REGISTERED NUMBER: 10640127 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Burford Young Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

N L Young

R J Burford

REGISTERED OFFICE:

Unit 10 Capitol Park

Pearce Way

Gloucester

GL2 5YD

REGISTERED NUMBER:

10640127 (England and Wales)

ACCOUNTANTS:

HATS Gloucester Ltd

48 Hucclecote Road

Gloucester

Gloucestershire

GL3 3RS

BANKERS:

Lloyds Bank

19 Eastgate Street

Gloucester

Gloucestershire

GL1 1NU

FIXED ASSETS

Tangible assets

4

44,590

59,680

CURRENT ASSETS

Debtors

5

580,084

343,792

Cash at bank

1

166,974

580,085

510,766

CREDITORS

Amounts falling due within one year

6

320,146

175,021

NET CURRENT ASSETS

259,939

335,745

TOTAL ASSETS LESS CURRENT LIABILITIES

304,529

395,425

CREDITORS

Amounts falling due after more than one year

7

(9,247

)

(30,337

)

PROVISIONS FOR LIABILITIES

(11,147

)

(14,920

)

NET ASSETS

284,135

350,168

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

284,133

350,166

SHAREHOLDERS' FUNDS

284,135

350,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 17 November 2025 and were signed on its behalf by:

N L Young - Director

1.	STATUTORY INFORMATION

Burford Young Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 March 2024

4,607

110,824

8,980

124,411

Additions

-

-

275

275

At 28 February 2025

4,607

110,824

9,255

124,686

Depreciation

At 1 March 2024

2,870

57,393

4,468

64,731

Charge for year

434

13,358

1,573

15,365

At 28 February 2025

3,304

70,751

6,041

80,096

Net book value

At 28 February 2025

1,303

40,073

3,214

44,590

At 29 February 2024

1,737

53,431

4,512

59,680

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 March 2024

and 28 February 2025

68,950

Depreciation

At 1 March 2024

27,754

Charge for year

10,299

At 28 February 2025

38,053

Net book value

At 28 February 2025

30,897

At 29 February 2024

41,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

186,052

123,983

Other debtors

394,032

219,809

580,084

343,792

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

30,629

19,298

Hire purchase contracts (see note 8)

11,090

14,422

Trade creditors

22,225

12,438

Taxation and social security

74,615

89,541

Other creditors

181,587

39,322

320,146

175,021

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans

2,500

12,500

Hire purchase contracts (see note 8)

6,747

17,837

9,247

30,337

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

28/2/25

29/2/24

£

£

Net obligations repayable:

Within one year

11,090

14,422

Between one and five years

6,747

17,837

17,837

32,259

Non-cancellable

operating leases

28/2/25

29/2/24

£

£

Within one year

32,589

46,337

Between one and five years

54,698

85,005

87,287

131,342

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25

29/2/24

£

£

N L Young

Balance outstanding at start of year

15,880

11,207

Amounts advanced

-

15,880

Amounts repaid

(15,880

)

(11,207

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,880

The unsecured loan to the director has no fixed repayment terms. Interest of £250 (2024 - £622) has been charged during the year at the HMRC official rate of interest.

10.	RELATED PARTY DISCLOSURES

R J Burford

Director

At 28 February 2025, the company owed the director R J Burford £133,900 (2024 - £10,423).

The unsecured loan from the director is interest free and has no fixed repayment terms.

N L Young

Director

At 28 February 2025, the company owed the director N L Young £237 (2024 - £Nil).

The unsecured loan from the director is interest free and has no fixed repayment terms.

Burford Young Properties Ltd

A company controlled by the directors N L Young and R J Burford

The company has loaned money to Burford Young Properties Ltd. At 28 February 2025, the loan outstanding was £354,678 (2024 - £190,557). The loan is interest free with no fixed repayment terms.