Burney Essex Ltd

Burney Essex Ltd

BURNEY ESSEX LTD - Company Information

Print Friendly Version

1 February 2019 false No description of principal activity Taxfiler 2020.5 08865879business:PrivateLimitedCompanyLtd2019-02-012020-01-31 088658792019-01-31 088658792019-02-012020-01-31 08865879business:AuditExempt-NoAccountantsReport2019-02-012020-01-31 08865879business:FullAccounts2019-02-012020-01-31 088658792020-01-31 08865879business:Director12019-02-012020-01-31 08865879business:Director22019-02-012020-01-31 08865879business:RegisteredOffice2019-02-012020-01-31 088658792019-01-31 08865879core:WithinOneYear2020-01-31 08865879core:WithinOneYear2019-01-31 08865879core:AfterOneYear2020-01-31 08865879core:AfterOneYear2019-01-31 08865879core:ShareCapital2020-01-31 08865879core:ShareCapital2019-01-31 08865879core:RevaluationReserve2020-01-31 08865879core:RevaluationReserve2019-01-31 08865879core:RetainedEarningsAccumulatedLosses2020-01-31 08865879core:RetainedEarningsAccumulatedLosses2019-01-31 08865879business:SmallEntities2019-02-012020-01-31 08865879countries:EnglandWales2019-02-012020-01-31 08865879core:LandBuildings2019-02-012020-01-31 08865879core:LandBuildings2019-01-31 08865879core:LandBuildings2020-01-31 08865879business:OrdinaryShareClass12019-02-012020-01-31 08865879business:OrdinaryShareClass12018-02-012019-01-31 088658792018-02-012019-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 08865879 (England and Wales)
Burney Essex Ltd Unaudited accounts for the year ended 31 January 2020
Burney Essex Ltd Unaudited accounts Contents
Page
- 2 -
Burney Essex Ltd Company Information for the year ended 31 January 2020
Directors
D Burney P Burney
Company Number
08865879 (England and Wales)
Registered Office
113 MANOR ROAD CHIGWELL ESSEX IG7 5PS
- 3 -
Burney Essex Ltd Statement of financial position as at 31 January 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,703,936 
2,815,174 
Current assets
Debtors
5
325,737 
285,191 
Cash at bank and in hand
29,054 
9 
354,791 
285,200 
Creditors: amounts falling due within one year
6
(685,149)
(558,404)
Net current liabilities
(330,358)
(273,204)
Total assets less current liabilities
4,373,578 
2,541,970 
Creditors: amounts falling due after more than one year
7
(4,194,970)
(2,329,737)
Net assets
178,608 
212,233 
Capital and reserves
Called up share capital
8
1 
1 
Revaluation reserve
576,172 
576,172 
Profit and loss account
(397,565)
(363,940)
Shareholders' funds
178,608 
212,233 
For the year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 21 April 2020.
D Burney Director Company Registration No. 08865879
- 4 -
Burney Essex Ltd Notes to the Accounts for the year ended 31 January 2020
1
Statutory information
Burney Essex Ltd is a private company, limited by shares, registered in England and Wales, registration number 08865879. The registered office is 113 MANOR ROAD, CHIGWELL, ESSEX, IG7 5PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2019
2,815,174 
Additions
1,888,762 
At 31 January 2020
4,703,936 
Depreciation
At 31 January 2020
- 
Net book value
At 31 January 2020
4,703,936 
At 31 January 2019
2,815,174 
5
Debtors
2020 
2019 
£ 
£ 
Other debtors
325,737 
285,191 
- 5 -
Burney Essex Ltd Notes to the Accounts for the year ended 31 January 2020
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other creditors
349,673 
222,250 
Loans from directors
335,476 
336,154 
685,149 
558,404 
7
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Bank loans
3,394,970 
1,529,737 
Other creditors
800,000 
800,000 
4,194,970 
2,329,737 
8
Share capital
2020 
2019 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
- 6 -