Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 30 December 2022 true 1 January 2024 31 January 2025 31 January 2025 14563585 Miss Emma Burton Mr William Bance iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14563585 2023-12-31 14563585 2025-01-31 14563585 2024-01-01 2025-01-31 14563585 frs-core:CurrentFinancialInstruments 2025-01-31 14563585 frs-core:ShareCapital 2025-01-31 14563585 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 14563585 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2025-01-31 14563585 frs-bus:FullAccounts 2024-01-01 2025-01-31 14563585 frs-bus:SmallEntities 2024-01-01 2025-01-31 14563585 frs-bus:AuditExemptWithAccountantsReport 2024-01-01 2025-01-31 14563585 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2025-01-31 14563585 frs-bus:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2025-01-31 14563585 frs-bus:Director1 2024-01-01 2025-01-31 14563585 frs-bus:Director2 2024-01-01 2025-01-31 14563585 frs-countries:EnglandWales 2024-01-01 2025-01-31 14563585 2022-12-29 14563585 2023-12-31 14563585 2022-12-30 2023-12-31 14563585 frs-core:CurrentFinancialInstruments 2023-12-31 14563585 frs-core:ShareCapital 2023-12-31 14563585 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 14563585
Burton & Bance Limited
Directors' Report and
Unaudited Financial Statements
For the Period 1 January 2024 to 31 January 2025
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Profit and Loss Account 4
Balance Sheet 5
Notes to the Financial Statements 6—7
Page 1
Company Information
Directors Miss Emma Burton
Mr William Bance
Company Number 14563585
Registered Office 38 Parliament Court
Norwich
NR7 0TG
Accountants Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
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Page 2
Directors' Report
The directors present their report and the financial statements for the period ended 31 January 2025.
Principal Activity
The company's principal activity continues to be that of online retail.
Directors
The directors who held office during the period were as follows:
Miss Emma Burton
Mr William Bance
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Miss Emma Burton
Director
Mr William Bance
Director
04/04/2025
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Page 3
Accountant's Report
Report of the Accountant to the directors of Burton & Bance Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period ended 31 January 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting period. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Mr Edward Clarke, BSc (Hons), MAAT
02/04/2025
Clarke Accountancy Ltd
Dashwood House
1 Tyrells Road
Great Yarmouth
Norfolk
NR31 0AR
Page 3
Page 4
Profit and Loss Account
31 January 2025 31 December 2023
Notes £ £
TURNOVER 80,312 20,541
Cost of sales (70,661 ) (17,390 )
GROSS PROFIT 9,651 3,151
Administrative expenses (2,141 ) (1,361 )
OPERATING PROFIT AND PROFIT BEFORE TAXATION 7,510 1,790
Tax on Profit (1,427 ) (340 )
PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL PERIOD 6,083 1,450
The notes on pages 6 to 7 form part of these financial statements.
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Page 5
Balance Sheet
31 January 2025 31 December 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 - 2,736
Debtors 5 145 935
Cash at bank and in hand 11,789 47
11,934 3,718
Creditors: Amounts Falling Due Within One Year 6 (4,399 ) (2,266 )
NET CURRENT ASSETS (LIABILITIES) 7,535 1,452
TOTAL ASSETS LESS CURRENT LIABILITIES 7,535 1,452
NET ASSETS 7,535 1,452
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 7,533 1,450
SHAREHOLDERS' FUNDS 7,535 1,452
For the period ending 31 January 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Miss Emma Burton
Director
Mr William Bance
Director
04/04/2025
The notes on pages 6 to 7 form part of these financial statements.
Page 5
Page 6
Notes to the Financial Statements
1. General Information
Burton & Bance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14563585 . The registered office is 38 Parliament Court, Norwich, NR7 0TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Stocks
31 January 2025 31 December 2023
£ £
Stock - 2,736
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5. Debtors
31 January 2025 31 December 2023
£ £
Due within one year
Trade debtors 145 935
6. Creditors: Amounts Falling Due Within One Year
31 January 2025 31 December 2023
£ £
Trade creditors 562 449
Corporation tax 1,427 340
Directors' loan accounts 2,410 1,477
4,399 2,266
7. Share Capital
31 January 2025 31 December 2023
£ £
Allotted, Called up and fully paid 2 2
Page 7