Company Registration No. 00678407 (England and Wales)
Derek Burridge (Wholesale) Limited
Unaudited accounts
for the year ended 31 December 2023
Derek Burridge (Wholesale) Limited
Unaudited accounts
Contents
Derek Burridge (Wholesale) Limited
Company Information
for the year ended 31 December 2023
Directors
Mr G T Burridge
Mr M A Burridge
Company Number
00678407 (England and Wales)
Registered Office
AWARDS HOUSE UNIT 15
THE METRO CENTRE
SPRINGFIELD ROAD HAYES
MIDDLESEX
UB4 0LE
United Kingdom
Derek Burridge (Wholesale) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
701,508
713,360
Cash at bank and in hand
84,617
128,406
Creditors: amounts falling due within one year
(117,666)
(134,239)
Net current assets
97,820
51,050
Total assets less current liabilities
799,328
764,410
Creditors: amounts falling due after more than one year
(29,116)
(39,776)
Provisions for liabilities
Net assets
770,056
722,291
Called up share capital
1,000
1,000
Revaluation reserve
343,831
343,831
Profit and loss account
425,225
377,460
Shareholders' funds
770,056
722,291
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by
Mr G T Burridge
Director
Company Registration No. 00678407
Derek Burridge (Wholesale) Limited
Notes to the Accounts
for the year ended 31 December 2023
Derek Burridge (Wholesale) Limited is a private company, limited by shares, registered in England and Wales, registration number 00678407. The registered office is AWARDS HOUSE UNIT 15, THE METRO CENTRE, SPRINGFIELD ROAD HAYES, MIDDLESEX, UB4 0LE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Derek Burridge (Wholesale) Limited
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2023
700,000
110,391
26,900
82,774
18,413
938,478
Disposals
-
-
(11,348)
-
-
(11,348)
At 31 December 2023
700,000
110,391
15,552
82,774
18,413
927,130
At 1 January 2023
-
109,528
15,552
82,547
17,491
225,118
Charge for the year
-
216
-
57
231
504
At 31 December 2023
-
109,744
15,552
82,604
17,722
225,622
At 31 December 2023
700,000
647
-
170
691
701,508
At 31 December 2022
700,000
863
11,348
227
922
713,360
Amounts falling due within one year
Trade debtors
95,911
23,987
Accrued income and prepayments
3,458
11,396
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
17,930
31,974
Taxes and social security
48,964
43,315
Other creditors
11,821
11,746
Loans from directors
9,345
17,388
7
Creditors: amounts falling due after more than one year
2023
2022
Derek Burridge (Wholesale) Limited
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
500 Ordinary shares of £1 each
500
500
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).