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The Buxhall Crown Limited
Registered Number:09300407
For the year ended 30 November 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2021
The Buxhall Crown Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09300407
As at 30 November 2021
The Buxhall Crown Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Intangible assets
21,600
21,600
1
Property, plant and equipment
6,086
6,086
2
27,686
27,686
Current assets
Inventories
5,690
5,690
3
Trade and other receivables
3,099
-
4
66,822
Cash and cash equivalents
8,347
14,037
75,611
Trade and other payables: amounts falling due within one
year
(7,033)
(3)
5
68,578
14,034
Net current assets
Total assets less current liabilities
41,720
96,264
Trade and other payables: amounts falling due after more
than one year
(46,625)
-
6
41,720
Net assets
49,639
Capital and reserves
Called up share capital
10
10
Retained earnings
41,710
49,629
41,720
49,639
Shareholders' funds
The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 30 November 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Shaun Colby Director
These financial statements were approved and authorised for issue by the Board on 29 August 2022 and were signed by:
1 of 5
4
Registered Number :
09300407
For the year ended 30 November 2021
The Buxhall Crown Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 November 2021
The Buxhall Crown Limited
Notes to the Financial Statements
Statutory Information
The Buxhall Crown Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 09300407.
Principal place of business:
Mill Road
Buxhall
Suffolk
IP14 3DW
Registered address:
9 McKee Drive
Tacolneston
Norfolk
NR16 1BW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in £25,000, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33 Reducing balance
Computer equipment
25 Reducing balance
Motor vehicles
15 Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
3 of 5
6
For the year ended 30 November 2021
The Buxhall Crown Limited
Notes to the Financial Statements Continued
1. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 December 2020
31,200
At 30 November 2021
31,200
Amortisation
At 01 December 2020
9,600
At 30 November 2021
9,600
Net book value
At 30 November 2021
21,600
At 30 November 2020
21,600
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 December 2020
14,673
1,591
13,082
At 30 November 2021
13,082
1,591
14,673
Provision for depreciation and impairment
At 01 December 2020
8,587
1,441
7,146
At 30 November 2021
8,587
1,441
7,146
At 30 November 2021
Net book value
5,936
150
6,086
At 30 November 2020
5,936
150
6,086
3. Inventories
2020
2021
£
£
Stocks
5,690
5,690
4. Trade and other receivables
2020
2021
£
£
Other debtors
-
3,099
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7
For the year ended 30 November 2021
The Buxhall Crown Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
-
1
Taxation and social security
-
5,859
Other creditors
3
1,173
3
7,033
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
-
46,625
5 of 5