Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31true2023-06-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10792670 2023-06-01 2024-05-31 10792670 2022-06-01 2023-05-31 10792670 2024-05-31 10792670 2023-05-31 10792670 c:Director1 2023-06-01 2024-05-31 10792670 c:Director2 2023-06-01 2024-05-31 10792670 c:RegisteredOffice 2023-06-01 2024-05-31 10792670 d:Buildings 2023-06-01 2024-05-31 10792670 d:Buildings 2024-05-31 10792670 d:Buildings 2023-05-31 10792670 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792670 d:PlantMachinery 2023-06-01 2024-05-31 10792670 d:PlantMachinery 2024-05-31 10792670 d:PlantMachinery 2023-05-31 10792670 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792670 d:FurnitureFittings 2023-06-01 2024-05-31 10792670 d:FurnitureFittings 2024-05-31 10792670 d:FurnitureFittings 2023-05-31 10792670 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792670 d:OfficeEquipment 2023-06-01 2024-05-31 10792670 d:OfficeEquipment 2024-05-31 10792670 d:OfficeEquipment 2023-05-31 10792670 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792670 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 10792670 d:CurrentFinancialInstruments 2024-05-31 10792670 d:CurrentFinancialInstruments 2023-05-31 10792670 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 10792670 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10792670 d:ShareCapital 2024-05-31 10792670 d:ShareCapital 2023-05-31 10792670 d:RetainedEarningsAccumulatedLosses 2024-05-31 10792670 d:RetainedEarningsAccumulatedLosses 2023-05-31 10792670 c:OrdinaryShareClass1 2023-06-01 2024-05-31 10792670 c:OrdinaryShareClass1 2024-05-31 10792670 c:OrdinaryShareClass1 2023-05-31 10792670 c:FRS102 2023-06-01 2024-05-31 10792670 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10792670 c:FullAccounts 2023-06-01 2024-05-31 10792670 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10792670 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 10792670 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 10792670 2 2023-06-01 2024-05-31 10792670 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10792670










Burton P M Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2024

 
Burton P M Limited
 

Company Information


Directors
Mr P J Burton 
Mrs S J Knell 




Registered number
10792670



Registered office
37 St. Margarets Street

Canterbury

Kent

CT1 2TU




Accountants
Kreston Reeves LLP
Chartered Accountants

37 St Margaret's Street

Canterbury

Kent

CT1 2TU





 
Burton P M Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Burton P M Limited for the year ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burton P M Limited for the year ended 31 May 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Burton P M Limited, as a body, in accordance with the terms of our engagement letter dated 25/02/2025Our work has been undertaken solely to prepare for your approval the financial statements of Burton P M Limited and state those matters that we have agreed to state to the Board of directors of Burton P M Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burton P M Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Burton P M 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 Burton P M Limited. You consider that Burton P M Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Burton P M 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.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
27 February 2025
Page 1

 
Burton P M Limited
Registered number: 10792670

Balance sheet
As at 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
74,095
70,099

  
74,095
70,099

Current assets
  

Debtors: amounts falling due within one year
 5 
12,061
21,288

Cash at bank and in hand
  
8,605
19,863

  
20,666
41,151

Creditors: amounts falling due within one year
 6 
(79,086)
(83,015)

Net current liabilities
  
 
 
(58,420)
 
 
(41,864)

Total assets less current liabilities
  
15,675
28,235

Provisions for liabilities
  

Deferred tax
  
(2,428)
-

  
 
 
(2,428)
 
 
-

Net assets
  
13,247
28,235


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
13,147
28,135

  
13,247
28,235


Page 2

 
Burton P M Limited
Registered number: 10792670

Balance sheet (continued)
As at 31 May 2024

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.

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 by: 




Mr P J Burton
Director
Date: 27 February 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

1.


General information

Burton P M Ltd is a private company limited by shares which was incorporated in England and Wales, with the registration number 10792670. 
The company's registered office address is 37 St. Margaret's Street, Canterbury, Kent, CT1 2TU. 
The financial statements are presented in pound Sterling, and rounded to the nearest pound.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

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:

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

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.

Page 4

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

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:

Property improvements
-
10%
Plant and machinery
-
10 - 20%
Fixtures and fittings
-
10%
Office equipment
-
20%

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.


 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Interest income

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

Page 5

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

2.Accounting policies (continued)

 
2.10

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.


 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 6

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

4.


Tangible fixed assets





Improvements to property
Plant and machinery
Fixtures and fittings
Office equipment

£
£
£
£



Cost or valuation


At 1 June 2023
70,693
22,927
2,912
10,308


Additions
-
13,024
-
2,558



At 31 May 2024

70,693
35,951
2,912
12,866



Depreciation


At 1 June 2023
18,718
6,944
1,164
9,915


Charge for the year on owned assets
7,069
3,518
291
708



At 31 May 2024

25,787
10,462
1,455
10,623



Net book value



At 31 May 2024
44,906
25,489
1,457
2,243



At 31 May 2023
51,975
15,983
1,748
393

Total

£



Cost or valuation


At 1 June 2023
106,840


Additions
15,582



At 31 May 2024

122,422



Depreciation


At 1 June 2023
36,741


Charge for the year on owned assets
11,586



At 31 May 2024

48,327



Net book value



At 31 May 2024
74,095



At 31 May 2023
70,099

Page 7

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,890
20,890

Prepayments and accrued income
171
398

12,061
21,288



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
1,076

Corporation tax
11,627
14,456

Other taxation and social security
5,064
11,461

Other creditors
59,305
53,082

Accruals and deferred income
3,090
2,940

79,086
83,015



7.


Deferred taxation




2024


£






Charged to profit or loss
(2,428)



At end of year
(2,428)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,428)
-

Page 8

 
Burton P M Limited
 

 
Notes to the financial statements
For the year ended 31 May 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Controlling party

The company is under the ultimate control of P J Burton and S J Knell by virtue of their joint shareholding. 


Page 9