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REGISTERED NUMBER: 04160320 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Harry Burrows Fabrications Limited

Harry Burrows Fabrications Limited (Registered number: 04160320)






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


Harry Burrows Fabrications Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M Burrows
C P Burrows





SECRETARY: M Burrows





REGISTERED OFFICE: 8 - 9 Bayton Way
Exhall
Coventry
West Midlands
CV7 9ER





REGISTERED NUMBER: 04160320 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Harry Burrows Fabrications Limited (Registered number: 04160320)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,077 4,344
Tangible assets 5 386,545 341,610
388,622 345,954

CURRENT ASSETS
Stocks 453,377 270,677
Debtors 6 781,950 715,073
Cash at bank and in hand 89,120 28,593
1,324,447 1,014,343
CREDITORS
Amounts falling due within one year 7 889,300 590,353
NET CURRENT ASSETS 435,147 423,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

823,769

769,944

PROVISIONS FOR LIABILITIES 83,989 79,372
NET ASSETS 739,780 690,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 739,680 690,472
SHAREHOLDERS' FUNDS 739,780 690,572

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 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.

Harry Burrows Fabrications Limited (Registered number: 04160320)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:




M Burrows - Director



C P Burrows - Director


Harry Burrows Fabrications Limited (Registered number: 04160320)

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

1. STATUTORY INFORMATION

Harry Burrows Fabrications 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales of good and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty 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.

Website is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Period of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Harry Burrows Fabrications Limited (Registered number: 04160320)

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

2. ACCOUNTING POLICIES - continued

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 15,000 6,800 21,800
AMORTISATION
At 1 July 2023 15,000 2,456 17,456
Charge for year - 2,267 2,267
At 30 June 2024 15,000 4,723 19,723
NET BOOK VALUE
At 30 June 2024 - 2,077 2,077
At 30 June 2023 - 4,344 4,344

Harry Burrows Fabrications Limited (Registered number: 04160320)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 138,101 532,572 21,525
Additions 72,954 37,666 2,588
At 30 June 2024 211,055 570,238 24,113
DEPRECIATION
At 1 July 2023 114,095 261,746 7,071
Charge for year 19,255 44,404 2,346
At 30 June 2024 133,350 306,150 9,417
NET BOOK VALUE
At 30 June 2024 77,705 264,088 14,696
At 30 June 2023 24,006 270,826 14,454

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 35,820 69,147 797,165
Additions - 3,244 116,452
At 30 June 2024 35,820 72,391 913,617
DEPRECIATION
At 1 July 2023 32,757 39,886 455,555
Charge for year 766 4,746 71,517
At 30 June 2024 33,523 44,632 527,072
NET BOOK VALUE
At 30 June 2024 2,297 27,759 386,545
At 30 June 2023 3,063 29,261 341,610

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 671,912 580,153
Other debtors 110,038 134,920
781,950 715,073

Harry Burrows Fabrications Limited (Registered number: 04160320)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 305,574 286,173
Amounts owed to group undertakings 34,880 35,093
Taxation and social security 314,816 230,860
Other creditors 234,030 38,227
889,300 590,353

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 118,500 99,050
Between one and five years 55,767 132,067
174,267 231,117

The above lease payments relate to the current lease agreement terms for the properties in which the company operates from.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.24 30.6.23
£    £   
C P Burrows
Balance outstanding at start of year 9,573 -
Amounts advanced 15,632 26,273
Amounts repaid (9,600 ) (16,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,605 9,573

M Burrows
Balance outstanding at start of year 10,316 -
Amounts advanced 236,007 20,016
Amounts repaid (390,400 ) (9,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (144,077 ) 10,316

Interest is charged on the above loan to C Burrows at the HMRC Official rate and is repaid in full following the balance sheet date.

The loan from M Burrows to the company is interest free and has no set terns of repayment.

Harry Burrows Fabrications Limited (Registered number: 04160320)

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

10. RELATED PARTY DISCLOSURES

During the year, rents were paid in relation to the premises that the company occupies, to The Burrows Family Pension Trust of which the shareholders are trustees. During the year £99,050 (2023 : £77,032) was paid in respect of this. There was no balance outstanding at the year end.

Included within other debtors is an amount owed of £16,974 (2023: £59,391) from H Burrows, a shareholder of the ultimate parent company. Interest is charged at the HMRC Official rate and is repaid in full following the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors by virtue of their shareholding in the parent company.