REGISTERED NUMBER: 03110758 (England and Wales)

BURKE CONTRACTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

A M Burke

REGISTERED OFFICE:

Digoed

Idole

Carmarthen

Carmarthenshire

SA32 8DG

REGISTERED NUMBER:

03110758 (England and Wales)

ACCOUNTANTS:

Bevan Buckland LLP

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

FIXED ASSETS

Tangible assets

4

2,003,756

2,334,395

CURRENT ASSETS

Debtors

5

455,612

432,674

Cash at bank and in hand

50,240

42,108

505,852

474,782

CREDITORS

Amounts falling due within one year

6

894,785

804,478

NET CURRENT LIABILITIES

(388,933

)

(329,696

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,614,823

2,004,699

CREDITORS

Amounts falling due after more than one year

7

(913,967

)

(1,024,060

)

PROVISIONS FOR LIABILITIES

(43,704

)

(108,889

)

NET ASSETS

657,152

871,750

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

657,147

871,745

657,152

871,750

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

A M Burke - Director

1.	STATUTORY INFORMATION

Burke Contracts 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.	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 the cost less estimated residual value of 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

-

15% on cost and 15% reducing balance

Fixtures and fittings

-

25% reducing balance

Motor vehicles

-

15% on cost and 15% reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with any changes recognised in profit and loss.

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.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

3,049,528

17,509

253,925

3,320,962

Additions

299,987

-

39,881

339,868

Disposals

(598,190

)

-

(23,381

)

(621,571

)

At 31 March 2025

2,751,325

17,509

270,425

3,039,259

DEPRECIATION

At 1 April 2024

868,999

15,522

102,046

986,567

Charge for year

373,116

214

27,797

401,127

Eliminated on disposal

(337,724

)

-

(14,467

)

(352,191

)

At 31 March 2025

904,391

15,736

115,376

1,035,503

NET BOOK VALUE

At 31 March 2025

1,846,934

1,773

155,049

2,003,756

At 31 March 2024

2,180,529

1,987

151,879

2,334,395

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

Plant and

Motor

Machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

2,639,477

160,994

2,800,471

Additions

299,987

39,881

339,868

Disposals

(463,825

)

(23,381

)

(487,206

)

Transfer to ownership

(57,500

)

-

(57,500

)

At 31 March 2025

2,418,139

177,494

2,595,633

DEPRECIATION

At 1 April 2024

546,802

21,789

568,591

Charge for year

346,832

25,772

372,604

Eliminated on disposal

(233,880

)

(14,467

)

(248,347

)

At 31 March 2025

659,754

33,094

692,848

NET BOOK VALUE

At 31 March 2025

1,758,385

144,400

1,902,785

At 31 March 2024

2,092,675

139,205

2,231,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

277,490

234,000

Amounts recoverable on contract

124,147

114,282

Other debtors

53,975

84,392

455,612

432,674

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

561,444

570,832

Trade creditors

174,596

149,930

Taxation and social security

5,946

5,333

Other creditors

152,799

78,383

894,785

804,478

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

686,019

1,015,154

Other creditors

227,948

8,906

913,967

1,024,060

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

336,179

34,592

Hire purchase contracts

1,247,463

1,585,986

1,583,642

1,620,578

The loan liability is secured by a personal guarantee from Andrew Burke in respect of the obligation of the Borrower to the Lender.

Hire purchase liabilities are secured by the assets to which the agreement relates, and are included within tangible fixed assets.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

A M Burke

Balance outstanding at start of year

1,430

(61,856

)

Amounts advanced

222,365

221,085

Amounts repaid

(220,960

)

(157,799

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,835

1,430

The maximum outstanding in the year was £14,822. All amounts were unsecured, interest free and repayable within nine months.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burke Contracts Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Burke Contracts Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Burke Contracts Limited and state those matters that we have agreed to state to the director of Burke Contracts Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burke Contracts Limited and its director for our work or for this report.

It is your duty to ensure that Burke Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Burke Contracts Limited. You consider that Burke Contracts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Burke Contracts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bevan Buckland LLP

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

29 December 2025