499 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Stephen J. Burton Limited (Registered number: 04662499)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 5 999,925 670,407
Cash at bank 24,787 84,475
1,024,712 754,882
CREDITORS
Amounts falling due within one year 6 107,753 85,648
NET CURRENT ASSETS 916,959 669,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

916,959

669,234

CAPITAL AND RESERVES
Called up share capital 7 1,001 1,001
Revaluation reserve 8 119,137 131,190
Retained earnings 8 796,821 537,043
SHAREHOLDERS' FUNDS 916,959 669,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr S J Burton - Director


Stephen J. Burton Limited (Registered number: 04662499)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stephen J. Burton 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.

Turnover
Turnover represents the company's share of the profits of the partnerships.

Goodwill
Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - twenty 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 650,000
AMORTISATION
At 1 May 2023
and 30 April 2024 650,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Goodwill arose on the purchase of the company's share in the partnership.

Stephen J. Burton Limited (Registered number: 04662499)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Due from partnership 777,667 646,456
Other debtors 199,454 3,608
Directors' current accounts 22,804 20,343
999,925 670,407

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 105,758 83,541
Social security and other taxes - 433
Other creditors 15 -
Accruals and deferred income 1,980 1,674
107,753 85,648

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
864 Ordinary A £1 864 864
1 Ordinary B £1 1 1
68 Ordinary C £1 68 68
68 Ordinary D £1 68 68
1,001 1,001

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 537,043 131,190 668,233
Profit for the year 312,748 312,748
Dividends (65,023 ) (65,023 )
Transfer from revaluation reserve 12,053 (12,053 ) -
At 30 April 2024 796,821 119,137 915,958

Stephen J. Burton Limited (Registered number: 04662499)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr S J Burton
Balance outstanding at start of year 20,343 19,835
Amounts advanced 95,655 72,946
Amounts repaid (93,194 ) (72,438 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,804 20,343

The director's loan account was repaid within nine months of the year end. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.

10. RELATED PARTY DISCLOSURES

During the year the company transacted with a company under common control and in which Mr Stephen Burton was also a director, with a balance owed to Stephen J. Burton Limited at the year end of £199,454 (2023: £Nil). During the year an intercompany loan balance of £Nil (2023: £320,480) was written off.