REGISTERED NUMBER: 03482453 (England and Wales)

Burnham Plastering & Dry Lining Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Spence

L J Dean

J S Spence

Mrs J Spence

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

03482453 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Santander UK plc

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

5

217,747

186,451

CURRENT ASSETS

Stocks

365,996

322,996

Debtors

2,271,127

2,522,794

Cash at bank

453,522

813,721

3,090,645

3,659,511

CREDITORS

Amounts falling due within one year

1,165,214

1,345,958

NET CURRENT ASSETS

1,925,431

2,313,553

TOTAL ASSETS LESS CURRENT LIABILITIES

2,143,178

2,500,004

CREDITORS

Amounts falling due after more than one year

(53,640

)

(43,622

)

PROVISIONS FOR LIABILITIES

(27,700

)

(29,240

)

NET ASSETS

2,061,838

2,427,142

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

2,061,638

2,426,942

SHAREHOLDERS' FUNDS

2,061,838

2,427,142

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 April 2026 and were signed on its behalf by:

J Spence - Director

1.	STATUTORY INFORMATION

Burnham Plastering & Dry Lining 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% on reducing balance and over life of lease

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 28 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

358,728

Additions

98,274

At 31 July 2025

457,002

DEPRECIATION

At 1 August 2024

172,277

Charge for year

66,978

At 31 July 2025

239,255

NET BOOK VALUE

At 31 July 2025

217,747

At 31 July 2024

186,451

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals

£

COST

At 1 August 2024

83,319

Additions

50,559

At 31 July 2025

133,878

DEPRECIATION

At 1 August 2024

19,701

Charge for year

30,805

At 31 July 2025

50,506

NET BOOK VALUE

At 31 July 2025

83,372

At 31 July 2024

63,618

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases

31.7.25

31.7.24

£

£

Net obligations repayable:

Within one year

29,731

19,997

Between one and five years

53,640

43,622

83,371

63,619

Non-cancellable

operating leases

31.7.25

31.7.24

£

£

Within one year

36,009

65,144

Between one and five years

12,221

53,592

48,230

118,736

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.25

31.7.24

£

£

J Spence

Balance outstanding at start of year

389,706

891,289

Amounts repaid

(242,184

)

(501,583

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

147,520

389,706

L J Dean

Balance outstanding at start of year

200

-

Amounts repaid

(491

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(291

)

200

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr J Spence & Mr S H Spence.

The above shareholders controlled the company during the current and previous period, by virtue of the fact that they own all of the company's issued share capital.