2023-12-01 04107725 2024-11-30 04107725 2023-12-01 2024-11-30 04107725 2023-11-30 04107725 2022-12-01 2023-11-30 04107725 uk-core:WithinOneYear 2023-11-30 04107725 uk-core:WithinOneYear 2024-11-30 04107725 uk-core:ShareCapital 2024-11-30 04107725 uk-core:ShareCapital 2023-11-30 04107725 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 04107725 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 04107725 uk-bus:Director1 2023-12-01 2024-11-30 04107725 uk-core:PlantMachinery 2023-12-01 2024-11-30 04107725 uk-core:CommercialMotorVehicles 2023-12-01 2024-11-30 04107725 uk-core:FurnitureFittings 2023-12-01 2024-11-30 04107725 uk-core:FurnitureFittings 2023-11-30 04107725 uk-core:CommercialMotorVehicles 2023-11-30 04107725 uk-core:PlantMachinery 2023-11-30 04107725 uk-core:PlantMachinery 2024-11-30 04107725 uk-core:CommercialMotorVehicles 2024-11-30 04107725 uk-core:FurnitureFittings 2024-11-30 iso4217:GBP xbrli:pure 04107725 uk-bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04107725 uk-bus:FRS102 2023-12-01 2024-11-30 04107725 uk-bus:FilletedAccounts 2023-12-01 2024-11-30 04107725 uk-bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30
W Burns & Son (Electrical) Limited
Registered Number:04107725
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2024
W Burns & Son (Electrical) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04107725
As at 30 November 2024
W Burns & Son (Electrical) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
24,971
10,535
2
24,971
10,535
Current assets
Trade and other receivables
25,292
15,568
3
109,401
Cash and cash equivalents
99,823
115,391
134,693
Trade and other payables: amounts falling due within one
year
(37,808)
(20,066)
4
96,885
95,325
Net current assets
Total assets less current liabilities
120,296
107,420
(4,744)
(2,002)
Provisions for liabilities
115,552
Net assets
105,418
Capital and reserves
Called up share capital
100
100
Retained earnings
115,452
105,318
115,552
105,418
Shareholders' funds
For the year ended 30 November 2024 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 of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr. A.R.Burns Director
These financial statements were approved and authorised for issue by the Board on 15 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2024
W Burns & Son (Electrical) Limited
Notes to the Financial Statements
Statutory Information
W Burns & Son (Electrical) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04107725.
Registered address:
1 Carnaby Road
Sheffield
S6 2NH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover and the related costs.
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.
Debtors and creditors
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price.
Any losses arising from impairment are recognised in the statement of comprehensive income within administrative
expenses.
Impairments
At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the
individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the
assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds
its recoverable amount, an impairment loss is recognised in the statement of comprehensive income.
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5
For the year ended 30 November 2024
W Burns & Son (Electrical) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 December 2023
54,403
9,069
44,507
827
19,110
-
19,110
-
Additions
-
(9,304)
-
Disposals
(9,304)
At 30 November 2024
827
54,313
9,069
64,209
Provision for depreciation and impairment
At 01 December 2023
43,868
8,396
34,844
628
Charge for year
3,432
101
3,301
30
(8,062)
-
(8,062)
-
On disposal
At 30 November 2024
39,238
8,497
30,083
658
At 30 November 2024
Net book value
169
24,230
572
24,971
At 30 November 2023
199
9,663
673
10,535
3. Trade and other receivables
2023
2024
£
£
Trade debtors
15,568
25,292
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
3,574
6,650
Taxation and social security
14,091
20,921
Other creditors
2,401
10,237
20,066
37,808
5. Average number of persons employed
During the year the average number of employees was 6 (2023 : 5)
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