ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2022 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

BURGESS & LEIGH LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-032023-05-042023-05-032022-01-01false6866truefalse 03820303 2022-01-01 2022-12-31 03820303 2021-01-01 2021-12-31 03820303 2022-12-31 03820303 2021-12-31 03820303 c:CompanySecretary1 2022-01-01 2022-12-31 03820303 c:Director1 2022-01-01 2022-12-31 03820303 c:Director2 2022-01-01 2022-12-31 03820303 c:Director3 2022-01-01 2022-12-31 03820303 c:RegisteredOffice 2022-01-01 2022-12-31 03820303 c:Agent1 2022-01-01 2022-12-31 03820303 d:PlantMachinery 2022-01-01 2022-12-31 03820303 d:PlantMachinery 2022-12-31 03820303 d:PlantMachinery 2021-12-31 03820303 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03820303 d:FurnitureFittings 2022-01-01 2022-12-31 03820303 d:FurnitureFittings 2022-12-31 03820303 d:FurnitureFittings 2021-12-31 03820303 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03820303 d:OtherPropertyPlantEquipment 2022-01-01 2022-12-31 03820303 d:OtherPropertyPlantEquipment 2022-12-31 03820303 d:OtherPropertyPlantEquipment 2021-12-31 03820303 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03820303 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 03820303 d:CurrentFinancialInstruments 2022-12-31 03820303 d:CurrentFinancialInstruments 2021-12-31 03820303 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 03820303 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 03820303 d:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 03820303 d:RetainedEarningsAccumulatedLosses 2022-12-31 03820303 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 03820303 d:RetainedEarningsAccumulatedLosses 2021-12-31 03820303 d:RetainedEarningsAccumulatedLosses 2021-01-01 03820303 c:FRS102 2022-01-01 2022-12-31 03820303 c:Audited 2022-01-01 2022-12-31 03820303 c:FullAccounts 2022-01-01 2022-12-31 03820303 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 03820303 d:WithinOneYear 2022-12-31 03820303 d:WithinOneYear 2021-12-31 03820303 d:BetweenOneFiveYears 2022-12-31 03820303 d:BetweenOneFiveYears 2021-12-31 03820303 d:MoreThanFiveYears 2022-12-31 03820303 d:MoreThanFiveYears 2021-12-31 iso4217:GBP xbrli:pure



	Burgess & Leigh Limited













	Directors' report and financial statements

	For the year ended 31 December 2022

	Registered number: 03820303


Burgess & Leigh Limited

Company Information

Directors	Richard Eaton
	Christopher Emmott
	Paul McGowan


Company secretary	Robert Barton


Registered number	03820303


Registered office	The Denby Pottery Company
	Derby Road
	Denby
	Ripley
	Derbyshire
	DE5 8NX


Independent auditor	Buzzacott LLP
	130 Wood Street
	London
	EC2V 6DL


Bankers	Bank of Scotland
	Butt Dyke House
	33 Park Row
	Nottingham
	NG1 6GY


Solicitors	Wright Hassall LLP
	Olympus Avenue
	Leamington Spa
	Warwickshire
	CV34 6BF


Burgess & Leigh Limited

Contents

	Page
Directors' report	1 - 2
Independent auditor's report	3 - 6
Statement of income and retained earnings	7
Statement of financial position	8
Notes to the financial statements	9 - 16


Burgess & Leigh Limited

Directors' report

For the year ended 31 December 2022

The directors present their report and the financial statements of Burgess & Leigh Limited ('the company') for the year ended 31 December 2022.

Principal activity

The company's principal activity is the manufacture, marketing and distribution of premium quality tableware worldwide.

Directors

The directors who served during the year were:

Richard Eaton

Christopher Emmott

Paul McGowan

Directors' responsibilities statement

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Qualifying third party indemnity provisions

Directors' and officers' insurance cover was in place throughout 2022 to provide appropriate cover for their reasonable actions on behalf of the company.

Future developments

Whilst remaining true to its core values and heritage, the Company continues to bring new products to the market designed to appeal to both collectors and new customers.
During 2022 turnover grew with domestic trade accounts, international trade accounts and in direct-to-consumer business. In 2023 the Company anticipates the trade sales market to be flat with a small move towards further internationalisation but believes that the direct-to-consumer market offers an increasing opportunity.

