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REGISTERED NUMBER: SC478957 (Scotland)










Unaudited Financial Statements

for the Year Ended

30 June 2024

for

BURN DEVELOPMENTS LIMITED

BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURN DEVELOPMENTS LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Douglas





REGISTERED OFFICE: Baird Avenue Strutherhill Industrial Est
Carlisle Road
Larkhall
ML9 2PJ





REGISTERED NUMBER: SC478957 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 104,992 79,875

CURRENT ASSETS
Stocks 1,560,504 1,173,285
Debtors 5 22,265 23,932
Cash at bank and in hand 98,186 351,741
1,680,955 1,548,958
CREDITORS
Amounts falling due within one year 6 (1,827,797 ) (1,567,827 )
NET CURRENT LIABILITIES (146,842 ) (18,869 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,850

)

61,006

PROVISIONS FOR LIABILITIES (26,248 ) (16,374 )
NET (LIABILITIES)/ASSETS (68,098 ) 44,632

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (68,099 ) 44,631
(68,098 ) 44,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)

Balance Sheet - continued
30 June 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 director and authorised for issue on 4 March 2025 and were signed by:





A Douglas - Director


BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)

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

1. STATUTORY INFORMATION

Burn Developments Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. 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.

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.

BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 82,851 57,335 1,879 142,065
Additions 48,500 - - 48,500
At 30 June 2024 131,351 57,335 1,879 190,565
DEPRECIATION
At 1 July 2023 45,204 16,088 898 62,190
Charge for year 12,924 10,312 147 23,383
At 30 June 2024 58,128 26,400 1,045 85,573
NET BOOK VALUE
At 30 June 2024 73,223 30,935 834 104,992
At 30 June 2023 37,647 41,247 981 79,875

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,945 5,695
VAT 10,320 16,237
Prepayments 2,000 2,000
22,265 23,932

BURN DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC478957)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 57,273 39,098
Tax - 14,323
Social security and other taxes 1,481 941
Other creditors 50,000 50,000
Intercompany loan 282,077 82,077
Credit cards 25,290 -
Directors' current accounts 1,404,786 1,374,588
Accrued expenses 6,890 6,800
1,827,797 1,567,827