REGISTERED NUMBER: 00663139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

BURROWS BROTHERS (SALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M W Starsmore

SECRETARY:

C M Starsmore

REGISTERED OFFICE:

Wolsley House

108 Saltergate

Chesterfield

Derbyshire

S40 1NE

REGISTERED NUMBER:

00663139 (England and Wales)

ACCOUNTANTS:

Marriott Gibbs Rees Wallis Limited

Chartered Certified Accountants

First Floor

Unit 4, Broadfield Court

Sheffield

South Yorkshire

S8 0XF

FIXED ASSETS

Tangible assets

5

350,001

356,487

Investments

6

2,261,350

2,261,350

2,611,351

2,617,837

CURRENT ASSETS

Stocks

102,000

98,375

Debtors

7

2,511,444

2,499,432

Cash at bank

3,632,643

3,172,362

6,246,087

5,770,169

CREDITORS

Amounts falling due within one year

8

5,572,132

4,908,289

NET CURRENT ASSETS

673,955

861,880

TOTAL ASSETS LESS CURRENT LIABILITIES

3,285,306

3,479,717

PROVISIONS FOR LIABILITIES

64,250

65,100

NET ASSETS

3,221,056

3,414,617

CAPITAL AND RESERVES

Called up share capital

15,000

15,000

Revaluation reserve

10

89,672

92,565

Capital redemption reserve

10

50

50

Retained earnings

10

3,116,334

3,307,002

SHAREHOLDERS' FUNDS

3,221,056

3,414,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

M W Starsmore - Director

1.	STATUTORY INFORMATION

Burrows Brothers (Sales) 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 (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

After reviewing the company's financial position, plans and future cash requirements, the director has formed the opinion that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the company continues to adopt the going concern basis of accounting in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Burrows Brothers (Sales) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based upon historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical judgements in applying the company's accounting policies

There are no critical accounting judgements, apart from those involving estimations (which are dealt with separately below) that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Key sources of estimation uncertainty

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets.

Turnover

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

Tangible fixed assets

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

Freehold buildings

-

Straight line over 50 years

Plant, equipment and motor vehicles

-

25% on reducing balance and 20% on reducing balance

Office equipment

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are initially stated at cost in the balance sheet of the company

and reviewed for impairment at the end of the first full financial year following their acquisition and in

other periods if events or changes in circumstances indicate that the carrying value may not be

recoverable.

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 Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Plant,

equipment

Freehold

and motor

Office

buildings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 June 2024

150,000

1,186,930

14,419

1,351,349

Additions

-

72,413

-

72,413

Disposals

-

(55,336

)

-

(55,336

)

At 31 May 2025

150,000

1,204,007

14,419

1,368,426

DEPRECIATION

At 1 June 2024

54,000

928,735

12,127

994,862

Charge for year

3,000

72,893

459

76,352

Eliminated on disposal

-

(52,789

)

-

(52,789

)

At 31 May 2025

57,000

948,839

12,586

1,018,425

NET BOOK VALUE

At 31 May 2025

93,000

255,168

1,833

350,001

At 31 May 2024

96,000

258,195

2,292

356,487

Cost or valuation at 31 May 2025 is represented by:

Plant,

equipment

Freehold

and motor

Office

buildings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2006

143,908

-

-

143,908

Cost

6,092

1,204,007

14,419

1,224,518

150,000

1,204,007

14,419

1,368,426

If freehold buildings had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

6,092

6,092

Aggregate depreciation

3,049

2,927

The Freehold buildings class of fixed assets was revalued on 20 February 2006 by Wilkins Hammond, Chartered Surveyors, who are external to the company and subsequently valued on a deemed cost basis on 1 June 2015 by the director in accordance with FRS 102.

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

and 31 May 2025

2,261,350

NET BOOK VALUE

At 31 May 2025

2,261,350

At 31 May 2024

2,261,350

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,900

91,259

Other debtors

2,504,544

2,408,173

2,511,444

2,499,432

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

44,475

51,098

Amounts owed to group undertakings

5,484,690

4,823,162

Corporation tax

-

3,141

Other taxes and social security

9,482

13,173

VAT

14,939

-

Other creditors

1,822

1,543

Accrued expenses

16,724

16,172

5,572,132

4,908,289

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

96,503

91,800

Between one and five years

56,010

127,200

In more than five years

11,379

2,250

163,892

221,250

10.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 June 2024

3,307,002

92,565

50

3,399,617

Deficit for the year

(155,631

)

(155,631

)

Dividends

(37,930

)

(37,930

)

Transfer from revaluation reserve

2,893

(2,893

)

-

-

At 31 May 2025

3,116,334

89,672

50

3,206,056

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

M W Starsmore

Balance outstanding at start of year

1,734,240

1,678,182

Amounts advanced

78,810

56,058

Amounts repaid

(316

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,812,734

1,734,240

Interest was charged at a rate of 2.25% to 5 April 2025 and subsequently 3.75% on loans subsisting during the year. All amounts are unsecured and repayable on demand.