Burley & Elsom Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09134728

BURLEY & ELSOM LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 July 2025

BURLEY & ELSOM LTD

STATEMENT OF FINANCIAL POSITION

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	94,463	47,570

Current assets

Stocks		17,415	28,525
Debtors	6	406,573	318,628
Cash at bank and in hand		21,212	81,588
		-----------	-----------
		445,200	428,741

Creditors: amounts falling due within one year	7	195,097	196,767
		-----------	-----------
Net current assets		250,103	231,974
		-----------	-----------
Total assets less current liabilities		344,566	279,544

Creditors: amounts falling due after more than one year	8	–	8,268

Provisions	13,966	11,893
	-----------	-----------
Net assets	330,600	259,383
	-----------	-----------

BURLEY & ELSOM LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	2025	2024
Note	£	£

Capital and reserves

Called up share capital	50	50
Capital redemption reserve	50	50
Profit and loss account	330,500	259,283
	-----------	-----------
Shareholders funds	330,600	259,383
	-----------	-----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 January 2026 , and are signed on behalf of the board by:

A J Burley
Director

Company registration number: 09134728

BURLEY & ELSOM LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 423 Newark Road, Lincoln, LN6 8RS, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property imprvmnt's	-	10% straight line
Plant and machinery	-	20% straight line
Motor vehicles	-	25% reducing balance
Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 10 ).

5. Tangible assets

	Leasehold property imprvmnt's	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	–	6,534	91,679	997	99,210
Additions	44,724	5,375	–	11,305	61,404
	---------	---------	---------	---------	-----------
At 31 July 2025	44,724	11,909	91,679	12,302	160,614
	---------	---------	---------	---------	-----------
Depreciation
At 1 August 2024	–	3,791	47,235	614	51,640
Charge for the year	1,187	1,443	11,111	770	14,511
	---------	---------	---------	---------	-----------
At 31 July 2025	1,187	5,234	58,346	1,384	66,151
	---------	---------	---------	---------	-----------
Carrying amount
At 31 July 2025	43,537	6,675	33,333	10,918	94,463
	---------	---------	---------	---------	-----------
At 31 July 2024	–	2,743	44,444	383	47,570
	---------	---------	---------	---------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	202,041	138,626
Other debtors	204,532	180,002
	-----------	-----------
	406,573	318,628
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,247	10,000
Trade creditors	103,551	122,231
Corporation tax	34,405	39,291
Social security and other taxes	9,570	22,699
Other creditors	39,324	2,546
	-----------	-----------
	195,097	196,767
	-----------	-----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	8,268
	-----	--------

9. Related party transactions

During the year, rent of £7,500 was paid to AJB Investments Limited, number 11888099, a company under common control. Included within other debtors at the year end is a balance of £137,000 (2024: £117,000) owed to the company by AJB Investments Limited. No other related party transactions subsisted during the year, such as are required to be disclosed under FRS102 (Section 1A).

10. Controlling party

The ultimate controlling party of the company is A Burley.