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Company Registration No. 05070421 (England and Wales)
Burns Sheehan Limited Unaudited accounts for the year ended 30 November 2024
Burns Sheehan Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Burns Sheehan Limited Company Information for the year ended 30 November 2024
Directors
BURNS, Sean Michael MATHER, Suzanne Lynn MCKITTRICK, Nicholas James SHEEHAN, Jonathan Adam
Company Number
05070421 (England and Wales)
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Burns Sheehan Limited Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
8,744
21,597
Tangible assets
5
72,971
98,304
Investments
6
150,000
150,000
231,715
269,901
Current assets
Debtors
7
2,079,415
1,914,179
Cash at bank and in hand
233,549
563,802
2,312,964
2,477,981
Creditors: amounts falling due within one year
8
(2,033,898)
(2,108,164)
Net current assets
279,066
369,817
Total assets less current liabilities
510,781
639,718
Creditors: amounts falling due after more than one year
9
(350,000)
(150,000)
Provisions for liabilities
Other provisions
(18,242)
(24,572)
Net assets
142,539
465,146
Capital and reserves
Called up share capital
75,699
75,699
Profit and loss account
66,840
389,447
Shareholders' funds
142,539
465,146
For the year ending 30 November 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2025 and were signed on its behalf by
BURNS, Sean Michael Director Company Registration No. 05070421
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Burns Sheehan Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Burns Sheehan Limited is a private company, limited by shares, registered in England and Wales, registration number 05070421.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. Software and website development is being amortised evenly over its useful life.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over remaining lease period
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
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Burns Sheehan Limited Notes to the Accounts for the year ended 30 November 2024
Hire Purchase and lease commitments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
£
Cost
At 1 December 2023
51,410
At 30 November 2024
51,410
Amortisation
At 1 December 2023
29,813
Charge for the year
12,853
At 30 November 2024
42,666
Net book value
At 30 November 2024
8,744
At 30 November 2023
21,597
5
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
36,820
410,874
447,694
Additions
-
1,284
1,284
At 30 November 2024
36,820
412,158
448,978
Depreciation
At 1 December 2023
23,452
325,938
349,390
Charge for the year
3,682
22,935
26,617
At 30 November 2024
27,134
348,873
376,007
Net book value
At 30 November 2024
9,686
63,285
72,971
At 30 November 2023
13,368
84,936
98,304
6
Investments
Other investments
£
Valuation at 1 December 2023
150,000
Valuation at 30 November 2024
150,000
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Burns Sheehan Limited Notes to the Accounts for the year ended 30 November 2024
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,060,346
1,121,124
Accrued income and prepayments
863,179
789,122
Other debtors
155,890
3,933
2,079,415
1,914,179
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
100,000
100,000
VAT
153,367
143,545
Trade creditors
184,666
291,403
Taxes and social security
144,247
132,496
Other creditors
1,451,618
1,440,720
2,033,898
2,108,164
9
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
350,000
150,000
10
Average number of employees
During the year the average number of employees was 36 (2023: 49).
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