Burrett Builders Ltd 10943877 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is general builders Digita Accounts Production Advanced 6.30.9574.0 true true true 10943877 2023-10-01 2024-09-30 10943877 2024-09-30 10943877 bus:Director1 1 2024-09-30 10943877 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-09-30 10943877 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-09-30 10943877 core:CurrentFinancialInstruments 2024-09-30 10943877 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10943877 core:Non-currentFinancialInstruments 2024-09-30 10943877 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 10943877 core:FurnitureFittingsToolsEquipment 2024-09-30 10943877 core:MotorVehicles 2024-09-30 10943877 core:OtherPropertyPlantEquipment 2024-09-30 10943877 core:ParentEntities 2024-09-30 10943877 bus:SmallEntities 2023-10-01 2024-09-30 10943877 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10943877 bus:FullAccounts 2023-10-01 2024-09-30 10943877 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10943877 bus:RegisteredOffice 2023-10-01 2024-09-30 10943877 bus:Director1 2023-10-01 2024-09-30 10943877 bus:Director1 1 2023-10-01 2024-09-30 10943877 bus:Director2 2023-10-01 2024-09-30 10943877 bus:Director3 2023-10-01 2024-09-30 10943877 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10943877 core:ComputerEquipment 2023-10-01 2024-09-30 10943877 core:FurnitureFittings 2023-10-01 2024-09-30 10943877 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 10943877 core:MotorVehicles 2023-10-01 2024-09-30 10943877 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 10943877 1 2023-10-01 2024-09-30 10943877 countries:England 2023-10-01 2024-09-30 10943877 2023-09-30 10943877 bus:Director1 1 2023-09-30 10943877 core:FurnitureFittingsToolsEquipment 2023-09-30 10943877 core:MotorVehicles 2023-09-30 10943877 core:OtherPropertyPlantEquipment 2023-09-30 10943877 core:ParentEntities 2023-09-30 10943877 2022-10-01 2023-09-30 10943877 2023-09-30 10943877 bus:Director1 1 2023-09-30 10943877 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-09-30 10943877 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-09-30 10943877 core:CurrentFinancialInstruments 2023-09-30 10943877 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10943877 core:Non-currentFinancialInstruments 2023-09-30 10943877 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 10943877 core:FurnitureFittingsToolsEquipment 2023-09-30 10943877 core:MotorVehicles 2023-09-30 10943877 core:OtherPropertyPlantEquipment 2023-09-30 10943877 core:ParentEntities 2023-09-30 10943877 bus:Director1 1 2022-10-01 2023-09-30 10943877 2022-09-30 10943877 bus:Director1 1 2022-09-30 10943877 core:ParentEntities 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 10943877

Burrett Builders Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Burrett Builders Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Burrett Builders Ltd

Company Information

Directors

Mr N E Burrett

Mr I J Penfold

Mr A J Dibden

Registered office

The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

Accountants

Wilkinsons Accountants Limited
Chartered Certified Accountants
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

 

Burrett Builders Ltd

(Registration number: 10943877)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

89,235

35,044

Current assets

 

Stocks

5

4,800

6,708

Debtors

6

171,775

164,720

Cash at bank and in hand

 

3,335

14,331

 

179,910

185,759

Creditors: Amounts falling due within one year

7

(188,280)

(192,045)

Net current liabilities

 

(8,370)

(6,286)

Total assets less current liabilities

 

80,865

28,758

Creditors: Amounts falling due after more than one year

7

(67,700)

(17,459)

Provisions for liabilities

(12,256)

(7,942)

Net assets

 

909

3,357

Capital and reserves

 

Called up share capital

100

100

Retained earnings

809

3,257

Shareholders' funds

 

909

3,357

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
Mr I J Penfold
Director

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Old Exchange
521 Wimborne Road East
Ferndown
Dorset
BH22 9NH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of sales of goods and services to customers.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer software

25% Straight line

Motor vehicles

25% Reducing balance

Fixtures and fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

2

Accounting policies (continued)

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Computer software
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

2,310

71,599

25,301

99,210

Additions

-

84,119

-

84,119

Disposals

-

(49,100)

(2,798)

(51,898)

At 30 September 2024

2,310

106,618

22,503

131,431

Depreciation

At 1 October 2023

2,310

47,698

14,158

64,166

Charge for the year

-

9,586

2,691

12,277

Eliminated on disposal

-

(32,581)

(1,666)

(34,247)

At 30 September 2024

2,310

24,703

15,183

42,196

Carrying amount

At 30 September 2024

-

81,915

7,320

89,235

At 30 September 2023

-

23,901

11,143

35,044

5

Stock and work in progress

2024
£

2023
£

Stock and work in progress

4,800

6,708

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

38,526

77,361

Amounts owed by group undertakings and undertakings in which the company has a participating interest

9

117

117

Prepayments

 

6,453

5,728

Other debtors

 

126,679

81,514

 

171,775

164,720

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

21,663

20,064

Trade creditors

 

56,727

50,029

Taxation and social security

 

12,998

42,325

Accruals and deferred income

 

13,028

4,418

Other creditors

 

83,864

75,209

 

188,280

192,045

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

67,700

17,459

8

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

8,359

17,459

Hire purchase contracts

59,341

-

67,700

17,459

2024
£

2023
£

Current loans and borrowings

Bank borrowings

10,070

10,070

Hire purchase contracts

11,593

9,994

21,663

20,064

 

Burrett Builders Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

9

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mr N E Burrett

Loan - interest charged at official rate, unsecured and repayable on demand

63,003

48,539

(18,665)

92,876

         
       

 

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mr N E Burrett

Loan - interest charged at official rate, unsecured and repayable on demand

47,680

47,323

(32,000)

63,003

         
       

 

Loans to related parties

2024

Parent
£

Total
£

At start of period

117

117

At end of period

117

117

2023

Parent
£

Total
£

At start of period

117

117

At end of period

117

117

10

Parent and ultimate parent undertaking

The company's immediate parent is Burrett Holdings Ltd, incorporated in England.

  These financial statements are available upon request from The Old Exchange, 521 Wimborne Road East, Ferndown, Dorset, BH22 9NH