Registered number
05951184
The Butterworth Partnership Limited
Filleted Accounts
31 October 2024
The Butterworth Partnership Limited
Registered number: 05951184
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,682 5,743
Current assets
Stocks 602 602
Debtors 4 88,722 81,862
Cash at bank and in hand 10,282 427
99,606 82,891
Creditors: amounts falling due within one year 5 (38,193) (17,068)
Net current assets 61,413 65,823
Total assets less current liabilities 63,095 71,566
Creditors: amounts falling due after more than one year 6 (34,570) (42,193)
Net assets 28,525 29,373
Capital and reserves
Called up share capital 2 2
Profit and loss account 28,523 29,371
Shareholders' funds 28,525 29,373
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Butterworth
Director
Approved by the board on 29 April 2025
The Butterworth Partnership Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2023 2,860 68,042 70,902
Additions - 925 925
At 31 October 2024 2,860 68,967 71,827
Depreciation
At 1 November 2023 2,574 62,585 65,159
Charge for the year 286 4,700 4,986
At 31 October 2024 2,860 67,285 70,145
Net book value
At 31 October 2024 - 1,682 1,682
At 31 October 2023 286 5,457 5,743
4 Debtors 2024 2023
£ £
Trade debtors 661 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 87,511 80,541
Deferred tax asset 320 1,091
Other debtors 230 230
88,722 81,862
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 13,666 2,142
Trade creditors 826 4,182
Taxation and social security costs 22,162 9,337
Other creditors 1,539 1,407
38,193 17,068
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,570 42,193
7 Other information
The Butterworth Partnership Limited is a private company limited by shares and incorporated in England. Its registered office is:
36 Welshwood Park Road
Colchester
Essex
CO4 3HZ
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