| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| W.A.Burdall and Company |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| for |
| W.A.Burdall and Company |
| W.A.Burdall and Company (Registered number: 00573525) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2024 |
| Page |
| Chartered accountants' report | 1 |
| Statement of financial position | 2 | to | 3 |
| Notes to the financial statements | 4 | to | 8 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| W.A.Burdall and Company |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W.A.Burdall and Company for the year ended 31 October 2024 which comprise the Income statement, Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of W.A.Burdall and Company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of W.A.Burdall and Company and state those matters that we have agreed to state to the Board of Directors of W.A.Burdall and Company, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.A.Burdall and Company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that W.A.Burdall and Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W.A.Burdall and Company. You consider that W.A.Burdall and Company is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of W.A.Burdall and Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Bank House |
| Broad Street |
| Spalding |
| Lincolnshire |
| PE11 1TB |
| W.A.Burdall and Company (Registered number: 00573525) |
| Statement of Financial Position |
| 31 October 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 5 |
| Investment property | 6 |
| Current assets |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 12 |
| Non-distributable reserve |
| Retained earnings |
| Shareholders' funds |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps 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 Sections 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. |
| W.A.Burdall and Company (Registered number: 00573525) |
| Statement of Financial Position - continued |
| 31 October 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| W.A.Burdall and Company (Registered number: 00573525) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2024 |
| 1. | Statutory information |
| W.A.Burdall and Company is a private company , registered in England and Wales. The company's registered number and registered office address are as below: |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and VAT. |
| Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Estimation of useful life |
| The useful economic life used to depreciate tangible fixed assets relates to the expected future |
| performance of the assets acquired and management's estimate of the period over which economic benefit will be derived from the asset. |
| Estimation of residual value |
| The residual value of an asset is the estimated fair value of that asset at the end of its useful |
| economic life and therefore is also dependent upon the estimation of that life span.Historically, changes to the useful economic life and residual values have not had a material impact on the depreciation amount charged to the profit and loss. |
| W.A.Burdall and Company (Registered number: 00573525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 3. | Accounting policies - continued |
| Investment property |
| Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is included in the fair value reserve net of the related tax effect. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
| 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. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Hire purchase and leasing commitments |
| Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expenses over the lease term on a straight-line basis. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| W.A.Burdall and Company (Registered number: 00573525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 5. | Tangible fixed assets |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 October 2024 |
| Depreciation |
| At 1 November 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 November 2023 |
| Revaluations |
| At 31 October 2024 |
| Net book value |
| At 31 October 2024 |
| At 31 October 2023 |
| Fair value at 31 October 2024 is represented by: |
| £ |
| Valuation in 2015 | 60,431 |
| Valuation in 2016 | 27,000 |
| Valuation in 2017 | 13,500 |
| Valuation in 2019 | 10,595 |
| Valuation in 2020 | 53,924 |
| Valuation in 2021 | 177,277 |
| Valuation in 2022 | (1,000 | ) |
| Valuation in 2023 | (87,000 | ) |
| Valuation in 2024 | 33,000 |
| Cost | 478,273 |
| 766,000 |
| Investment properties were valued on an open market basis on 31 October 2024 by the director . |
| W.A.Burdall and Company (Registered number: 00573525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 7. | Debtors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Directors' current accounts |
| Prepayments and accrued income |
| 8. | Creditors: amounts falling due within one year |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT |
| Other creditors |
| Directors' current accounts |
| Accruals and deferred income |
| 9. | Creditors: amounts falling due after more than one year |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts (see note 10) |
| 10. | Leasing agreements |
| Minimum lease payments under hire purchase fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 11. | Secured debts |
| The following secured debts are included within creditors: |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts |
| Amounts owed under hire purchase contracts are secured upon the assets to which they relate. |
| W.A.Burdall and Company (Registered number: 00573525) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2024 |
| 12. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 7,000 | 7,000 |
| 13. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023: |
| 2024 | 2023 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 14. | Ultimate controlling party |
| The ultimate parent company is W A Burdall & Co. (Service Station) Limited which is incorporated in England and Wales. |
| The company and its parent company together comprise a small group. Hence the company is able to take advantage of the exemption from audit. |