Page 1


Burgess & Leigh Limited

Directors' report (continued)

For the year ended 31 December 2022

Disclosure of information to auditor

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:

∙so far as the director is aware, there is no relevant audit information of which the company's auditor is unaware, and

∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditor is aware of that information.

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board on 3 May 2023 and signed on its behalf by:

Christopher Emmott

Director

Page 2

Independent auditor's report to the members of Burgess & Leigh Limited

For the year ended 31 December 2022

Opinion

We have audited the financial statements of Burgess & Leigh Limited ('the company') for the year ended 31 December 2022, which comprise the Statement of income and retained earnings, the Statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the company's affairs as at 31 December 2022 and of its loss for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Page 3

Independent auditor's report to the members of Burgess & Leigh Limited (continued)

For the year ended 31 December 2022

Other information

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of directors' remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit; or

∙the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' report and from the requirement to prepare a Strategic report.

Page 4

Independent auditor's report to the members of Burgess & Leigh Limited (continued)

For the year ended 31 December 2022

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

How the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, was as follows:

∙the Senior Statutory Auditor ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

∙we made enquiries of management as to where they considered there was susceptibility to fraud, and their
knowledge of actual, suspected and alleged fraud;

∙we identified the laws and regulations that could reasonably be expected to have a material effect on the financial
statements of the company through discussions with the directors and other management at the planning stage;

∙the audit team held a discussion to identify any particular areas that were considered to be susceptible to
misstatement, including with respect to fraud and non-compliance with laws and regulations; and

∙we focused our planned audit work on specific laws and regulations which we considered may have a direct material
effect on the financial statements or the operations of the company including the Companies Act 2006, employment
legislation and taxation legislation.

We assessed the extent of compliance with the laws and regulations identified above through:

∙making enquiries of management;

∙inspecting legal expenditure throughout the period for any potential litigation or claims; and

∙considering the internal controls in place that are designed to mitigate risks of fraud and non-compliance with laws
and regulations.

Page 5

Independent auditor's report to the members of Burgess & Leigh Limited (continued)

For the year ended 31 December 2022

Auditor's responsibilities for the audit of the financial statements (continued)

To address the risk of fraud through management bias and override of controls, we:

∙determined the susceptibility of the company to management override of controls by checking the implementation
of controls and enquiring of individuals involved in the financial reporting process;

∙performed analytical procedures to identify any large, unusual or unexpected transactions and investigated any large
variances from the prior period;

∙reviewed journal entries to identify any unusual transactions;

∙reviewed accounting estimates and evaluated where judgements or decisions made by management indicated bias
on the part of the company's management;

∙tested the occurrence and accuracy of turnover by comparing to corresponding invoices and proofs of delivery; and

∙carried out substantive testing to check the occurrence and accuracy of expenditure.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included:

∙agreeing financial statement disclosures to underlying supporting documentation; and

∙enquiring of management as to actual and potential litigation and claims.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding
irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Peter Chapman (Senior statutory auditor)

for and on behalf of

Buzzacott LLP

Statutory Auditor

130 Wood Street

London

EC2V 6DL

4 May 2023

Page 6


Burgess & Leigh Limited

Statement of income and retained earnings

For the year ended 31 December 2022

	2022	2021
Note	£000	£000


Turnover		2,833	2,595
Cost of sales		(1,961)	(1,544)
Gross profit		872	1,051
Distribution costs		(188)	(205)
Administrative expenses		(1,320)	(1,377)
Other operating income	3	5	38
Operating loss		(631)	(493)
Interest payable and similar expenses		(1)	-
Loss before tax		(632)	(493)
Tax on loss		122	284
Loss after tax		(510)	(209)



Retained earnings at the beginning of the year	(6,285)	(6,076)
Loss for the year	(510)	(209)
Retained earnings at the end of the year	(6,795)	(6,285)

There were no recognised gains and losses for 2022 or 2021 other than those included in the statement of income and retained earnings.

The notes on pages 9 to 16 form part of these financial statements.

Page 7


Burgess & Leigh Limited - Registered number: 03820303

Statement of financial position

As at 31 December 2022

		2022		2021
Note		£000		£000

Fixed assets
Tangible assets	5		163		184
Current assets
Stocks	6	351		456
Debtors	7	1,473		892
Cash at bank and in hand	8	30		22
		1,854		1,370
Creditors: amounts falling due within one year	9	(8,812)		(7,839)
Net current liabilities			(6,958)		(6,469)

Net liabilities			(6,795)		(6,285)

Capital and reserves
Profit and loss account	11	(6,795)	(6,285)
		(6,795)	(6,285)

The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board on 3 May 2023 and were signed on its behalf by:

Christopher Emmott

Director

The notes on pages 9 to 16 form part of these financial statements.

