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Registration number: 04499108

Burnhill Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Burnhill Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Burnhill Services Limited

(Registration number: 04499108)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

5

 

74,860

 

63,662

Current assets

   

 

Stocks

222,201

 

260,249

 

Debtors

6

8,149

 

13,113

 

Cash at bank and in hand

 

179,090

 

156,291

 

 

409,440

 

429,653

 

Creditors: Amounts falling due within one year

7

(324,403)

 

(318,995)

 

Net current assets

   

85,037

 

110,658

Total assets less current liabilities

   

159,897

 

174,320

Creditors: Amounts falling due after more than one year

7

 

(19,012)

 

(26,880)

Provisions for liabilities

 

(18,000)

 

(14,000)

Net assets

   

122,885

 

133,440

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Retained earnings

122,785

 

133,340

 

Shareholders' funds

   

122,885

 

133,440

 

Burnhill Services Limited

(Registration number: 04499108)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 January 2025 and signed on its behalf by:
 

.........................................
S A R Burnhill
Director

.........................................
B J Burnhill
Director

 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit C Middleton Business Park
Cartwright Street
Cleckheaton
West Yorkshire
BD19 5LY

These financial statements were authorised for issue by the Board on 21 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under 1AC.35 Related Party disclosures from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold land and buildings

over lease term

Fixtures and fittings

15% straight line

Computer equipment

20% straight line

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance and 6% straight line

Investment property

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website set-up costs

3 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 19 (2023 - 18).

 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Intangible assets

Website set-up costs
 £

Total
£

Cost or valuation

At 1 August 2023

4,000

4,000

At 31 July 2024

4,000

4,000

Amortisation

At 1 August 2023

4,000

4,000

At 31 July 2024

4,000

4,000

Carrying amount

At 31 July 2024

-

-

At 31 July 2023

-

-

5

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

20,631

114,311

28,904

89,148

252,994

Additions

-

29,896

-

-

29,896

At 31 July 2024

20,631

144,207

28,904

89,148

282,890

Depreciation

At 1 August 2023

8,915

103,974

22,951

53,492

189,332

Charge for the year

1,375

8,361

1,488

7,474

18,698

At 31 July 2024

10,290

112,335

24,439

60,966

208,030

Carrying amount

At 31 July 2024

10,341

31,872

4,465

28,182

74,860

At 31 July 2023

11,716

10,337

5,953

35,656

63,662

 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

6,809

11,990

Prepayments

1,340

1,123

 

8,149

13,113

7

Creditors

Creditors: amounts falling due within one year

2024
 £

2023
 £

Due within one year

Loans and borrowings

7,876

7,355

Trade creditors

246,114

242,494

Amounts due to related parties

19,066

747

Other current financial liabilities

175

13,936

Social security and other taxes

15,306

13,326

Corporation tax liability

24,880

28,800

Accruals and deferred income

10,986

12,337

324,403

318,995


Creditors due within one year include bank loans and overdrafts which are secured by a fixed and floating charge over the assets of the business of £7,876 (2023 - £7,355).

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Loans and borrowings

19,012

26,880


Creditors due over one year include bank loans and overdrafts which are secured by a fixed and floating charge over the assets of the business of £19,012 (2023 - £26,880).

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Burnhill Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £408,000 (2023 - £459,000). This financial commitment is in respect of an operating lease.