Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.62023-11-01falseflexographic printing supplies6truetruefalse 03659106 2023-11-01 2024-10-31 03659106 2022-11-01 2023-10-31 03659106 2024-10-31 03659106 2023-10-31 03659106 2022-11-01 03659106 c:Director2 2023-11-01 2024-10-31 03659106 d:PlantMachinery 2023-11-01 2024-10-31 03659106 d:PlantMachinery 2024-10-31 03659106 d:PlantMachinery 2023-10-31 03659106 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03659106 d:FurnitureFittings 2023-11-01 2024-10-31 03659106 d:FurnitureFittings 2024-10-31 03659106 d:FurnitureFittings 2023-10-31 03659106 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03659106 d:ComputerEquipment 2023-11-01 2024-10-31 03659106 d:ComputerEquipment 2024-10-31 03659106 d:ComputerEquipment 2023-10-31 03659106 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03659106 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 03659106 d:CurrentFinancialInstruments 2024-10-31 03659106 d:CurrentFinancialInstruments 2023-10-31 03659106 d:Non-currentFinancialInstruments 2024-10-31 03659106 d:Non-currentFinancialInstruments 2023-10-31 03659106 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03659106 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03659106 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 03659106 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 03659106 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 03659106 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 03659106 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 03659106 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 03659106 d:ShareCapital 2024-10-31 03659106 d:ShareCapital 2023-10-31 03659106 d:RetainedEarningsAccumulatedLosses 2024-10-31 03659106 d:RetainedEarningsAccumulatedLosses 2023-10-31 03659106 c:FRS102 2023-11-01 2024-10-31 03659106 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03659106 c:FullAccounts 2023-11-01 2024-10-31 03659106 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03659106 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 03659106 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 03659106 d:RetirementBenefitObligationsDeferredTax 2024-10-31 03659106 d:RetirementBenefitObligationsDeferredTax 2023-10-31 03659106 2 2023-11-01 2024-10-31 03659106 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number:  03659106














BURTON FLEXO SUPPLIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


 
BURTON FLEXO SUPPLIES LIMITED
Registered number: 03659106

BALANCE SHEET
As at 31 October 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
754
1,215

  
754
1,215

Current assets
  

Stocks
  
187,236
142,690

Debtors: amounts falling due within one year
 5 
89,598
147,539

Cash at bank and in hand
 6 
64,328
66,161

  
341,162
356,390

Creditors: amounts falling due within one year
 7 
(332,745)
(343,533)

Net current assets
  
 
 
8,417
 
 
12,857

Total assets less current liabilities
  
9,171
14,072

Creditors: amounts falling due after more than one year
 8 
(7,125)
(13,288)

Provisions for liabilities
  

Deferred tax
 10 
-
(63)

  
 
 
-
 
 
(63)

Net assets
  
2,046
721


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,946
621

  
2,046
721


Page 1

 
BURTON FLEXO SUPPLIES LIMITED
Registered number: 03659106
    
BALANCE SHEET (CONTINUED)
As at 31 October 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
P A Burton
Director

Date: 10 July 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

1.


General information

The Company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England (no.03659106). The address of the registered office is Unit 6 Walsham Enterprise Centre, Globe Industrial Estate, Rectory Road, Grays, Essex, RM17 6ST.
These financial statements present information about the Company as an individual undertaking. It is not a member of a group of companies. The principal activity of the Company is that of flexographic printing supplies.
The presentation currency of these financial statements is £ sterling; the financial statements are rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

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

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and equipment
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


TANGIBLE FIXED ASSETS





Plant & machinery
Fixtures & fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
13,316
2,383
2,515
18,214



At 31 October 2024

13,316
2,383
2,515
18,214



Depreciation


At 1 November 2023
13,036
2,383
1,580
16,999


Charge for the year on owned assets
149
-
312
461



At 31 October 2024

13,185
2,383
1,892
17,460



Net book value



At 31 October 2024
131
-
623
754



At 31 October 2023
280
-
935
1,215

Page 6

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

5.


Debtors

2024
2023
£
£


Trade debtors
88,472
146,306

Prepayments and accrued income
1,103
1,233

Deferred taxation
23
-

89,598
147,539



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
64,328
66,161

64,328
66,161



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,440
6,280

Trade creditors
43,733
66,768

Corporation tax
6,902
3,513

Other taxation and social security
7,887
9,655

Other creditors
254,080
244,623

Accruals and deferred income
13,703
12,694

332,745
343,533



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,125
13,288

7,125
13,288


Page 7

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
6,440
6,280

Amounts falling due 1-2 years

Bank loans
7,125
6,440

Amounts falling due 2-5 years

Bank loans
-
6,848


13,565
19,568


Page 8

 
BURTON FLEXO SUPPLIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 October 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(63)
122


Charged to profit or loss
86
(185)



At end of year
23
(63)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(143)
(231)

Short term timing differences
166
168

23
(63)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,325 (2023 - £9,942). Contributions totalling £1,226 (2023 - £1,235) were payable to the fund at the balance sheet date and are included in creditors.


12.


Controlling party

The Company is controlled by its directors.

 
Page 9