H. Burford & Sons Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07143978 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

H. Burford & Sons Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

935,000

860,597

Investment property

6

889,389

1,824,389

1,749,986

CURRENT ASSETS

Stocks

22,455

55,763

Debtors

7

394,283

399,609

Cash at bank

3,142,497

3,016,691

3,559,235

3,472,063

CREDITORS

Amounts falling due within one year

8

473,021

616,313

NET CURRENT ASSETS

3,086,214

2,855,750

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,910,603

4,605,736

PROVISIONS FOR LIABILITIES

96,061

75,779

NET ASSETS

4,814,542

4,529,957

CAPITAL AND RESERVES

Called up share capital

9

7,000

Capital redemption reserve

3,000

Retained earnings

4,804,542

4,519,957

SHAREHOLDERS' FUNDS

4,814,542

4,529,957

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

M S Burford - Director

1.	STATUTORY INFORMATION

H. Burford & Sons Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07143978

Registered office:

The Croft

Witcombe

Gloucester

GL3 4SZ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention, to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

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

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 10 years.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill - 10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings - not depreciated

Plant and machinery - 25 % reducing balance

Motor vehicles - 25 % reducing balance

Fixtures and fittings - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised using the effective interest method.

Equity instruments

Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 8 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

2,250,000

Amortisation

At 1 April 2024

and 31 March 2025

2,250,000

Net book value

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost

At 1 April 2024

549,732

974,268

1,524,000

Additions

-

214,067

Disposals

-

(146,850

)

(146,850

)

At 31 March 2025

549,732

1,041,485

1,591,217

Depreciation

At 1 April 2024

-

663,403

Charge for year

-

106,491

Eliminated on disposal

-

(113,677

)

(113,677

)

At 31 March 2025

-

656,217

Net book value

At 31 March 2025

549,732

385,268

935,000

At 31 March 2024

549,732

310,865

860,597

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

889,389

Net book value

At 31 March 2025

889,389

At 31 March 2024

889,389

The directors of the company agreed that the value of one the investment properties has not materially changed since the date of acquisition and therefore the fair value is equal to the historical cost.

The other investment property was professionally valued last year and included in the accounts per the valuation.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

212,181

255,834

Other debtors

182,102

143,775

394,283

399,609

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

195,771

217,661

Taxation and social security

273,900

380,908

Other creditors

3,350

17,744

473,021

616,313

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

1

1,000

6,000

Ordinary A

1

6,000

7,000

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

M S Burford

Balance outstanding at start of year

(13,030

)

170,413

Amounts advanced

252,375

138,844

Amounts repaid

(175,582

)

(322,287

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

63,763

(13,030

)

M P Burford

Balance outstanding at start of year

(909

)

188,445

Amounts advanced

258,837

139,168

Amounts repaid

(178,133

)

(328,522

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

79,795

(909

)

The above loans are included within other debtors. The loans are unsecured and repayable on demand. Interest has been charged at the official rate where the loan accounts became more than £10,000 overdrawn during the period.