REGISTERED NUMBER: 05740335 (England and Wales)

Burning Shed Limited

Unaudited Financial Statements

For The Year Ended

31st March 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

5

FIXED ASSETS

Tangible assets

4

20,603

26,660

CURRENT ASSETS

Stocks

113,273

113,513

Debtors

5

57,955

146,947

Cash at bank

259,446

297,163

430,674

557,623

CREDITORS

Amounts falling due within one year

6

464,825

399,317

NET CURRENT (LIABILITIES)/ASSETS

(34,151

)

158,306

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,548

)

184,966

PROVISIONS FOR LIABILITIES

5,151

5,065

NET (LIABILITIES)/ASSETS

(18,699

)

179,901

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(28,699

)

169,901

SHAREHOLDERS' FUNDS

(18,699

)

179,901

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2025 and were signed on its behalf by:

P G Morgan - Director

1.	STATUTORY INFORMATION

Burning Shed Limited 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:

05740335

Registered office:

Unit B

Yarefield Park Unit B, Yarefield Park

Old Hall Road

Norwich

Norfolk

NR4 6FF

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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

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 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2024

35,518

79,513

115,031

Additions

749

-

749

At 31st March 2025

36,267

79,513

115,780

DEPRECIATION

At 1st April 2024

31,209

57,162

88,371

Charge for year

1,218

5,588

6,806

At 31st March 2025

32,427

62,750

95,177

NET BOOK VALUE

At 31st March 2025

3,840

16,763

20,603

At 31st March 2024

4,309

22,351

26,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,868

5,291

Other debtors

53,087

141,656

57,955

146,947

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

188,743

116,435

Taxation and social security

15,287

40,721

Other creditors

260,795

242,161

464,825

399,317

7.	RELATED PARTY DISCLOSURES

As at 31 March 2025 the balances owed to the directors was £10,332 (2024: owed by £8,020).