Buckworth Services Ltd 11071332 false 2020-12-01 2021-11-30 2021-11-30 The principal activity of the company is management consultancy. Digita Accounts Production Advanced 6.30.9574.0 true 11071332 2020-12-01 2021-11-30 11071332 2021-11-30 11071332 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2021-11-30 11071332 core:RetainedEarningsAccumulatedLosses 2021-11-30 11071332 core:ShareCapital 2021-11-30 11071332 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 11071332 core:Non-currentFinancialInstruments 2021-11-30 11071332 core:Non-currentFinancialInstruments core:AfterOneYear 2021-11-30 11071332 bus:SmallEntities 2020-12-01 2021-11-30 11071332 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 11071332 bus:FullAccounts 2020-12-01 2021-11-30 11071332 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 11071332 bus:RegisteredOffice 2020-12-01 2021-11-30 11071332 bus:Director1 2020-12-01 2021-11-30 11071332 bus:Director2 2020-12-01 2021-11-30 11071332 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2020-12-01 2021-11-30 11071332 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 11071332 countries:England 2020-12-01 2021-11-30 11071332 2019-12-01 2020-11-30 11071332 2020-11-30 11071332 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2020-11-30 11071332 core:RetainedEarningsAccumulatedLosses 2020-11-30 11071332 core:ShareCapital 2020-11-30 11071332 core:CurrentFinancialInstruments core:WithinOneYear 2020-11-30 11071332 core:Non-currentFinancialInstruments 2020-11-30 11071332 core:Non-currentFinancialInstruments core:AfterOneYear 2020-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11071332

Buckworth Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2021

 

Buckworth Services Ltd

Contents

Company Information

1

Profit and Loss Account and Statement of Retained Earnings

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Buckworth Services Ltd

Company Information

Directors

Mrs Judith Daphne Hart

Mr Robert Hart

Registered office

20-22 Wenlock Road
London
N1 7GU

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Leeds
LS25 1NB

 

Buckworth Services Ltd

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 30 November 2021

Note

2021
£

2020
£

Turnover

 

23,625

81,225

Administrative expenses

 

(3,852)

(18,650)

Operating profit

 

19,773

62,575

Other interest receivable and similar income

 

-

8

 

-

8

Profit before tax

19,773

62,583

Taxation

 

(3,757)

(11,891)

Profit for the financial year

 

16,016

50,692

Retained earnings brought forward

 

-

(9,167)

Dividends paid

 

(30,500)

(41,525)

Retained earnings carried forward

 

(14,484)

-

 

Buckworth Services Ltd

(Registration number: 11071332)
Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Current assets

 

Cash at bank and in hand

 

8,994

31,039

Creditors: Amounts falling due within one year

(13,476)

(31,037)

Total assets less current liabilities

 

(4,482)

2

Creditors: Amounts falling due after more than one year

(10,000)

-

Net (liabilities)/assets

 

(14,482)

2

Capital and reserves

 

Called up share capital

4

2

2

Profit and loss account

(14,484)

-

Shareholders' (deficit)/funds

 

(14,482)

2

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 August 2022 and signed on its behalf by:
 

.........................................

Mr Robert Hart
Director

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Buckworth Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the Board on 8 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Buckworth Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2020 - 2).

4

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary Share of £1 each

2

2

2

2

         
 

Buckworth Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2021

5

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

10,000

-