Registered number
05606360
J Burgess and Sons Ltd
Filleted Accounts
31 October 2024
J Burgess and Sons Ltd
Registered number: 05606360
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 23,536 33,354
Current assets
Stocks 4,738 3,047
Debtors 5 60,005 61,745
Cash at bank and in hand 209,186 213,222
273,929 278,014
Creditors: amounts falling due within one year 6 (63,720) (59,068)
Net current assets 210,209 218,946
Total assets less current liabilities 233,745 252,300
Provisions for liabilities (4,472) (6,337)
Net assets 229,273 245,963
Capital and reserves
Called up share capital 100 100
Profit and loss account 229,173 245,863
Shareholder's funds 229,273 245,963
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Malcolm Burgess
Director
Approved by the board on 6 March 2025
J Burgess and Sons Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 25% reducing balance
Motor vehicles 25% reducing and straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 34,235
At 31 October 2024 34,235
Amortisation
At 1 November 2023 34,235
At 31 October 2024 34,235
Net book value
At 31 October 2024 -
Goodwill has been written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 10,600 94,874 105,474
Additions 155 - 155
Disposals (6,000) - (6,000)
At 31 October 2024 4,755 94,874 99,629
Depreciation
At 1 November 2023 8,885 63,235 72,120
Charge for the year 462 9,511 9,973
On disposals (6,000) - (6,000)
At 31 October 2024 3,347 72,746 76,093
Net book value
At 31 October 2024 1,408 22,128 23,536
At 31 October 2023 1,715 31,639 33,354
5 Debtors 2024 2023
£ £
Trade debtors 54,057 55,531
Other debtors 5,948 6,214
60,005 61,745
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 45,697 42,722
Taxation and social security costs 8,528 13,326
Other creditors 9,495 3,020
63,720 59,068
7 Other information
J Burgess and Sons Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 Blue Barns Business Park
Old Ipswich Road, Ardleigh
Colchester
Essex
CO7 7FX
J Burgess and Sons Ltd 05606360 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Mr Malcolm Burgess No description of principal activity 05606360 2022-11-01 2023-10-31 05606360 core:WithinOneYear 2023-10-31 05606360 core:ShareCapital 2023-10-31 05606360 core:RetainedEarningsAccumulatedLosses 2023-10-31 05606360 2023-11-01 2024-10-31 05606360 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05606360 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 05606360 bus:Director40 2023-11-01 2024-10-31 05606360 1 2023-11-01 2024-10-31 05606360 2 2023-11-01 2024-10-31 05606360 core:PlantMachinery 2023-11-01 2024-10-31 05606360 core:Vehicles 2023-11-01 2024-10-31 05606360 countries:England 2023-11-01 2024-10-31 05606360 bus:FRS102 2023-11-01 2024-10-31 05606360 bus:FilletedAccounts 2023-11-01 2024-10-31 05606360 2024-10-31 05606360 core:WithinOneYear 2024-10-31 05606360 core:ShareCapital 2024-10-31 05606360 core:RetainedEarningsAccumulatedLosses 2024-10-31 05606360 core:Goodwill 2024-10-31 05606360 core:PlantMachinery 2024-10-31 05606360 core:Vehicles 2024-10-31 05606360 2023-10-31 05606360 core:Goodwill 2023-10-31 05606360 core:PlantMachinery 2023-10-31 05606360 core:Vehicles 2023-10-31 iso4217:GBP xbrli:pure