REGISTERED NUMBER: 04160320 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Harry Burrows Fabrications Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Burrows

C P Burrows

SECRETARY:

M J Burrows

REGISTERED OFFICE:

8 - 9 Bayton Way

Exhall

Coventry

West Midlands

CV7 9ER

REGISTERED NUMBER:

04160320 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Intangible assets

4

-

2,077

Tangible assets

5

626,808

386,545

626,808

388,622

CURRENT ASSETS

Stocks

345,795

453,377

Debtors

6

733,895

781,950

Cash at bank and in hand

506,840

89,120

1,586,530

1,324,447

CREDITORS

Amounts falling due within one year

7

1,073,354

889,300

NET CURRENT ASSETS

513,176

435,147

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139,984

823,769

CREDITORS

Amounts falling due after more than one year

8

(167,833

)

-

PROVISIONS FOR LIABILITIES

(156,703

)

(83,989

)

NET ASSETS

815,448

739,780

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

815,348

739,680

SHAREHOLDERS' FUNDS

815,448

739,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

M J Burrows - Director

C P Burrows - Director

1.	STATUTORY INFORMATION

Harry Burrows Fabrications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of good and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of 3 years.

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.

Short leasehold

-

Period of lease

Improvements to property

-

Period of lease

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance and 15% on reducing balance

In the prior year, the depreciation policy for computer equipment was 15%. However, after reviewing this policy, it has now been updated to 25% to reflect an accurate position.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 34 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 July 2024

and 30 June 2025

15,000

6,800

21,800

AMORTISATION

At 1 July 2024

15,000

4,723

19,723

Charge for year

-

2,077

2,077

At 30 June 2025

15,000

6,800

21,800

NET BOOK VALUE

At 30 June 2025

-

-

-

At 30 June 2024

-

2,077

2,077

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 July 2024

-

211,055

570,238

Additions

890

8,166

355,167

At 30 June 2025

890

219,221

925,405

DEPRECIATION

At 1 July 2024

-

133,350

306,150

Charge for year

4

41,381

85,821

At 30 June 2025

4

174,731

391,971

NET BOOK VALUE

At 30 June 2025

886

44,490

533,434

At 30 June 2024

-

77,705

264,088

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

24,113

35,820

72,391

913,617

Additions

7,911

-

6,627

378,761

At 30 June 2025

32,024

35,820

79,018

1,292,378

DEPRECIATION

At 1 July 2024

9,417

33,523

44,632

527,072

Charge for year

3,059

574

7,659

138,498

At 30 June 2025

12,476

34,097

52,291

665,570

NET BOOK VALUE

At 30 June 2025

19,548

1,723

26,727

626,808

At 30 June 2024

14,696

2,297

27,759

386,545

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

Plant and

machinery

£

COST

Additions

269,400

At 30 June 2025

269,400

DEPRECIATION

Charge for year

37,043

At 30 June 2025

37,043

NET BOOK VALUE

At 30 June 2025

232,357

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

572,363

671,912

Other debtors

161,532

110,038

733,895

781,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts (see note 9)

53,000

-

Trade creditors

491,163

305,574

Amounts owed to group undertakings

-

34,880

Taxation and social security

353,822

314,816

Other creditors

175,369

234,030

1,073,354

889,300

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts (see note 9)

167,833

-

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

30.6.24

£

£

Net obligations repayable:

Within one year

53,000

-

Between one and five years

167,833

-

220,833

-

Non-cancellable

operating leases

30.6.25

30.6.24

£

£

Within one year

36,092

118,500

Between one and five years

-

55,767

36,092

174,267

The above lease payments relate to the current lease terms for the properties from which the company operates.

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

220,833

-

The Hire Purchase Creditor is secured upon the assets purchased under the agreement.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

C P Burrows

Balance outstanding at start of year

15,605

9,573

Amounts advanced

17,121

15,632

Amounts repaid

(15,700

)

(9,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,026

15,605

M J Burrows

Balance outstanding at start of year

(144,077

)

10,316

Amounts advanced

603,618

236,007

Amounts repaid

(461,596

)

(390,400

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,055

)

(144,077

)

The above debit balance owed to the company by the director is charged interest at the HMRC official rate and is repaid in full following the balance sheet date.

The above credit balance owed to the director by the company is interest free and has no set terms of repayment.

12.	RELATED PARTY DISCLOSURES

During the year, rents were paid in relation to the premises that the company occupies, to The Burrows Family Pension Trust of which the shareholders are trustees. During the year £209,300 (2024 : £99,050) was paid in respect of this. There was no balance outstanding at the year end.

Included within other debtors is an amount owed of £25,898 (2024: £16,974) from H Burrows, a shareholder of the ultimate parent company. Interest is charged at the HMRC official rate and is repaid in full following the balance sheet date.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors by virtue of their shareholding in the parent company.