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REGISTERED NUMBER: 05225561 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BUN SYMES CONTRACTING LIMITED

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUN SYMES CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr R B D Symes





REGISTERED OFFICE: Werrar Farm
Stag Lane
Newport
Isle of Wight
PO30 5TU





REGISTERED NUMBER: 05225561 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 15,041 17,416
Tangible assets 5 819,638 331,891
Investments 6 1,159 1,159
835,838 350,466

CURRENT ASSETS
Stocks 30,983 28,458
Debtors 7 97,005 95,785
Cash at bank 29,405 33,186
157,393 157,429
CREDITORS
Amounts falling due within one year 8 281,379 185,011
NET CURRENT LIABILITIES (123,986 ) (27,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,852

322,884

CREDITORS
Amounts falling due after more than one
year

9

(435,547

)

(166,419

)

PROVISIONS FOR LIABILITIES (154,320 ) (61,392 )
NET ASSETS 121,985 95,073

CAPITAL AND RESERVES
Called up share capital 11 20 20
Retained earnings 121,965 95,053
SHAREHOLDERS' FUNDS 121,985 95,073

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.

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





Mr R B D Symes - Director


BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

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


1. STATUTORY INFORMATION

Bun Symes Contracting 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023
and 30 April 2024 47,500
AMORTISATION
At 1 May 2023 30,084
Amortisation for year 2,375
At 30 April 2024 32,459
NET BOOK VALUE
At 30 April 2024 15,041
At 30 April 2023 17,416

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 May 2023 1,182,960 56,303 1,239,263
Additions 584,759 5,500 590,259
At 30 April 2024 1,767,719 61,803 1,829,522
DEPRECIATION
At 1 May 2023 867,838 39,534 907,372
Charge for year 98,658 3,854 102,512
At 30 April 2024 966,496 43,388 1,009,884
NET BOOK VALUE
At 30 April 2024 801,223 18,415 819,638
At 30 April 2023 315,122 16,769 331,891

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£
COST
At 1 May 2023
and 30 April 2024 360,826
DEPRECIATION
At 1 May 2023
and 30 April 2024 105,072
NET BOOK VALUE
At 30 April 2024 255,754
At 30 April 2023 255,754

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£
COST
At 1 May 2023
and 30 April 2024 1,159
NET BOOK VALUE
At 30 April 2024 1,159
At 30 April 2023 1,159

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 47,962 69,838
Other debtors 30,977 17,977
VAT 13,096 3,268
Prepayments 4,970 4,702
97,005 95,785

Other debtors consist of an amount due from Black Dog Biogas Limited, a company of which Mr Symes is a director, of £7,377 (2023: £7,377) and an amount owed from S Symes of £23,600 (2023: £10,600).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts (see note 10) 67,033 28,092
Hire purchase contracts 134,461 44,254
Trade creditors 72,379 101,728
Social security and other taxes 1,377 967
Other creditors 370 4,766
Directors' current accounts 736 297
Accrued expenses 5,023 4,907
281,379 185,011

Other creditors consists of amount due to credit card company £150 (2023: £3,565), pension contributions due of £220 (2023: £46) and net wages due of £Nil (2023: £1,155).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans (see note 10) 19,684 37,888
Hire purchase contracts 415,863 128,531
435,547 166,419

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 50,261 10,660
Bank loans 16,772 17,432
67,033 28,092

BUN SYMES CONTRACTING LIMITED (REGISTERED NUMBER: 05225561)

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


10. LOANS - continued
2024 2023
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 19,684 37,888

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary A £1 10 10
6 Ordinary B £1 6 6
4 Ordinary C £1 4 4
20 20

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R B D Symes, by virtue of his majority shareholdings.