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Burley Fox Limited

Financial Statements for the Year Ended 30 April 2024






Burley Fox Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: P J Fox
P S J Burley





REGISTERED OFFICE: 20 Cathedral Road
Cardiff
CF11 9LJ





REGISTERED NUMBER: 08644340 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Burley Fox Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burley Fox Limited for the year ended 30 April 2024 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Burley Fox Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burley Fox Limited and state those matters that we have agreed to state to the Board of Directors of Burley Fox Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burley Fox Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Burley Fox Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burley Fox Limited. You consider that Burley Fox Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Burley Fox Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


29 January 2025

Burley Fox Limited (Registered number: 08644340)

Balance Sheet
30 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 3 12,396 13,207
Tangible assets 4 4,656 8,312
17,052 21,519

CURRENT ASSETS
Debtors 5 65,944 72,120
Cash at bank and in hand 241,103 322,031
307,047 394,151
CREDITORS
Amounts falling due within one year 6 202,319 167,292
NET CURRENT ASSETS 104,728 226,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,780

248,378

PROVISIONS FOR LIABILITIES 1,200 2,000
NET ASSETS 120,580 246,378

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 110,580 236,378
SHAREHOLDERS' FUNDS 120,580 246,378

Burley Fox Limited (Registered number: 08644340)

Balance Sheet - continued
30 April 2024


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 directors acknowledge their 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





P J Fox - Director


Burley Fox Limited (Registered number: 08644340)

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


1. 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.

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.

Debentures are being amortised evenly over their estimated useful life to 31 August 2050.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

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.

Pension costs
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.

Burley Fox Limited (Registered number: 08644340)

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


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

3. INTANGIBLE FIXED ASSETS
Debenture
£
COST
At 1 May 2023
and 30 April 2024 38,850
AMORTISATION
At 1 May 2023 25,643
Amortisation for year 811
At 30 April 2024 26,454
NET BOOK VALUE
At 30 April 2024 12,396
At 30 April 2023 13,207

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 May 2023 41,925 33,154 75,079
Additions - 534 534
At 30 April 2024 41,925 33,688 75,613
DEPRECIATION
At 1 May 2023 40,416 26,351 66,767
Charge for year 947 3,243 4,190
At 30 April 2024 41,363 29,594 70,957
NET BOOK VALUE
At 30 April 2024 562 4,094 4,656
At 30 April 2023 1,509 6,803 8,312

Burley Fox Limited (Registered number: 08644340)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 6,193 2,925
Other debtors & prepayments 59,751 69,195
65,944 72,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 8,162 8,495
Taxes & social security costs 119,594 105,012
Other creditors & accruals 74,563 53,785
202,319 167,292