REGISTERED NUMBER: 04939546 (England and Wales)

BURROWS SCARBOROUGH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Burrows

A J S Bexon

SECRETARY:

D Burrows

REGISTERED OFFICE:

Sovereign House

12 Warwick Street

Earlsdon

Coventry

West Midlands

CV5 6ET

REGISTERED NUMBER:

04939546 (England and Wales)

ACCOUNTANTS:

Burrows Scarborough

Chartered Accountants

Sovereign House

12 Warwick Street

Coventry

West Midlands

CV5 6ET

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,278

4,906

4,278

4,906

CURRENT ASSETS

Debtors

2,321,284

1,258,222

Cash at bank and in hand

1,118,869

1,561,469

3,440,153

2,819,691

CREDITORS

Amounts falling due within one year

628,938

324,053

NET CURRENT ASSETS

2,811,215

2,495,638

TOTAL ASSETS LESS CURRENT LIABILITIES

2,815,493

2,500,544

PROVISIONS FOR LIABILITIES

879

993

NET ASSETS

2,814,614

2,499,551

CAPITAL AND RESERVES

Called up share capital

100

100

Capital redemption reserve

49

49

Retained earnings

2,814,465

2,499,402

SHAREHOLDERS' FUNDS

2,814,614

2,499,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 September 2025 and were signed on its behalf by:

N J Burrows - Director

1.	STATUTORY INFORMATION

Burrows Scarborough Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Figures in the financial statements have been rounded to the nearest £.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The 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 on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is recognised on service contracts when the company receives the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2018, is being amortised evenly over its estimated useful life of ten and five years respectively.

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 etc

-

33% on cost and 20% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered 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.

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.

Employee 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.

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

366,667

AMORTISATION

At 1 January 2024

and 31 December 2024

366,667

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

26,911

Additions

1,695

At 31 December 2024

28,606

DEPRECIATION

At 1 January 2024

22,005

Charge for year

2,323

At 31 December 2024

24,328

NET BOOK VALUE

At 31 December 2024

4,278

At 31 December 2023

4,906

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

N J Burrows

Balance outstanding at start of year

-

385,000

Amounts advanced

1,475,000

-

Amounts repaid

(240,000

)

(385,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,235,000

-

Interest of 2.25% was charged on this loan and the loan is repayable on demand.

£435,000 has been repaid subsequent to the year end.

7.	RELATED PARTY DISCLOSURES

Included in debtors is £450,000 (2023 £800,000) owed by a company where N J Burrows is a director. No interest will be payable on this loan.