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Company Registration No. 00678407 (England and Wales)
Derek Burridge (Wholesale) Limited Unaudited accounts for the year ended 31 December 2024
Derek Burridge (Wholesale) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Derek Burridge (Wholesale) Limited Company Information for the year ended 31 December 2024
Directors
Mr G T Burridge Mr M A Burridge
Secretary
Mr G T Burridge
Company Number
00678407 (England and Wales)
Registered Office
AWARDS HOUSE UNIT 15 THE METRO CENTRE SPRINGFIELD ROAD HAYES MIDDLESEX UB4 0LE United Kingdom
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Derek Burridge (Wholesale) Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
701,143 
701,508 
Current assets
Inventories
11,500 
31,500 
Debtors
5
392,578 
99,369 
Cash at bank and in hand
89,155 
84,617 
493,233 
215,486 
Creditors: amounts falling due within one year
6
(361,568)
(117,666)
Net current assets
131,665 
97,820 
Total assets less current liabilities
832,808 
799,328 
Creditors: amounts falling due after more than one year
7
- 
(29,116)
Provisions for liabilities
Deferred tax
(123)
(156)
Net assets
832,685 
770,056 
Capital and reserves
Called up share capital
8
1,000 
1,000 
Revaluation reserve
343,831 
343,831 
Profit and loss account
487,854 
425,225 
Shareholders' funds
832,685 
770,056 
For the year ending 31 December 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 9 May 2025 and were signed on its behalf by
Mr G T Burridge Director Company Registration No. 00678407
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Derek Burridge (Wholesale) Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Derek Burridge (Wholesale) Limited is a private company, limited by shares, registered in England and Wales, registration number 00678407. The registered office is AWARDS HOUSE UNIT 15, THE METRO CENTRE, SPRINGFIELD ROAD HAYES, MIDDLESEX, UB4 0LE, United Kingdom.
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.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Derek Burridge (Wholesale) Limited Notes to the Accounts for the year ended 31 December 2024
Pension costs
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
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
700,000 
110,391 
15,552 
82,774 
18,413 
927,130 
At 31 December 2024
700,000 
110,391 
15,552 
82,774 
18,413 
927,130 
Depreciation
At 1 January 2024
- 
109,744 
15,552 
82,604 
17,722 
225,622 
Charge for the year
- 
162 
- 
43 
160 
365 
At 31 December 2024
- 
109,906 
15,552 
82,647 
17,882 
225,987 
Net book value
At 31 December 2024
700,000 
485 
- 
127 
531 
701,143 
At 31 December 2023
700,000 
647 
- 
170 
691 
701,508 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
389,598 
95,911 
Accrued income and prepayments
2,980 
3,458 
392,578 
99,369 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
86,789 
24,556 
Trade creditors
76,355 
17,930 
Taxes and social security
118,631 
48,964 
Other creditors
11,914 
11,821 
Loans from directors
62,124 
9,345 
Accruals
5,755 
5,050 
361,568 
117,666 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
29,116 
- 6 -
Derek Burridge (Wholesale) Limited Notes to the Accounts for the year ended 31 December 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500 
500 
500 Ordinary shares of £1 each
500 
500 
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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