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Company registration number: 01494855
Bruce Burke & Company Limited
Unaudited filleted financial statements
31 March 2025
Bruce Burke & Company Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Bruce Burke & Company Limited
Directors and other information
Directors Mr A Burke (Jnr)
Mr Benedict Burke
Secretary A Burke (Jnr)
Company number 01494855
Registered office Red Column 1st Floor
Unit 16-22 Abbey Trading Estate
Canning Road
London
E15 3NW
Business address Red Column 1st Floor
Unit 16-22 Abbey Trading Estate
Canning Road
London
E15 3NW
Accountants Hill Allen (Wickford) Limited
Office 1 Riverside Court
24 Lower Southend Road
Wickford
SS11 8AW
Bankers National Westminster Bank
643 High Road
Ilford
IG3 8EH
Bruce Burke & Company Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 65,438 62,065
Investments 6 191,949 191,949
_______ _______
257,387 254,014
Current assets
Debtors 7 108,184 112,563
Investments 8 150,512 98,091
Cash at bank and in hand 648,496 539,796
_______ _______
907,192 750,450
Creditors: amounts falling due
within one year 9 ( 394,776) ( 260,389)
_______ _______
Net current assets 512,416 490,061
_______ _______
Total assets less current liabilities 769,803 744,075
Provisions for liabilities ( 13,250) ( 12,105)
_______ _______
Net assets 756,553 731,970
_______ _______
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 755,553 730,970
_______ _______
Shareholders funds 756,553 731,970
_______ _______
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2025 , and are signed on behalf of the board by:
Mr A Burke (Jnr)
Director
Company registration number: 01494855
Bruce Burke & Company Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Red Column 1st Floor, Unit 16-22 Abbey Trading Estate, Canning Road, London, E15 3NW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 10 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 59,370 79,889 139,259
Additions - 30,489 30,489
Disposals - ( 24,894) ( 24,894)
_______ _______ _______
At 31 March 2025 59,370 85,484 144,854
_______ _______ _______
Depreciation
At 1 April 2024 46,441 30,753 77,194
Charge for the year 646 19,566 20,212
Disposals - ( 17,990) ( 17,990)
_______ _______ _______
At 31 March 2025 47,087 32,329 79,416
_______ _______ _______
Carrying amount
At 31 March 2025 12,283 53,155 65,438
_______ _______ _______
At 31 March 2024 12,929 49,136 62,065
_______ _______ _______
6. Investments
Other investments other than loans Total
£ £
Cost
At 1 April 2024 and 31 March 2025 191,949 191,949
_______ _______
Impairment
At 1 April 2024 and 31 March 2025 - -
_______ _______
Carrying amount
At 31 March 2025 191,949 191,949
_______ _______
At 31 March 2024 191,949 191,949
_______ _______
7. Debtors
2025 2024
£ £
Trade debtors 77,287 70,683
Other debtors 30,897 41,880
_______ _______
108,184 112,563
_______ _______
8. Investments
2025 2024
£ £
Other investments 150,512 98,091
_______ _______
9. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 332,958 217,981
Corporation tax 20,579 7,852
Social security and other taxes 17,026 13,820
Other creditors 24,213 20,736
_______ _______
394,776 260,389
_______ _______
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2025
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A Burke (Jnr) - ( 200,000) 200,000 -
_______ _______ _______ _______
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr A Burke (Jnr) - ( 150,000) 150,000 -
_______ _______ _______ _______
The director A Burke Jr received an interest free loan of £200000, repaid in full on 14th March 2025.
11. Controlling party
The company is controlled by the director A Burke (Jnr).