Burcott Stores Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08821997 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Burcott Stores Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

8

DIRECTORS:

S Srikanth

Ms A Jimenez

REGISTERED OFFICE:

14 Ravensbury Avenue

Morden

Surrey

SM4 6ET

REGISTERED NUMBER:

08821997 (England and Wales)

ACCOUNTANT:

Bala Ltd

Chartered Certified

Accountants

14 Ravensbury Avenue

Morden

Surrey

SM4 6ET

FIXED ASSETS

Intangible assets

4

30,000

Tangible assets

5

457,695

487,695

CURRENT ASSETS

Stocks

-

38,000

Debtors

6

414

Cash at bank and in hand

22,827

23,241

61,241

CREDITORS

Amounts falling due within one year

7

511,468

NET CURRENT LIABILITIES

(488,227

)

(450,227

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(532

)

37,468

CREDITORS

Amounts falling due after more than one year

8

50,428

NET LIABILITIES

(50,960

)

(12,960

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(51,060

)

(13,060

)

SHAREHOLDERS' FUNDS

(50,960

)

(12,960

)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

S Srikanth - Director

1.	STATUTORY INFORMATION

Burcott Stores 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These 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 under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

In excess of carrying value no charge

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

In the view of directors, residual value of Land and Building is in excess of carrying value in the financial statements and therefore no depreciation charge made for the year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement 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.

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at the current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Balance Sheet date.

Fair value are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in the Income Statement unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in the profit and loss account.

Finance costs

Finance costs are charged to Income Statements over the terms of the debt using the effective interest method so that the amount charged is at the constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instruments.

Borrowing costs

All borrowing costs are recognised in the Income Statement in the year in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

60,000

AMORTISATION

At 1 January 2024

and 31 December 2024

30,000

NET BOOK VALUE

At 31 December 2024

30,000

At 31 December 2023

30,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

416,127

104,812

520,939

DEPRECIATION

At 1 January 2024

and 31 December 2024

-

63,244

NET BOOK VALUE

At 31 December 2024

416,127

41,568

457,695

At 31 December 2023

416,127

41,568

457,695

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

414

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

24,364

Taxation and social security

5,926

Other creditors

481,178

511,468

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

50,428

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

33,555

9.	RELATED PARTY DISCLOSURES

At the year end, other creditors includes sum of £481,178 (2022: £587,039) owing to Mr Srikanth, the director.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Bala Ltd

Chartered Certified

Accountants

14 Ravensbury Avenue

Morden

Surrey

SM4 6ET

Date: .............................................