| Butler Valves and Fittings Limited |
| Registered number: |
02920234 |
| Balance Sheet |
| as at 30 April 2025 |
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| Notes |
|
2025 |
|
2024 |
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£ |
£ |
|
£ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
32,231 |
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|
43,797 |
|
| Current assets |
| Stocks |
|
|
2,000 |
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|
6,200 |
| Debtors |
4 |
|
1,014,855 |
|
|
1,427,809 |
| Cash at bank and in hand |
|
|
977,899 |
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|
151,083 |
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|
1,994,754 |
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|
1,585,092 |
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|
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|
|
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|
| Creditors: amounts falling due within one year |
5 |
|
(1,703,406) |
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(1,317,706) |
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| Net current assets |
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|
291,348 |
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|
267,386 |
|
| Net assets |
|
|
|
323,579 |
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311,183 |
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| Capital and reserves |
| Called up share capital |
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|
100 |
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|
100 |
| Profit and loss account |
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|
323,479 |
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|
311,083 |
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| Shareholders' funds |
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|
323,579 |
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311,183 |
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| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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|
| R Butler |
| Director |
| Approved by the board on 4 December 2025 |
|
| Butler Valves and Fittings Limited |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises revenue earned from the sale of goods, this is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Leasehold impovements |
10 years straight line |
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Plant and machinery |
15% Reducing balance basis |
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Fixtures, fittings, tools and equipment |
15% Reducing balance basis |
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
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Debtors |
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Short term debtors are measured at transaction price , less any impairment losses for bad and doubtful debts. Loans and other financial assets are also recognised at transaction price including any transaction costs. |
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Creditors |
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Short term creditors are measured at transaction price. Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
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Average number of persons employed by the company |
5 |
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6 |
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| 3 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Fixtures and fittings |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 May 2024 |
12,989 |
|
12,216 |
|
74,768 |
|
99,973 |
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Additions |
- |
|
879 |
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3,376 |
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4,255 |
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Disposals |
- |
|
- |
|
(42,736) |
|
(42,736) |
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At 30 April 2025 |
12,989 |
|
13,095 |
|
35,408 |
|
61,492 |
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Depreciation |
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At 1 May 2024 |
12,989 |
|
5,780 |
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37,407 |
|
56,176 |
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Charge for the year |
- |
|
987 |
|
14,834 |
|
15,821 |
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On disposals |
- |
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- |
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(42,736) |
|
(42,736) |
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At 30 April 2025 |
12,989 |
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6,767 |
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9,505 |
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29,261 |
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Net book value |
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At 30 April 2025 |
- |
|
6,328 |
|
25,903 |
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32,231 |
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At 30 April 2024 |
- |
|
6,436 |
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37,361 |
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43,797 |
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| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
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Trade debtors |
773,904 |
|
1,114,859 |
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VAT Receivable |
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|
109,618 |
|
145,093 |
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Prepayments and accrued income |
|
131,333 |
|
167,857 |
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|
1,014,855 |
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1,427,809 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
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Trade creditors |
670,711 |
|
937,862 |
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Amounts owed to group undertakings |
|
243,295 |
|
217,810 |
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Corporation tax |
743,174 |
|
140,185 |
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Other taxes and social security costs |
4,363 |
|
3,610 |
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Directors loans |
994 |
|
151 |
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Accruals and deferred income |
40,869 |
|
18,088 |
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1,703,406 |
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1,317,706 |
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| 6 |
Pension commitments |
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The company operates defined contribution pension schemes for the benefit of the director. The company also operates a defined contribution pension scheme for staff. The assets of the schemes are administered by trustees in a fund independent from those of the company |
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The total contributions paid in the year amounted to £62,986(2024 £112,106).at the 30th April there was £nil (2024 £Nil) outstanding. |
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| 7 |
Related party transactions |
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During the year the company paid rent and service charges of £31,860 (2024 £28,239) to Richard Butler who owns the premises |
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| 8 |
Controlling party |
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The company is a wholly owned subsidiary of Butler Holdings Ltd, a company incorporated in England & Wales. |
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| 9 |
Other information |
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Butler Valves and Fittings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit D2 OYO Business Park |
|
187 Park Lane, Castle Vale |
|
Birmingham |
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West Midlands |
|
B35 6AN |