Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-3115trueNo description of principal activityfalsefalsetrue2023-06-0116The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01566607 2023-06-01 2024-05-31 01566607 2022-06-01 2023-05-31 01566607 2024-05-31 01566607 2023-05-31 01566607 c:Director1 2023-06-01 2024-05-31 01566607 d:Buildings 2023-06-01 2024-05-31 01566607 d:Buildings 2024-05-31 01566607 d:Buildings 2023-05-31 01566607 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01566607 d:Buildings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01566607 d:PlantMachinery 2023-06-01 2024-05-31 01566607 d:PlantMachinery 2024-05-31 01566607 d:PlantMachinery 2023-05-31 01566607 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01566607 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01566607 d:MotorVehicles 2023-06-01 2024-05-31 01566607 d:MotorVehicles 2024-05-31 01566607 d:MotorVehicles 2023-05-31 01566607 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01566607 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01566607 d:FurnitureFittings 2023-06-01 2024-05-31 01566607 d:FurnitureFittings 2024-05-31 01566607 d:FurnitureFittings 2023-05-31 01566607 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01566607 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01566607 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01566607 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01566607 d:CurrentFinancialInstruments 2024-05-31 01566607 d:CurrentFinancialInstruments 2023-05-31 01566607 d:Non-currentFinancialInstruments 2024-05-31 01566607 d:Non-currentFinancialInstruments 2023-05-31 01566607 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01566607 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01566607 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01566607 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01566607 d:ShareCapital 2024-05-31 01566607 d:ShareCapital 2023-05-31 01566607 d:RetainedEarningsAccumulatedLosses 2024-05-31 01566607 d:RetainedEarningsAccumulatedLosses 2023-05-31 01566607 c:FRS102 2023-06-01 2024-05-31 01566607 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 01566607 c:FullAccounts 2023-06-01 2024-05-31 01566607 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01566607 d:HirePurchaseContracts d:WithinOneYear 2024-05-31 01566607 d:HirePurchaseContracts d:WithinOneYear 2023-05-31 01566607 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-05-31 01566607 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-05-31 01566607 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 01566607 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 01566607 2 2023-06-01 2024-05-31 01566607 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 01566607









BURLEY FABRICATIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
BURLEY FABRICATIONS LIMITED
 
 
  
ACCOUNTANT'S REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BURLEY FABRICATIONS LIMITED
FOR THE YEAR ENDED 31 MAY 2024

You consider that the Company is exempt from an audit for the year ended 31 May 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.

In accordance with your instructions, I have prepared the financial statements on pages 10 from the accounting records of the Company and on the basis of information and explanations you have given to me.

I have not carried out an audit or any other review, and consequently I do not express any opinion on these financial statements.

  










J D Pennington
Accountant
Granton Parkway Suite
Parkway Close
Sheffield
South Yorkshire
S9 4WJ
11 February 2025
Page 1

 
BURLEY FABRICATIONS LIMITED
REGISTERED NUMBER: 01566607

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
134,092
112,049

  
134,092
112,049

Current assets
  

Stocks
  
91,085
36,667

Debtors: amounts falling due within one year
 6 
329,932
595,831

Cash at bank and in hand
 7 
68,396
124,421

  
489,413
756,919

Creditors: amounts falling due within one year
 8 
(269,690)
(567,135)

Net current assets
  
 
 
219,723
 
 
189,784

Total assets less current liabilities
  
353,815
301,833

Creditors: amounts falling due after more than one year
 9 
(54,016)
(44,407)

Provisions for liabilities
  

Deferred tax
 11 
(25,477)
(21,289)

  
 
 
(25,477)
 
 
(21,289)

Net assets
  
274,322
236,137


Capital and reserves
  

Called up share capital 
  
50
50

Profit and loss account
  
274,272
236,087

  
274,322
236,137


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 2

 
BURLEY FABRICATIONS LIMITED
REGISTERED NUMBER: 01566607
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The Company has opted not to file the statement of comprehensive income 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 11 February 2025.











J K Burkinshaw
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Burley Fabrications Limited is a private company limited by shares incorporated in England & Wales. The registered office is Unit 10, 35 Catley Road, Darnall, Sheffield, S9 5JF, England.

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

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Page 4

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss 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.

 
2.6

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 profit or loss 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.

 
2.7

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.
Page 5

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

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, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
5%
straight line
Plant & machinery
-
10%
straight line
Motor vehicles
-
25%
straight line
Fixtures & fittings
-
10%
straight line

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 profit or loss.

 
2.9

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 profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 6

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 15 (2023 - 16).


4.


Dividends

2024
2023
£
£


Ordinary shares
36,000
16,000

36,000
16,000

Page 7

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
29,900
174,609
102,942
51,903
359,354


Additions
-
760
50,323
740
51,823


Disposals
-
-
(19,305)
-
(19,305)



At 31 May 2024

29,900
175,369
133,960
52,643
391,872



Depreciation


At 1 June 2023
16,445
151,561
35,462
43,837
247,305


Charge for the year on owned assets
1,495
2,050
-
595
4,140


Charge for the year on financed assets
-
-
20,840
-
20,840


Disposals
-
-
(14,505)
-
(14,505)



At 31 May 2024

17,940
153,611
41,797
44,432
257,780



Net book value



At 31 May 2024
11,960
21,758
92,163
8,211
134,092



At 31 May 2023
13,455
23,048
67,480
8,066
112,049


6.


Debtors

2024
2023
£
£


Trade debtors
306,705
577,422

Other debtors
2,050
-

Prepayments and accrued income
21,177
18,409

329,932
595,831


Page 8

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
68,396
124,421

68,396
124,421



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
166,869
448,196

Corporation tax
12,987
10,087

Other taxation and social security
32,216
55,334

Obligations under finance lease and hire purchase contracts
26,700
16,603

Other creditors
26,945
30,914

Accruals and deferred income
3,973
6,001

269,690
567,135



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
54,016
44,407

54,016
44,407



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
26,700
16,603

Between 1-5 years
54,016
44,407

80,716
61,010

Page 9

 
BURLEY FABRICATIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

11.


Deferred taxation




2024


£






At beginning of year
(21,289)


Charged to profit or loss
(4,188)



At end of year
(25,477)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(25,477)
(21,289)

(25,477)
(21,289)


12.


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 £4,058 (2023 - £4,755).

 
Page 10