The Buxhall Crown Limited |
Registered Number:09300407 |
For the year ended 30 November 2021
England and Wales
Unaudited Financial Statements
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
The Buxhall Crown Limited
Statement of Financial Position
2020
2021
21,600
21,600
1
Property, plant and equipment |
6,086
6,086
2
27,686
27,686
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
10
10
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. |
These financial statements were approved and authorised for issue by the Board on 29 August 2022 and were signed by: |
1 of 5
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
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
9 McKee Drive
Tacolneston
Norfolk
NR16 1BW
The presentation currency is £ sterling. |
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: |
Computer equipment
Motor vehicles
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
For the year ended 30 November 2021
The Buxhall Crown Limited
Notes to the Financial Statements Continued
1. Intangible fixed assets |
Goodwill
31,200
31,200
9,600
9,600
21,600
21,600
2. Property, plant and equipment |
14,673
1,591
13,082
13,082
1,591
14,673
Provision for depreciation and impairment |
8,587
1,441
7,146
8,587
1,441
7,146
5,936
150
6,086
5,936
150
6,086
2020
2021
5,690
5,690
4. Trade and other receivables |
2020
2021
-
3,099
4 of 5
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
-
1
Taxation and social security |
-
5,859
3
1,173
3
7,033
6. Trade and other payables: amounts falling due after more than one year |
2020
2021
-
46,625
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