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REGISTERED NUMBER: 08413196 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BURGESS & TAYLOR (NEWTON ABBOT) LTD

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURGESS & TAYLOR (NEWTON ABBOT) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr J Green
Mr M P Gilpin



REGISTERED OFFICE: 6 Falcon Units
Bradley Lane
Newton Abbot
Devon
TQ12 1NB



REGISTERED NUMBER: 08413196 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
3-5 Queen Street
Newton Abbot
Devon
TQ12 2AG

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,709 4,246
3,709 4,246

CURRENT ASSETS
Stocks 6 2,815 3,584
Debtors 7 26,769 35,157
Cash at bank and in hand 23,109 28,521
52,693 67,262
CREDITORS
Amounts falling due within one year 8 47,090 50,979
NET CURRENT ASSETS 5,603 16,283
TOTAL ASSETS LESS CURRENT LIABILITIES 9,312 20,529

CREDITORS
Amounts falling due after more than one
year

9

(833

)

(5,415

)

PROVISIONS FOR LIABILITIES (667 ) (809 )
NET ASSETS 7,812 14,305

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,712 14,205
SHAREHOLDERS' FUNDS 7,812 14,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

BALANCE SHEET - continued
31 MARCH 2025


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2025 and were signed on its behalf by:




Mr J Green - Director



Mr M P Gilpin - Director


BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Burgess & Taylor (Newton Abbot) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 74,998
AMORTISATION
At 1 April 2024
and 31 March 2025 74,998
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 20,505 - 1,063 21,568
Additions 279 200 - 479
At 31 March 2025 20,784 200 1,063 22,047
DEPRECIATION
At 1 April 2024 16,653 - 669 17,322
Charge for year 826 30 160 1,016
At 31 March 2025 17,479 30 829 18,338
NET BOOK VALUE
At 31 March 2025 3,305 170 234 3,709
At 31 March 2024 3,852 - 394 4,246

6. STOCKS
2025 2024
£    £   
Stocks 2,815 3,584

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,756 2,413
Amounts recoverable on contract 2,117 2,528
Directors' current accounts 18,520 29,896
Prepayments 376 320
26,769 35,157

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,000 5,416
Trade creditors 10,542 13,445
Tax 19,414 19,559
Social security and other taxes 1,073 556
VAT 7,609 10,266
Other creditors 3,401 1,686
Accrued expenses 51 51
47,090 50,979

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 833 5,415

10. OTHER FINANCIAL COMMITMENTS

At 31 March 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those assets of £12,000 (2024 £24,000).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
Mr J Green
Balance outstanding at start of year 14,538 5,743
Amounts advanced 31,312 38,795
Amounts repaid (37,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,850 14,538

BURGESS & TAYLOR (NEWTON ABBOT) LTD (REGISTERED NUMBER: 08413196)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr M P Gilpin
Balance outstanding at start of year 15,358 6,563
Amounts advanced 31,312 38,795
Amounts repaid (37,000 ) (30,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,670 15,358

Loans are unsecured, interest free and repayable on demand.

12. BOUNCE BACK LOAN

The Company took a bounce back loan guaranteed by the Government. The loan is payable over 6 years with no repayments in the first year. The interest rate is 2.5%.