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REGISTERED NUMBER: 02615898 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

BURGAFLEX U.K. LTD.

BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BURGAFLEX U.K. LTD.

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







Directors: S R Baker
A Bout
C M Mccann





Secretary: A Bout





Registered office: Block C Chamberhall Business Park
Harvard Road
Bury
BL9 0FU





Registered number: 02615898 (England and Wales)





Auditors: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,604 -
Tangible assets 5 2,100,626 2,128,658
Investments 6 1 1
2,111,231 2,128,659

CURRENT ASSETS
Stocks 773,353 785,360
Debtors 7 1,306,412 1,130,319
Cash at bank and in hand 1,269,704 1,396,432
3,349,469 3,312,111
CREDITORS
Amounts falling due within one year 8 572,269 904,470
NET CURRENT ASSETS 2,777,200 2,407,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,888,431

4,536,300

PROVISIONS FOR LIABILITIES 10 106,419 99,235
NET ASSETS 4,782,012 4,437,065

CAPITAL AND RESERVES
Called up share capital 11 950 950
Capital redemption reserve 240 240
Retained earnings 4,780,822 4,435,875
SHAREHOLDERS' FUNDS 4,782,012 4,437,065

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 27 March 2025 and were signed on its behalf by:





S R Baker - Director


BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Burgaflex U.k. Ltd. 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.

Preparation of consolidated financial statements
The financial statements contain information about Burgaflex U.k. Ltd. as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

Freehold Property- at varying rates on cost
Plant and machinery- 10% on cost
Fixtures and fittings- 33.3% on cost
Motor vehicles- 25% straight line


Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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

Finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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 balance sheet date.


BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 29 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 11,945
At 31 December 2024 11,945
AMORTISATION
Amortisation for year 1,341
At 31 December 2024 1,341
NET BOOK VALUE
At 31 December 2024 10,604

BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 2,074,843 426,739 14,558 87,334 2,603,474
Additions - 83,417 - - 83,417
Disposals - (8,210 ) - - (8,210 )
At 31 December 2024 2,074,843 501,946 14,558 87,334 2,678,681
DEPRECIATION
At 1 January 2024 226,630 227,350 12,037 8,799 474,816
Charge for year 48,105 38,559 1,449 20,487 108,600
Eliminated on disposal - (5,361 ) - - (5,361 )
At 31 December 2024 274,735 260,548 13,486 29,286 578,055
NET BOOK VALUE
At 31 December 2024 1,800,108 241,398 1,072 58,048 2,100,626
At 31 December 2023 1,848,213 199,389 2,521 78,535 2,128,658

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

The fixed asset investment relates to the 100% shareholding in Burgaflex Automotive Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,274,412 1,071,583
Amounts owed by group undertakings 963 7
Other debtors 31,037 58,729
1,306,412 1,130,319

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 328,237
Trade creditors 29,530 42,819
Amounts owed to group undertakings - 230
Taxation and social security 504,545 480,292
Other creditors 38,194 52,892
572,269 904,470

BURGAFLEX U.K. LTD. (REGISTERED NUMBER: 02615898)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans - 328,237

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 106,419 99,235

Deferred
tax
£   
Balance at 1 January 2024 99,235
Charge to Statement of Income and Retained Earnings during year 7,184
Balance at 31 December 2024 106,419

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
760 Ordinary 1 760 760
190 A Ordinary 1 190 190
950 950

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Catherine Rogers BSc FCA (Senior Statutory Auditor)
for and on behalf of NRB

13. ULTIMATE CONTROLLING PARTY

The immediate parent company is Burgaflex Tech International BV, a company incorporated in the Netherlands. The financial statements of Burgaflex Tech International BV are publicly available from Burgaflex, Mon Plaisir, 112 4879 AT ETTEN-LEUR, Netherlands.

The ultimate controlling party is Peakybourne, a company incorporated in Belgium, through their majority ownership of the issued share capital of Burgaflex Tech International BV.

No consolidated financial statements are prepared by the ultimate controlling party,