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Company Registration No. 4875471 (England and Wales)
Butterfly Embroidery Limited Unaudited accounts for the year ended 31 August 2024
Butterfly Embroidery Limited Unaudited accounts Contents
Page
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Butterfly Embroidery Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
560,138 
659,026 
Investment property
211,841 
1,201,452 
771,979 
1,860,478 
Current assets
Inventories
189,723 
139,882 
Debtors
599,554 
656,275 
Cash at bank and in hand
979,842 
550,097 
1,769,119 
1,346,254 
Creditors: amounts falling due within one year
(1,265,764)
(1,352,899)
Net current assets/(liabilities)
503,355 
(6,645)
Net assets
1,275,334 
1,853,833 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,275,234 
1,853,733 
Shareholders' funds
1,275,334 
1,853,833 
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 June 2025 and were signed on its behalf by
M Sharma Director Company Registration No. 4875471
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Butterfly Embroidery Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Butterfly Embroidery Limited is a private company, limited by shares, registered in England and Wales, registration number 4875471. The registered office is UNIT 1-7 , BROADWEL BUSINESS PARK, BROADWELL ROAD, OLDBURY, WEST MIDLANDS, B69 4BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
No depreciation has been provided on investment properties. Investment properties are valued annually and shown in the accounts at valuation. Net surpluses are credited to revaluation reserve. Depreciation on other assets has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
25% on the reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Butterfly Embroidery Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
333,240 
772,424 
69,500 
1,175,164 
Additions
- 
183,335 
- 
183,335 
Disposals
- 
(260,000)
- 
(260,000)
At 31 August 2024
333,240 
695,759 
69,500 
1,098,499 
Depreciation
At 1 September 2023
66,640 
432,123 
17,375 
516,138 
Charge for the year
6,664 
87,029 
13,030 
106,723 
On disposals
- 
(84,500)
- 
(84,500)
At 31 August 2024
73,304 
434,652 
30,405 
538,361 
Net book value
At 31 August 2024
259,936 
261,107 
39,095 
560,138 
At 31 August 2023
266,600 
340,301 
52,125 
659,026 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
1,201,452 
Disposals
(989,611)
At 31 August 2024
211,841 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
425,417 
656,275 
Other debtors
174,137 
- 
599,554 
656,275 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
273,987 
90,433 
Trade creditors
641,898 
873,550 
Taxes and social security
21,125 
25,882 
Other creditors
328,754 
360,000 
Loans from directors
- 
3,034 
1,265,764 
1,352,899 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Butterfly Embroidery Limited Notes to the Accounts for the year ended 31 August 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
M Sharma
Directors Loan Account
3,034 
- 
3,034 
- 
3,034 
- 
3,034 
- 
10
Average number of employees
During the year the average number of employees was 51 (2023: 50).
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