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Registered number: 06596132
Butlers Walsall Ltd
Financial Statements
For The Year Ended 31 May 2022
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06596132
2022 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 162 162
162 162
CURRENT ASSETS
Stocks 5 1,980,292 1,980,292
Debtors 6 4,218,614 4,221,984
Cash at bank and in hand 9,611 146,729
6,208,517 6,349,005
Creditors: Amounts Falling Due Within One Year 7 (4,510,027 ) (4,046,892 )
NET CURRENT ASSETS (LIABILITIES) 1,698,490 2,302,113
TOTAL ASSETS LESS CURRENT LIABILITIES 1,698,652 2,302,275
Creditors: Amounts Falling Due After More Than One Year 8 (1,047,242 ) (1,612,350 )
NET ASSETS 651,410 689,925
CAPITAL AND RESERVES
Called up share capital 9 4 4
Profit and Loss Account 651,406 689,921
SHAREHOLDERS' FUNDS 651,410 689,925
Page 1
Page 2
For the year ending 31 May 2022 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Amarveer Dhatt
Director
Mr Amar Mehli
Director
12th June 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Butlers Walsall Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06596132 . The registered office is Unit 1 Mistry House, 6-8 Dudley Street, Luton, England, LU2 0NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2021: NIL)
2 -
4. Investments
Other
£
Cost
As at 1 June 2021 162
As at 31 May 2022 162
Provision
As at 1 June 2021 -
As at 31 May 2022 -
Net Book Value
As at 31 May 2022 162
As at 1 June 2021 162
5. Stocks
2022 2021
£ £
Stock 1,980,292 1,980,292
Page 3
Page 4
6. Debtors
2022 2021
£ £
Due within one year
Amounts owed by group undertakings 3,787,392 4,096,522
Other debtors 431,222 125,462
4,218,614 4,221,984
7. Creditors: Amounts Falling Due Within One Year
2022 2021
£ £
Other loans 25,000 25,000
Amounts owed to group undertakings 547,863 82,026
Other creditors 3,914,519 3,912,120
Taxation and social security 22,645 27,746
4,510,027 4,046,892
8. Creditors: Amounts Falling Due After More Than One Year
2022 2021
£ £
Other loans 889,000 1,552,608
Amounts owed to group undertakings 158,242 59,742
1,047,242 1,612,350
9. Share Capital
2022 2021
£ £
Allotted, Called up and fully paid 4 4
Page 4