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REGISTERED NUMBER: 08093173 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

N R BURTON BUILDERS LIMITED

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


N R BURTON BUILDERS LIMITED

Company Information
for the year ended 30 June 2024







Director: Mr N R Burton





Registered office: Unit 1A Beechings Way
Alford
Lincolnshire
LN13 9JE





Registered number: 08093173 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Goodwill 4 - -
Tangible assets 5 259,667 238,311
259,667 238,311

Current assets
Stocks 6 38,500 38,500
Debtors 7 50,370 60,363
Cash at bank 77,690 981
166,560 99,844
Creditors
Amounts falling due within one year 8 102,174 111,474
Net current assets/(liabilities) 64,386 (11,630 )
Total assets less current liabilities 324,053 226,681

Creditors
Amounts falling due after more than one year 9 (51,809 ) (65,135 )

Provisions for liabilities (9,617 ) (9,617 )
Net assets 262,627 151,929

Capital and reserves
Called up share capital 11 2 2
Retained earnings 12 262,625 151,927
Shareholders' funds 262,627 151,929

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Statement of Financial Position - continued
30 June 2024


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.

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 7 March 2025 and were signed by:





Mr N R Burton - Director


N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

N R Burton Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 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.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 July 2023
and 30 June 2024 16,065
Amortisation
At 1 July 2023
and 30 June 2024 16,065
Net book value
At 30 June 2024 -
At 30 June 2023 -

5. Tangible fixed assets
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
Cost
At 1 July 2023 118,287 107,964 -
Additions - 20,000 22,016
At 30 June 2024 118,287 127,964 22,016
Depreciation
At 1 July 2023 - 40,095 -
Charge for year - 10,975 1,366
At 30 June 2024 - 51,070 1,366
Net book value
At 30 June 2024 118,287 76,894 20,650
At 30 June 2023 118,287 67,869 -

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


5. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£ £ £
Cost
At 1 July 2023 87,613 110 313,974
Additions - - 42,016
At 30 June 2024 87,613 110 355,990
Depreciation
At 1 July 2023 35,471 97 75,663
Charge for year 8,306 13 20,660
At 30 June 2024 43,777 110 96,323
Net book value
At 30 June 2024 43,836 - 259,667
At 30 June 2023 52,142 13 238,311


6. Stocks
2024 2023
£ £
Stocks 38,500 38,500

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 2,319 28,234
Lincs Loos Ltd 36,546 -
Other debtors 6,271 6,011
Directors' current accounts 1,314 20,127
Prepayments and accrued income 3,920 5,991
50,370 60,363

8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 13,173 19,789
Trade creditors 56,499 46,833
Corporation tax 15,177 19,155
Social security and other taxes 2,548 1,610
VAT 13,027 646
Other creditors 1,750 1,650
Lincs Loos Ltd - 21,791
102,174 111,474

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


9. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bounceback loan 10,000 20,000
Lloyds Bank loan 41,809 45,135
51,809 65,135

10. Secured debts

The bank overdraft is secured against the assets of the company.
The hire purchase liabilities are secured against the assets to which they relate.

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

12. Reserves
Retained
earnings
£

At 1 July 2023 151,927
Profit for the year 131,098
Dividends (20,400 )
At 30 June 2024 262,625

13. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
Mr N R Burton
Balance outstanding at start of year (20,127 ) (2,317 )
Amounts advanced 39,802 12,660
Amounts repaid (20,989 ) (30,470 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,314 ) (20,127 )

N R BURTON BUILDERS LIMITED (REGISTERED NUMBER: 08093173)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


14. Related party disclosures

Lincs County Loos Limited

A company in which Mr Burton is a shareholder.


During the year, there were no expenses paid relating to Lincs County Loos Limited (2023 - £NIL). During the year, N R Burton Builders Limited charged Lincs County Loos Limited £11,460 (2023 - £9,228) as a management charge to subsidies joint expenses incurred, eg telephone and motor. During the year, N R Burton received £17,080 from Lincs County Loos Limited. During the year, N R Burton Builders Limited transferred £63,957 to Lincs County Loos Limited At the year end £36,546 was outstanding to N R Burton Builders Limited.

The balance is payable on demand.

2024 2023
£ £
Amount due from/(to) related party at the balance sheet date 36,546 (21,791 )