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Registered number: 14027310
Burnett Construction Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Hennessey & Co
Accountants & Consultants
309 High Road
Benfleet
Essex
SS7 5HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14027310
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 664,891 26,064
664,891 26,064
CURRENT ASSETS
Debtors 5 99,493 80,738
Cash at bank and in hand 20,794 2,978
120,287 83,716
Creditors: Amounts Falling Due Within One Year 6 (732,799 ) (77,066 )
NET CURRENT ASSETS (LIABILITIES) (612,512 ) 6,650
TOTAL ASSETS LESS CURRENT LIABILITIES 52,379 32,714
Creditors: Amounts Falling Due After More Than One Year 7 (9,126 ) (15,962 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,701 ) (5,940 )
NET ASSETS 39,552 10,812
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 6,443 -
Profit and Loss Account 33,009 10,712
SHAREHOLDERS' FUNDS 39,552 10,812
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Page 2
For the year ending 30 April 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 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.
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 David Boomer
Director
29/09/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Burnett Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14027310 . The registered office is 309 High Road, Benfleet, SS7 5HA.
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. 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.
2.3. 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:
Freehold 1% Cost
Plant & Machinery 10% Cost
Motor Vehicles 20% Cost
2.4. 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.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 May 2024 - 9,850 27,999 37,849
Additions 645,411 - - 645,411
Revaluation 6,454 - - 6,454
As at 30 April 2025 651,865 9,850 27,999 689,714
Depreciation
As at 1 May 2024 - 585 11,200 11,785
Provided during the period 6,454 985 5,599 13,038
As at 30 April 2025 6,454 1,570 16,799 24,823
Net Book Value
As at 30 April 2025 645,411 8,280 11,200 664,891
As at 1 May 2024 - 9,265 16,799 26,064
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 75,000 75,000
Deferred tax current asset 11,235 -
VAT 13,258 5,738
99,493 80,738
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,946 2,707
Trade creditors - 1
Bank loans and overdrafts 208,971 -
Corporation tax 5,984 -
Other taxes and social security 1,120 1,184
Directors' loan accounts 261,967 73,174
Amounts owed to related parties 250,811 -
732,799 77,066
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,126 15,962
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,837 6,837
Later than one year and not later than five years 9,126 15,962
15,963 22,799
Less: Finance charges allocated to future periods 2,891 4,130
13,072 18,669
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
Surplus on revaluation 6,443
As at 30 April 2025 6,443
11. Related Party Transactions
At the year end, included in Creditors is an amount owed to Burnett Developments Ltd of £250,810.
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