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REGISTERED NUMBER: 10863654 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Burns & Turner Limited

Burns & Turner Limited (Registered number: 10863654)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Burns & Turner Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: S A Burns
J M Turner
D Thompson



REGISTERED OFFICE: 2 Orchard Court
North Shields
Tyne & Wear
NE29 9LR



REGISTERED NUMBER: 10863654 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: HSBC
110 Grey Street
Newcastle upon Tyne
NE1 6JG

Burns & Turner Limited (Registered number: 10863654)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,346 55,696

CURRENT ASSETS
Debtors 5 164,907 149,250
Cash at bank 35,575 8,077
200,482 157,327
CREDITORS
Amounts falling due within one year 6 80,509 50,552
NET CURRENT ASSETS 119,973 106,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,319

162,471

CREDITORS
Amounts falling due after more than one
year

7

(155,221

)

(151,551

)

PROVISIONS FOR LIABILITIES (11,068 ) (10,583 )
NET ASSETS 30 337

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 20 327
SHAREHOLDERS' FUNDS 30 337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Burns & Turner Limited (Registered number: 10863654)

Statement of Financial Position - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





J M Turner - Director


Burns & Turner Limited (Registered number: 10863654)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Burns & Turner 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.

The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

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

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

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Hire purchase and leasing commitments
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 4 (2023 - 8 ) .

Burns & Turner Limited (Registered number: 10863654)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
Software fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 60,849 2,107 16,007 78,963
Additions 9,200 - 766 9,966
At 31 May 2024 70,049 2,107 16,773 88,929
DEPRECIATION
At 1 June 2023 12,001 1,221 10,045 23,267
Charge for year 15,407 563 3,346 19,316
At 31 May 2024 27,408 1,784 13,391 42,583
NET BOOK VALUE
At 31 May 2024 42,641 323 3,382 46,346
At 31 May 2023 48,848 886 5,962 55,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,074 3,641
Amounts recoverable on contract 39,581 21,694
Other debtors 118,252 123,915
164,907 149,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 36,333 36,333
Taxation and social security 40,941 11,227
Other creditors 3,235 2,992
80,509 50,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 155,221 151,551

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,183 8,914

Burns & Turner Limited (Registered number: 10863654)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 36,333 36,333

Amounts falling due between one and two years:
Bank loans - 1-2 years 36,333 36,333

Amounts falling due between two and five years:
Bank loans - 2-5 years 113,705 106,304

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,183 8,914

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
S A Burns
Balance outstanding at start of year 58,325 24,094
Amounts advanced 43,716 51,831
Amounts repaid (55,281 ) (17,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,760 58,325

J M Turner
Balance outstanding at start of year 57,119 23,264
Amounts advanced 43,500 56,455
Amounts repaid (55,041 ) (22,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,578 57,119