1 July 2017 false No description of principal activity Taxfiler 2018.14.Web 8118685business:PrivateLimitedCompanyLtd2017-07-012018-06-30 81186852017-06-30 81186852017-07-012018-06-30 8118685business:AuditExemptWithAccountantsReport2017-07-012018-06-30 8118685business:FullAccounts2017-07-012018-06-30 81186852018-06-30 8118685business:Director12017-07-012018-06-30 8118685business:Director22017-07-012018-06-30 8118685business:Director32017-07-012018-06-30 8118685business:RegisteredOffice2017-07-012018-06-30 81186852017-06-30 8118685core:WithinOneYear2018-06-30 8118685core:WithinOneYear2017-06-30 8118685core:ShareCapital2018-06-30 8118685core:ShareCapital2017-06-30 8118685core:RetainedEarningsAccumulatedLosses2018-06-30 8118685core:RetainedEarningsAccumulatedLosses2017-06-30 8118685business:SmallEntities2017-07-012018-06-30 8118685countries:EnglandWales2017-07-012018-06-30 8118685core:PlantMachinery2017-07-012018-06-30 8118685core:FurnitureFittings2017-07-012018-06-30 8118685core:ComputerEquipment2017-07-012018-06-30 8118685core:PlantMachinery2017-06-30 8118685core:FurnitureFittings2017-06-30 8118685core:ComputerEquipment2017-06-30 8118685core:PlantMachinery2018-06-30 8118685core:FurnitureFittings2018-06-30 8118685core:ComputerEquipment2018-06-30 81186852016-07-012017-06-30 iso4217:GBP xbrli:pure
Company Registration No. 8118685 (England and Wales)
A Buckland & Sons Ltd Unaudited accounts for the year ended 30 June 2018
A Buckland & Sons Ltd Unaudited accounts Contents
Page
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A Buckland & Sons Ltd Company Information for the year ended 30 June 2018
Directors
Reg Buckland Ray Buckland Graham Buckland
Company Number
8118685 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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A Buckland & Sons Ltd Statement of financial position as at 30 June 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
58,310 
63,247 
Current assets
Inventories
3,500 
8,000 
Debtors
28,778 
41,186 
Cash at bank and in hand
243,181 
219,399 
275,459 
268,585 
Creditors: amounts falling due within one year
(234,213)
(263,675)
Net current assets
41,246 
4,910 
Total assets less current liabilities
99,556 
68,157 
Provisions for liabilities
Deferred tax
(3,821)
(3,166)
Net assets
95,735 
64,991 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
95,732 
64,988 
Shareholders' funds
95,735 
64,991 
For the year ending 30 June 2018 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 13 November 2018.
Reg Buckland Director Company Registration No. 8118685
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A Buckland & Sons Ltd Notes to the Accounts for the year ended 30 June 2018
1
Statutory information
A Buckland & Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 8118685. The registered office is Moreton House, 31 High Street, Buckingham, MK18 1NU.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
Fixtures & fittings
20% on Reducing Balance
Computer equipment
15% on Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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A Buckland & Sons Ltd Notes to the Accounts for the year ended 30 June 2018
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2017
193,197 
2,821 
5,388 
201,406 
Additions
13,845 
- 
209 
14,054 
At 30 June 2018
207,042 
2,821 
5,597 
215,460 
Depreciation
At 1 July 2017
133,765 
1,877 
2,517 
138,159 
Charge for the year
18,319 
189 
483 
18,991 
At 30 June 2018
152,084 
2,066 
3,000 
157,150 
Net book value
At 30 June 2018
54,958 
755 
2,597 
58,310 
At 30 June 2017
59,432 
944 
2,871 
63,247 
5
Inventories
2018 
2017 
£ 
£ 
Raw materials
3,500 
8,000 
3,500 
8,000 
6
Debtors
2018 
2017 
£ 
£ 
Trade debtors
27,779 
39,307 
Accrued income and prepayments
999 
1,879 
28,778 
41,186 
7
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Trade creditors
33,397 
21,501 
Taxes and social security
21,338 
29,122 
Loans from directors
178,668 
212,242 
Accruals
810 
810 
234,213 
263,675 
8
Transactions with related parties
There are loans from the directors to the company subsisting at 30 June 2018 amounting to £178,668. This is shown in creditors and there are no set terms of repayment.
9
Average number of employees
During the year the average number of employees was 5 (2017: 5).
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