28 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 165,000 165,000 698,690 197,070 895,760 895,760 698,690 xbrli:pure xbrli:shares iso4217:GBP 04586510 2024-01-01 2024-12-31 04586510 2024-12-31 04586510 2023-12-31 04586510 2023-01-01 2023-12-31 04586510 2023-12-31 04586510 2022-12-31 04586510 core:PlantMachinery 2024-01-01 2024-12-31 04586510 core:FurnitureFittings 2024-01-01 2024-12-31 04586510 core:MotorVehicles 2024-01-01 2024-12-31 04586510 bus:Director1 2024-01-01 2024-12-31 04586510 core:NetGoodwill 2024-12-31 04586510 core:PlantMachinery 2023-12-31 04586510 core:FurnitureFittings 2023-12-31 04586510 core:MotorVehicles 2023-12-31 04586510 core:PlantMachinery 2024-12-31 04586510 core:FurnitureFittings 2024-12-31 04586510 core:MotorVehicles 2024-12-31 04586510 core:WithinOneYear 2024-12-31 04586510 core:WithinOneYear 2023-12-31 04586510 core:ShareCapital 2024-12-31 04586510 core:ShareCapital 2023-12-31 04586510 core:RevaluationReserve 2024-12-31 04586510 core:RevaluationReserve 2023-12-31 04586510 core:RetainedEarningsAccumulatedLosses 2024-12-31 04586510 core:RetainedEarningsAccumulatedLosses 2023-12-31 04586510 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 04586510 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 04586510 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 04586510 core:Non-currentFinancialInstruments 2024-12-31 04586510 core:Non-currentFinancialInstruments 2023-12-31 04586510 core:PlantMachinery 2023-12-31 04586510 core:FurnitureFittings 2023-12-31 04586510 core:MotorVehicles 2023-12-31 04586510 bus:SmallEntities 2024-01-01 2024-12-31 04586510 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 04586510 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04586510 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04586510 bus:FullAccounts 2024-01-01 2024-12-31 04586510 core:NetGoodwill 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 04586510
Pete Burton Building Contractors Ltd
Filleted Unaudited Financial Statements
31 December 2024
Pete Burton Building Contractors Ltd
Financial Statements
Year ended 31 December 2024
Contents
Pages
Statement of financial position
1 to 2
Notes to the financial statements
3 to 6
Pete Burton Building Contractors Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
135,920
154,251
Investments
7
895,760
698,690
------------
---------
1,031,680
852,941
Current assets
Stocks
53,303
53,495
Debtors
8
220,123
312,077
Cash at bank and in hand
826,283
519,217
------------
---------
1,099,709
884,789
Creditors: amounts falling due within one year
9
354,290
213,394
------------
---------
Net current assets
745,419
671,395
------------
------------
Total assets less current liabilities
1,777,099
1,524,336
Provisions
Taxation including deferred tax
48,725
49,685
------------
------------
Net assets
1,728,374
1,474,651
------------
------------
Capital and reserves
Called up share capital
150
150
Fair value reserve
89,000
89,000
Profit and loss account
1,639,224
1,385,501
------------
------------
Shareholders funds
1,728,374
1,474,651
------------
------------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Pete Burton Building Contractors Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 2 June 2025 , and are signed on behalf of the board by:
Mr P Burton
Director
Company registration number: 04586510
Pete Burton Building Contractors Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Lamorna Court, 43 Wollaton Road, Beeston, Nottingham, NG9 2NG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and 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.
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:
Plant and tools
-
15% reducing balance
Office equipment
-
25% straight line
Motor vehicles
-
25% reducing balance
Investments
Investment properties are initially recorded at cost which includes the purchase price and any directly attributable expenditure. These are then revalued to fair value when available and any changes are recognised in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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 as a finance cost 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 28 (2023: 28 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
165,000
---------
Amortisation
At 1 January 2024 and 31 December 2024
165,000
---------
Carrying amount
At 31 December 2024
---------
At 31 December 2023
---------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
15,576
9,602
356,674
381,852
Additions
1,650
26,730
28,380
Disposals
( 36,496)
( 36,496)
--------
--------
---------
---------
At 31 December 2024
15,576
11,252
346,908
373,736
--------
--------
---------
---------
Depreciation
At 1 January 2024
8,557
8,832
210,212
227,601
Charge for the year
1,053
969
42,835
44,857
Disposals
( 34,642)
( 34,642)
--------
--------
---------
---------
At 31 December 2024
9,610
9,801
218,405
237,816
--------
--------
---------
---------
Carrying amount
At 31 December 2024
5,966
1,451
128,503
135,920
--------
--------
---------
---------
At 31 December 2023
7,019
770
146,462
154,251
--------
--------
---------
---------
7. Investments
Property investments
£
Cost
At 1 January 2024
698,690
Additions
197,070
---------
At 31 December 2024
895,760
---------
Impairment
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
895,760
---------
At 31 December 2023
698,690
---------
8. Debtors
2024
2023
£
£
Trade debtors
188,477
284,825
Other debtors
31,646
27,252
---------
---------
220,123
312,077
---------
---------
9. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,778
33,008
Social security and other taxes
240,496
161,803
Other creditors
64,016
18,583
---------
---------
354,290
213,394
---------
---------