Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseManufacture of other parts and accessories for motor vehicles2525truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01057517 2023-05-01 2024-04-30 01057517 2022-05-01 2023-04-30 01057517 2024-04-30 01057517 2023-04-30 01057517 c:Director1 2023-05-01 2024-04-30 01057517 d:Buildings 2023-05-01 2024-04-30 01057517 d:Buildings 2024-04-30 01057517 d:Buildings 2023-04-30 01057517 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01057517 d:MotorVehicles 2023-05-01 2024-04-30 01057517 d:MotorVehicles 2024-04-30 01057517 d:MotorVehicles 2023-04-30 01057517 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01057517 d:FurnitureFittings 2023-05-01 2024-04-30 01057517 d:FurnitureFittings 2024-04-30 01057517 d:FurnitureFittings 2023-04-30 01057517 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01057517 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01057517 d:CurrentFinancialInstruments 2024-04-30 01057517 d:CurrentFinancialInstruments 2023-04-30 01057517 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01057517 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01057517 d:ShareCapital 2024-04-30 01057517 d:ShareCapital 2023-04-30 01057517 d:RetainedEarningsAccumulatedLosses 2024-04-30 01057517 d:RetainedEarningsAccumulatedLosses 2023-04-30 01057517 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 01057517 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 01057517 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 01057517 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 01057517 c:FRS102 2023-05-01 2024-04-30 01057517 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01057517 c:FullAccounts 2023-05-01 2024-04-30 01057517 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01057517 2 2023-05-01 2024-04-30 01057517 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 01057517









BURTON PERFORMANCE CENTRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
BURTON PERFORMANCE CENTRE LIMITED
REGISTERED NUMBER: 01057517

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,411,480
142,579

Current assets
  

Stocks
  
1,145,200
861,258

Debtors: amounts falling due within one year
 5 
325,892
131,503

Cash at bank and in hand
  
1,463,051
2,859,175

  
2,934,143
3,851,936

Creditors: amounts falling due within one year
 6 
(1,253,109)
(695,600)

Net current assets
  
 
 
1,681,034
 
 
3,156,336

Provisions for liabilities
  

Deferred tax
  
(30,463)
-

Net assets
  
3,062,051
3,298,915


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,061,951
3,298,815

  
3,062,051
3,298,915


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.

Page 1

 
BURTON PERFORMANCE CENTRE LIMITED
REGISTERED NUMBER: 01057517
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 27 January 2025.




S J Burton
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Burton Performance Centre Limited ("the Company") is a private company limited by shares, registered in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

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.

Page 3

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.


 
2.9

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Motor vehicles
-
25%
reducing balance
Fixtures, fittings and equipment
-
25%
reducing balance

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 the Statement of comprehensive income.

Page 5

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet 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 the Statement of comprehensive income.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 25).

Page 6

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
-
191,933
241,129
433,062


Additions
1,278,019
-
37,904
1,315,923


Disposals
-
-
(25,626)
(25,626)



At 30 April 2024

1,278,019
191,933
253,407
1,723,359



Depreciation


At 1 May 2023
-
102,698
187,785
290,483


Charge for the year on owned assets
-
22,309
20,231
42,540


Disposals
-
-
(21,144)
(21,144)



At 30 April 2024

-
125,007
186,872
311,879



Net book value



At 30 April 2024
1,278,019
66,926
66,535
1,411,480



At 30 April 2023
-
89,235
53,344
142,579


5.


Debtors

2024
2023
£
£


Trade debtors
27,020
34,296

Other debtors
133,497
54,232

Prepayments and accrued income
38,710
42,975

Deferred taxation
126,665
-

325,892
131,503


Page 7

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
526,291
453,670

Corporation tax
70,604
68,815

Other taxation and social security
-
2,385

Other creditors
24,378
50,693

Accruals and deferred income
631,836
120,037

1,253,109
695,600



7.


Deferred taxation




2024


£






Charged to profit or loss
96,202



At end of year
96,202

The deferred tax balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(30,463)
-

Tax losses carried forward
126,665
-

96,202
-

Comprising:

Asset - due within one year
126,665
-

Liability
(30,463)
-

96,202
-


Page 8

 
BURTON PERFORMANCE CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £36,678 (2023 - £65,699).Contributions totalling £2,678 (2023 - £2,385) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9