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REGISTERED NUMBER: 07298208 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

R BUTCHER SURFACING LIMITED

R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R BUTCHER SURFACING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R G Butcher
Mrs T L Butcher
A R Butcher





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 07298208 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

BALANCE SHEET
30 JUNE 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
3,600 Intangible assets 4 600
60,621 Tangible assets 5 73,840
64,221 74,440

CURRENT ASSETS
29,132 Stocks 22,045
321,228 Debtors 6 455,208
3,259 Cash at bank and in hand 10,022
353,619 487,275
CREDITORS
435,598 Amounts falling due within one year 7 539,731
(81,979 ) NET CURRENT LIABILITIES (52,456 )
(17,758 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

21,984

CREDITORS
(80,887 ) Amounts falling due after more than one
year

8

(54,649

)

(5,494 ) PROVISIONS FOR LIABILITIES (10,533 )
(104,139 ) NET LIABILITIES (43,198 )

R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

BALANCE SHEET - continued
30 JUNE 2024

30.6.23 30.6.24
£    £    Notes £    £   
CAPITAL AND RESERVES
10 Called up share capital 10
(104,149 ) Retained earnings (43,208 )
(104,139 ) SHAREHOLDERS' FUNDS (43,198 )

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.

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





R G Butcher - Director


R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

R Butcher Surfacing 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.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Intangible assets - goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its remaining estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Freehold property is not depreciated as the directors feel that there has been no change in the market value of the property.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Going concern
The directors have considered the financial position of the company and its ability to continue to trade having regard to the insolvent balance sheet as at the 30th June 2024. Due to the continued financial support of the directors it is considered that the company remains a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 26,400
Charge for year 3,000
At 30 June 2024 29,400
NET BOOK VALUE
At 30 June 2024 600
At 30 June 2023 3,600

R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
Totals property machinery vehicles equipment
£    £    £    £    £   
COST
At 1 July 2023 114,999 31,707 75,753 5,625 1,914
Additions 27,800 - 22,300 5,500 -
Disposals (1,985 ) - (1,750 ) - (235 )
At 30 June 2024 140,814 31,707 96,303 11,125 1,679
DEPRECIATION
At 1 July 2023 54,378 - 52,057 1,406 915
Charge for year 14,049 - 11,377 2,430 242
Eliminated on disposal (1,453 ) - (1,250 ) - (203 )
At 30 June 2024 66,974 - 62,184 3,836 954
NET BOOK VALUE
At 30 June 2024 73,840 31,707 34,119 7,289 725
At 30 June 2023 60,621 31,707 23,696 4,219 999

Within fixed assets there are assets under hire purchase with a net book value of £22,638 (2023: £14,684) and depreciation on these assets of £7,546 (2023: £2,728) was charged during the year.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 261,347 150,049
Other debtors 193,861 171,179
455,208 321,228

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 18,465
Hire purchase contracts 13,825 11,617
Trade creditors 176,133 219,064
Taxation and social security 42,525 35,028
Other creditors 307,248 151,424
539,731 435,598

R BUTCHER SURFACING LIMITED (REGISTERED NUMBER: 07298208)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 9,562 9,221
Other creditors 45,087 71,666
54,649 80,887

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank overdraft - 18,465

There is a fixed and floating charge created on 27th July 2016 over all of the company's assets in favour of the company's bankers to secure borrowings.