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Unaudited Financial Statements |
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for the Year Ended 30th April 2022 |
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for |
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Burrsmid Developments Limited |
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Unaudited Financial Statements |
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for the Year Ended 30th April 2022 |
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for |
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Burrsmid Developments Limited |
Burrsmid Developments Limited (Registered number: 05701543) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2022 |
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Page |
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Company information | 1 |
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Abridged statement of financial position | 2 |
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Notes to the financial statements | 4 |
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Burrsmid Developments Limited |
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Company Information |
for the Year Ended 30th April 2022 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Abacus House |
14-18 Forest Road |
Loughton |
Essex |
IG10 1DX |
Burrsmid Developments Limited (Registered number: 05701543) |
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Abridged Statement of Financial Position |
30th April 2022 |
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2022 | 2021 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors |
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Cash at bank |
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Creditors |
Amounts falling due within one year | ( |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Capital redemption reserve |
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Retained earnings |
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Shareholders' funds |
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Burrsmid Developments Limited (Registered number: 05701543) |
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Abridged Statement of Financial Position - continued |
30th April 2022 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Burrsmid Developments Limited (Registered number: 05701543) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2022 |
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1. | Statutory information |
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Burrsmid Developments Limited is a
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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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. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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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. |
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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. |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was
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Burrsmid Developments Limited (Registered number: 05701543) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2022 |
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4. | Tangible fixed assets |
Totals |
£ |
Cost |
Additions |
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At 30th April 2022 |
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Depreciation |
Charge for year |
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At 30th April 2022 |
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Net book value |
At 30th April 2022 |
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5. | Related party disclosures |
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The company has granted an interest free loan to a company which is wholly owned by one of the company's directors.. At 30th April 2022 the loan amounted to £354,879 (2021 £343,379). |
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The company has granted an interest free loan to a company which one of the directors has a 50% equity interest in. At 30th April 2022 the loan amounted to £86,134 (2021 £96,034). |