Company registration number 10288576 (England and Wales)
J.BURR & CO LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2023
PAGES FOR FILING WITH REGISTRAR
J.BURR & CO LTD.
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
J.BURR & CO LTD. (REGISTERED NUMBER: 10288576)
BALANCE SHEET
AS AT 30 JULY 2023
30 July 2023
- 1 -
30 July 2023
31 July 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,184
5,605
Current assets
Debtors
4
2,497
-
0
Cash at bank and in hand
1,440
1,744
3,937
1,744
Creditors: amounts falling due within one year
5
(76,648)
(84,988)
Net current liabilities
(72,711)
(83,244)
Total assets less current liabilities
(53,527)
(77,639)
Creditors: amounts falling due after more than one year
6
(11,951)
(6,122)
Provisions for liabilities
(3,645)
(1,065)
Net liabilities
(69,123)
(84,826)
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
(69,124)
(84,827)
Total equity
(69,123)
(84,826)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

J.BURR & CO LTD. (REGISTERED NUMBER: 10288576)
BALANCE SHEET (CONTINUED)
AS AT 30 JULY 2023
30 July 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 2 July 2025
Mr J Burr
Director
J.BURR & CO LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JULY 2023
- 3 -
1
Accounting policies
Company information

J.Burr & Co Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Reporting period

The company accounts are presented for a period shorter than a year, covering the period from the 1st of August 2022 to the 30th of July 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The balance sheet shows net liabilities, the director is the main creditor of the company and has confirmed that he will continue to support the company for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.

1.4
Turnover

Turnover is recognised at the fair value of consideration received or receivable for the goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The following criteria also must be met before turnover is recognised.

Turnover for the sale of goods is recognised when all of the following conditions are met:

- The company has transferred the significant risks and rewards of ownership to the buyer;

- the amount of turnover can be recognised reliably and;

- It is probable that the company will receive the consideration due under the transaction.

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of turnover can be measure reliably.

- It is probable that the company will receive the consideration under the contract.

- The stage of completion of the contract at the end of the reporting period can be measure reliably; and

- The costs incurred and the costs to complete the contract can be measure reliably.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

J.BURR & CO LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2023
1
Accounting policies
(Continued)
- 4 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
1
1
J.BURR & CO LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2023
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2022
10,954
227
8,554
19,735
Additions
15,750
805
-
0
16,555
At 30 July 2023
26,704
1,032
8,554
36,290
Depreciation and impairment
At 1 August 2022
7,839
161
6,130
14,130
Depreciation charged in the period
2,169
201
606
2,976
At 30 July 2023
10,008
362
6,736
17,106
Carrying amount
At 30 July 2023
16,696
670
1,818
19,184
At 31 July 2022
3,115
66
2,424
5,605
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,497
-
0
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
6,620
1,914
Trade creditors
2,553
1,663
Taxation and social security
2,418
1,078
Other creditors
65,057
80,333
76,648
84,988
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
11,951
6,122
J.BURR & CO LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JULY 2023
- 6 -
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
8
Financial commitments, guarantees and contingent liabilities

During the 2020 accounting period, the company borrowed £10,000 from its bankers for a bounce back loan. As part of this loan scheme, the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.

At the balance sheet date, the outstanding amount of the loan was £5,833 (2022 : £8,036). This amount is shown within creditors within one year and over one year on the balance sheet. The interest rate on this loan is 2.50% per annum.

 

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