Company registration number 09670153 (England and Wales)
BURGESS WILLIAMS FINANCIAL SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
BURGESS WILLIAMS FINANCIAL SERVICES LTD
CONTENTS
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
BURGESS WILLIAMS FINANCIAL SERVICES LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF BURGESS WILLIAMS FINANCIAL SERVICES LTD
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burgess Williams Financial Services Ltd for the year ended 30 June 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.
This report is made solely to the board of directors of Burgess Williams Financial Services Ltd, as a body, in accordance with the terms of our engagement letter dated 20 April 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Burgess Williams Financial Services Ltd and state those matters that we have agreed to state to the board of directors of Burgess Williams Financial Services Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burgess Williams Financial Services Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Burgess Williams Financial Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burgess Williams Financial Services Ltd. You consider that Burgess Williams Financial Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Burgess Williams Financial Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Magenta Accounts Limited
Chartered Certified Accountants
2a Poles Copse
Poles Lane
Otterbourne
Hampshire
SO21 2DZ
12 August 2025
BURGESS WILLIAMS FINANCIAL SERVICES LTD
BALANCE SHEET
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
44
59
Investments
4
20,340
20,639
20,384
20,698
Current assets
Debtors
5
122
122
Investments
6
21,026
20,000
Cash at bank and in hand
393
4,457
21,541
24,579
Creditors: amounts falling due within one year
7
(11,062)
(9,249)
Net current assets
10,479
15,330
Total assets less current liabilities
30,863
36,028
Creditors: amounts falling due after more than one year
8
(8,034)
(9,704)
Net assets
22,829
26,324
Capital and reserves
Called up share capital
10
2
2
Profit and loss reserves
22,827
26,322
Total equity
22,829
26,324
BURGESS WILLIAMS FINANCIAL SERVICES LTD
BALANCE SHEET (CONTINUED)
- 3 -
For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 9 August 2025 and are signed on its behalf by:
Mr P Williams
Director
Company registration number 09670153 (England and Wales)
BURGESS WILLIAMS FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
1
Accounting policies
Company information
Burgess Williams Financial Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is White Cottage, Stonehills, Fawley, Southampton, Hampshire, SO45 1DU.
1.1
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 £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer.
1.3
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.
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:
Fixtures and fittings
25% 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.
1.4
Fixed asset investments
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
BURGESS WILLIAMS FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 5 -
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.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Total
£
Cost
At 1 July 2024 and 30 June 2025
773
Depreciation and impairment
At 1 July 2024
714
Depreciation charged in the year
15
At 30 June 2025
729
Carrying amount
At 30 June 2025
44
At 30 June 2024
59
4
Fixed asset investments
2025
2024
£
£
Other investments other than loans
20,340
20,639
BURGESS WILLIAMS FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 July 2024
20,639
Valuation changes
(299)
At 30 June 2025
20,340
Carrying amount
At 30 June 2025
20,340
At 30 June 2024
20,639
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
122
122
6
Current asset investments
2025
2024
£
£
Other investments
21,026
20,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
2,693
1,832
Trade creditors
1,096
421
Corporation tax
907
5,375
Other creditors
6,366
1,621
11,062
9,249
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
9
8,034
9,704
Creditors which fall due after five years are payable as follows:
Payable by instalments
334
1,900
BURGESS WILLIAMS FINANCIAL SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 7 -
9
Loans and overdrafts
2025
2024
£
£
Bank loans
9,704
11,536
Bank overdrafts
1,023
10,727
11,536
Payable within one year
2,693
1,832
Payable after one year
8,034
9,704
10
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
2 of £1 each
2
2
2
2