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REGISTERED NUMBER: 13642116 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Burgoynes Pallet Track Limited

Burgoynes Pallet Track Limited (Registered number: 13642116)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Burgoynes Pallet Track Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A F Burgoyne
Mrs D A Spencer
J G Howard





REGISTERED OFFICE: White Lyon
Lyonshall
Kington
Herefordshire
HR5 3JR





REGISTERED NUMBER: 13642116 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Burgoynes Pallet Track Limited (Registered number: 13642116)

Abridged Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 19,265 -
Tangible assets 5 218,704 168,677
Investments 6 10,000 10,000
247,969 178,677

CURRENT ASSETS
Stocks 16,554 14,554
Debtors 317,225 301,583
Cash at bank 182,566 130,395
516,345 446,532
CREDITORS
Amounts falling due within one year (416,068 ) (318,076 )
NET CURRENT ASSETS 100,277 128,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,246

307,133

CREDITORS
Amounts falling due after more than one
year

(222,526

)

(271,115

)

PROVISIONS FOR LIABILITIES (25,000 ) (9,808 )
NET ASSETS 100,720 26,210

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 100,620 26,110
SHAREHOLDERS' FUNDS 100,720 26,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Burgoynes Pallet Track Limited (Registered number: 13642116)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Mrs D A Spencer - Director


Burgoynes Pallet Track Limited (Registered number: 13642116)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Burgoynes Pallet Track 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 10% to 20% on reducing balance
Trailers - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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 Profit and Loss Account, 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.


Burgoynes Pallet Track Limited (Registered number: 13642116)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 19,265
At 31 December 2024 19,265
NET BOOK VALUE

At 31 December 2024 19,265

Burgoynes Pallet Track Limited (Registered number: 13642116)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 214,031
Additions 92,173
At 31 December 2024 306,204
DEPRECIATION
At 1 January 2024 45,354
Charge for year 42,146
At 31 December 2024 87,500
NET BOOK VALUE
At 31 December 2024 218,704
At 31 December 2023 168,677

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2024
and 31 December 2024 10,000
NET BOOK VALUE
At 31 December 2024 10,000
At 31 December 2023 10,000

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 13,483 -
Between one and five years 20,851 -
34,334 -

Burgoynes Pallet Track Limited (Registered number: 13642116)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 52,260 28,384
Between one and five years 30,485 14,257
82,745 42,641

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100