Company Registration No. 12019505 (England and Wales)
BURLEY INTERIORS LTD
Unaudited accounts
for the year ended 31 May 2025
BURLEY INTERIORS LTD
Statement of financial position
as at 31 May 2025
Tangible assets
104,241
133,687
Inventories
(28,549)
(2,333)
Cash at bank and in hand
34,407
29,935
Creditors: amounts falling due within one year
(108,571)
(93,267)
Net current liabilities
(11,915)
(2,776)
Total assets less current liabilities
92,326
130,911
Creditors: amounts falling due after more than one year
(66,213)
(90,761)
Provisions for liabilities
Deferred tax
(19,806)
(24,615)
Called up share capital
7
7
Profit and loss account
6,300
15,528
Shareholders' funds
6,307
15,535
For the year ending 31 May 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by
L J Roche
Director
Company Registration No. 12019505
BURLEY INTERIORS LTD
Notes to the Accounts
for the year ended 31 May 2025
BURLEY INTERIORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12019505. The registered office is 38-40 Station Road, Burley in Wharfedale, ILKLEY, West Yorkshire, LS29 7NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%/25% Reducing Balance
Motor vehicles
25.00% Reducing Balance
Fixtures & fittings
20.00% Straight Line
Computer equipment
33.33% Straight Line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
BURLEY INTERIORS LTD
Notes to the Accounts
for the year ended 31 May 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
45,607
102,354
38,000
3,914
189,875
Additions
1,064
1,879
-
739
3,682
At 31 May 2025
46,671
104,233
38,000
4,653
193,557
At 1 June 2024
7,558
19,595
26,600
2,435
56,188
Charge for the year
7,822
16,834
7,600
872
33,128
At 31 May 2025
15,380
36,429
34,200
3,307
89,316
At 31 May 2025
31,291
67,804
3,800
1,346
104,241
At 31 May 2024
38,049
82,759
11,400
1,479
133,687
Amounts falling due within one year
Trade debtors
13,608
7,200
Amounts due from group undertakings etc.
35,964
18,737
Accrued income and prepayments
10,449
14,252
Amounts falling due after more than one year
Amounts due from group undertakings etc.
20,000
20,000
BURLEY INTERIORS LTD
Notes to the Accounts
for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,778
2,778
Obligations under finance leases and hire purchase contracts
21,473
21,473
Trade creditors
64,507
29,456
Taxes and social security
15,712
(2,626)
Loans from directors
2,379
396
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
55,102
76,872
8
Transactions with related parties
Burley Interiors Ltd is controlled by Mr J P North and Mr L J Roche. The directors also own 50% each of the share capital in a company called Burley Interiors Manufacturing Ltd. That company owed Burley Interiors Ltd £55,964 at the year end.
During the year the company paid dividends on ordinary shares of £74,945 (2024 - £75,148).
9
Average number of employees
During the year the average number of employees was 7 (2024: 10).