Butler's of Leicester Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 06517777

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,700		12,002

			4,700		12,002
CURRENT ASSETS
Stocks	6	3,000		8,500
Debtors	7	24,755		25,097
Cash at bank and in hand		17,025		21,542

		44,780		55,139
Creditors: Amounts Falling Due Within One Year	8	(155,551 )		(119,583 )

NET CURRENT ASSETS (LIABILITIES)			(110,771 )		(64,444 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(106,071 )		(52,442 )

Creditors: Amounts Falling Due After More Than One Year	9		(175,503 )		(250,967 )

NET LIABILITIES			(281,574 )		(303,409 )

CAPITAL AND RESERVES
Called up share capital	10		125		125
Share premium account			10,475		10,475
Profit and Loss Account			(292,174 )		(314,009 )

SHAREHOLDERS' FUNDS			(281,574)		(303,409)

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Butler's of Leicester Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C F Butler

Director

10/09/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Butler's of Leicester Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06517777 . The registered office is Unit 6, Knighton Junction Lane, Leicester, LE2 6AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	33% straight line

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Butler's of Leicester Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	490,000

As at 31 March 2025	490,000

Amortisation
As at 1 April 2024	490,000

As at 31 March 2025	490,000

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Butler's of Leicester Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	33,601	21,930	929	56,460
Disposals	(14,200 )	-	(311 )	(14,511 )

As at 31 March 2025	19,401	21,930	618	41,949

Depreciation
As at 1 April 2024	21,910	21,930	618	44,458
Provided during the period	1,175	-	-	1,175
Disposals	(8,384 )	-	-	(8,384 )

As at 31 March 2025	14,701	21,930	618	37,249

Net Book Value
As at 31 March 2025	4,700	-	-	4,700

As at 1 April 2024	11,691	-	311	12,002

6. Stocks

	2025	2024
	£	£
Stock	3,000	5,500
Work in progress	-	3,000

	3,000	8,500

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	16,507	20,513
Prepayments and accrued income	5,195	4,433
Other debtors	3,053	151

	24,755	25,097

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Butler's of Leicester Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	20,745	24,209
Trade creditors	36,792	36,257
Bank loans and overdrafts	57,735	38,034
Other taxes and social security	2,521	3,147
VAT	7,516	11,996
Other creditors	25,000	335
Accruals and deferred income	5,242	5,605

	155,551	119,583

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	35,000	55,745
Bank loans	140,503	195,222

	175,503	250,967

The bank loans are secured by the personal property of the director.

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	-		18,167

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	125	125

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