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REGISTERED NUMBER: 01195047 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

BURLINGTON UNIFORMS LIMITED

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURLINGTON UNIFORMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: A J Hewitt
A J A Hewitt





SECRETARY: A J Hewitt





REGISTERED OFFICE: 10 London Mews
London
LONDON
W2 1HY





REGISTERED NUMBER: 01195047 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
London
W21HY

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153,574 159,837
Investments 5 25,604 22,964
179,178 182,801

CURRENT ASSETS
Stocks 1,281,967 1,053,434
Debtors 6 466,522 268,730
Cash at bank 26,086 23,032
1,774,575 1,345,196
CREDITORS
Amounts falling due within one year 7 1,219,790 751,291
NET CURRENT ASSETS 554,785 593,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,963

776,706

CREDITORS
Amounts falling due after more than one
year

8

-

28,363
NET ASSETS 733,963 748,343

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 9 (2,988 ) (4,028 )
Retained earnings 9 736,751 752,171
SHAREHOLDERS' FUNDS 733,963 748,343

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.

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





A J A Hewitt - Director


BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Burlington Uniforms 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Revenue arises from the sale of goods and is recognised on the raising of the sales invoice on completion of delivery.

Tangible fixed assets
Tangible fixed assets 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 ny management.

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.
Short leasehold - over the term of the lease
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33.33% straight line


The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable.

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

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments/receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised costs using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the year comprises current year and prior year tax as applicable. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Taxation assets and liabilities are not discounted.
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.

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 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.

Operating Leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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 contributes to a defined contribution work place pension scheme held outside the company. Contributions are charged to the profit and loss in the period to which they relate.

Fixed asset investments
Fixed assets investments are measured at fair value at the balance sheet date. Any revaluations/impairments are initially recognised in the profit and loss for the year and then transferred to the fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2023 227,582 69,796 283,936
Additions 7,740 - -
At 31 May 2024 235,322 69,796 283,936
DEPRECIATION
At 1 June 2023 99,096 67,730 281,472
Charge for year 11,237 516 616
At 31 May 2024 110,333 68,246 282,088
NET BOOK VALUE
At 31 May 2024 124,989 1,550 1,848
At 31 May 2023 128,486 2,066 2,464

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 16,469 134,288 732,071
Additions - 7,607 15,347
At 31 May 2024 16,469 141,895 747,418
DEPRECIATION
At 1 June 2023 12,563 111,373 572,234
Charge for year 977 8,264 21,610
At 31 May 2024 13,540 119,637 593,844
NET BOOK VALUE
At 31 May 2024 2,929 22,258 153,574
At 31 May 2023 3,906 22,915 159,837

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 22,964
Additions 3,095
Disposals (1,495 )
Revaluations 1,040
At 31 May 2024 25,604
NET BOOK VALUE
At 31 May 2024 25,604
At 31 May 2023 22,964

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2022 (4,661 )
Valuation in 2023 633
Valuation in 2024 1,040
Cost 28,592
25,604

Fixed asset investments are included at the fair value at the balance sheet date. Valuation provided by portfolio's administrator.

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 308,267 236,506
Other debtors 158,255 32,224
466,522 268,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 28,363 30,941
Trade creditors 331,630 415,996
Taxation and social security 70,575 107,140
Other creditors 789,222 197,214
1,219,790 751,291

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 28,363

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 752,171 (4,028 ) 748,143
Profit for the year 9,520 9,520
Dividends (23,900 ) (23,900 )
Portfolio movement (1,040 ) 1,040 -
At 31 May 2024 736,751 (2,988 ) 733,763

10. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £96,510 (2023: £123,287).

BURLINGTON UNIFORMS LIMITED (REGISTERED NUMBER: 01195047)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.5.24 31.5.23
£    £   
A J A Hewitt
Balance outstanding at start of year 666 666
Amounts advanced (30,700 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,034 ) 666

No interest is payable or receivable on directors loan balances. The outstanding balance was fully repaid within the 9 months of the year end.

12. RELATED PARTY DISCLOSURES

During the year, the company repaid in full the brought forward balance of £28,816 owed to a separate legal entity in which the company's owner has a participating interest in. A further £383 was loaned to the separate legal entity and this balance is included in Other debtors. Purchases in the sum of £46,302 from this separate legal entity are included in the profit and loss in the year. As at 31st May 2024, £3,543 was owed in respect of these purchases.

In addition, during the year ended 31st May 2024 the company paid rent in the sum of £28,000 (2023: £43,800) to a director in respect of the company's trading premises.

13. SECURED DEBTS

The company has an invoice finance facility with Mitsubishi HC Capital UK Plc secured against its trade debtor ledger. The company still retains the risk and rewards of ownership of the ledger. As at 31st May 2024 the balance was in the sum of £207,330, included within Other Creditors (2023: £97,475).