REGISTERED NUMBER: 14580269 (England and Wales)

BURFLEX ASSETS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Cox

REGISTERED OFFICE:

Burflex House

Clay Street

Hull

HU8 8HA

REGISTERED NUMBER:

14580269 (England and Wales)

ACCOUNTANTS:

Maclean & Company

1 Park View Court

St Paul's Road

Shipley

West Yorkshire

BD18 3DZ

FIXED ASSETS

Tangible assets

4

7,974,473

8,040,365

Investment property

5

2,616,940

710,665

10,591,413

8,751,030

CURRENT ASSETS

Debtors

6

216,252

1,051,382

Cash at bank and in hand

158,653

8,552

374,905

1,059,934

CREDITORS

Amounts falling due within one year

7

2,502,212

2,544,126

NET CURRENT LIABILITIES

(2,127,307

)

(1,484,192

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,464,106

7,266,838

CREDITORS

Amounts falling due after more than one year

8

(692,995

)

-

PROVISIONS FOR LIABILITIES

(953,369

)

(965,095

)

NET ASSETS

6,817,742

6,301,743

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

6,817,642

6,301,643

SHAREHOLDERS' FUNDS

6,817,742

6,301,743

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

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

The financial statements were approved by the director and authorised for issue on 7 May 2026 and were signed by:

S Cox - Director

1.	STATUTORY INFORMATION

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

5,884,048

79,586

2,715,094

8,678,728

Additions

159,755

3,452

1,527,490

1,690,697

Disposals

-

-

(533,151

)

(533,151

)

At 31 December 2025

6,043,803

83,038

3,709,433

9,836,274

DEPRECIATION

At 1 January 2025

393,080

11,287

233,996

638,363

Charge for year

598,572

16,607

752,224

1,367,403

Eliminated on disposal

-

-

(143,965

)

(143,965

)

At 31 December 2025

991,652

27,894

842,255

1,861,801

NET BOOK VALUE

At 31 December 2025

5,052,151

55,144

2,867,178

7,974,473

At 31 December 2024

5,490,968

68,299

2,481,098

8,040,365

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

Motor

vehicles

£

COST

Additions

1,013,565

Reclassification/transfer

1,127,050

At 31 December 2025

2,140,615

DEPRECIATION

Charge for year

408,458

At 31 December 2025

408,458

NET BOOK VALUE

At 31 December 2025

1,732,157

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

710,665

Additions

1,906,275

At 31 December 2025

2,616,940

NET BOOK VALUE

At 31 December 2025

2,616,940

At 31 December 2024

710,665

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

20,347

-

Amounts owed by group undertakings

-

1,030,000

Amounts owed by associates

90,000

-

Other debtors

105,905

21,382

216,252

1,051,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

766,611

-

Trade creditors

946,370

1,360,583

Amounts owed to group undertakings

-

1,179,200

Amounts owed to associates

627,714

-

Taxation

41,745

4,343

Other creditors

119,772

-

2,502,212

2,544,126

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

692,995

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contracts

1,459,606

-

Hire purchase loans are secured against the specific fixed assets to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100