Page 8


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

1.	General information

Burgess & Leigh Limited is a private company limited by shares & incorporated in England & Wales. The registered number is 03820303. Its registered office is located at The Denby Pottery Company, Derby Road, Denby, Ripley, Derbyshire, DE5 8NX.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have prepared the accounts on a going concern basis as they have received confirmation from
the company's principal creditor that it is their current intention to offer financial support to the company, as
required for a period of no less than 12 months from the date of approval of these financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 9


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery	-	15%
Fixtures and fittings	-	15%
Assets under construction	-		Depreciated from the date they are brought in to use

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 10


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

2.Accounting policies (continued)

2.10

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.11

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 January 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.

2.12

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits;

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and

∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Page 11


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

2.Accounting policies (continued)

2.13

Taxation (continued)

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

3.	Other operating income
		2022	2021
		£000	£000

Research and Development Expenditure Credits	5	19
Government grants receivable	-	19
	5	38

Government grant income comprises amounts received in respect of the UK Coronavirus Job Retention Scheme.

Employees

The average monthly number of employees, including directors, during the year was 68 (2021 - 66).

Page 12


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

5.	Tangible fixed assets

	Plant and machinery	Fixtures and fittings	Capital WIP	Total
	£000	£000	£000	£000
Cost or valuation
At 1 January 2022	532	254	-	786
Additions	-	-	8	8
Transfers between classes	5	2	(7)	-
At 31 December 2022	537	256	1	794
Depreciation
At 1 January 2022	401	201	-	602
Charge for the year	20	9	-	29
At 31 December 2022	421	210	-	631
Net book value
At 31 December 2022	116	46	1	163
At 31 December 2021	131	53	-	184

6.	Stocks
		2022	2021
		£000	£000

Work in progress	244	360
Raw materials and consumables	107	96
	351	456

Page 13


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

Debtors

					2022	2021
					£000	£000


Trade debtors	49	187
Amounts owed by group undertakings	1,379	678
Other debtors	17	10
Prepayments and accrued income	28	17
	1,473	892

8.	Cash and cash equivalents
		2022	2021
		£000	£000

	Cash at bank and in hand	30	22

9.	Creditors: amounts falling due within one year
		2022	2021
		£000	£000

Trade creditors	41	165
Amounts owed to group undertakings	8,525	7,394
Other taxation and social security	75	81
Other creditors	76	67
Accruals and deferred income	95	132
	8,812	7,839

10.	Share capital
		2022	2021
		£	£

	Allotted, called up and fully paid
	2 (2021 - 2) Ordinary shares of £1 each	2	2

There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.

Page 14


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

11.

Reserves

Profit and loss account

Includes all current and prior year retained profits and losses.

12.	Contingent liabilities

Guarantees on behalf of group undertakings give rise to a contingent liability to the extent of all monies and other liabilities which are due to the company's asset finance providers. The maximum amount of contingency at the year end was £4,256,000 (£2,056,000).

13.	Capital commitments

The company had no capital commitments at 31 December 2022 or 31 December 2021.

14.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £32,000 (2021: £29,000). Contributions totalling £6,000 (2021: £5,000) were payable to the fund at 31 December 2022.

Land and buildings
Not later than 1 year	129	129
Later than 1 year and not later than 5 years	516	516
Later than 5 years	935	1,063
	1,580	1,708

					2022	2021
					£000	£000

Plant and machinery
Not later than 1 year	-	6
Later than 1 year and not later than 5 years	2	3
	2	9

Page 15


Burgess & Leigh Limited

Notes to the financial statements

For the year ended 31 December 2022

16.	Related party transactions
	The company has taken advantage of the exemption in Section 33.1A of FRS 102 and has not disclosed transactions with wholly owned members of the group under Denby Holdings Limited.

17.	Controlling party

The parent undertaking of the company is Denby Group Limited, a company registered in the UK.
The smallest group of undertakings for which consolidated group accounts, which include the company, have been drawn up is headed by Denby Group Limited, Denby, Derbyshire, DE5 8NX.
The directors do not consider there to be an ultimate controlling party.

Page 16