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REGISTERED NUMBER: 00105158 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

JOHN BUCKLEY (DUDLEY) LIMITED

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


JOHN BUCKLEY (DUDLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr T J Rowe
Mrs S J Rowe, JP
Mr T H Rowe





SECRETARY: Mrs S J Rowe, JP





REGISTERED OFFICE: Alma Place
Off King Street
DUDLEY
West Midlands
DY2 8QH





REGISTERED NUMBER: 00105158 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
JOHN BUCKLEY (DUDLEY) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of John Buckley (Dudley) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of John Buckley (Dudley) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Buckley (Dudley) Limited and state those matters that we have agreed to state to the Board of Directors of John Buckley (Dudley) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Buckley (Dudley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that John Buckley (Dudley) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of John Buckley (Dudley) Limited. You consider that John Buckley (Dudley) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Buckley (Dudley) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF


9 November 2023

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,106 184,277
Investment property 5 745,000 765,000
920,106 949,277

CURRENT ASSETS
Stocks 6 82,185 63,571
Debtors 7 118,893 142,567
Cash at bank and in hand 145,119 158,312
346,197 364,450
CREDITORS
Amounts falling due within one year 8 140,588 138,388
NET CURRENT ASSETS 205,609 226,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125,715

1,175,339

PROVISIONS FOR LIABILITIES 32,385 36,974
NET ASSETS 1,093,330 1,138,365

CAPITAL AND RESERVES
Called up share capital 1,019 1,019
Revaluation reserve 9 30,245 32,235
Capital redemption reserve 2,134 2,134
Retained earnings 1,059,932 1,102,977
SHAREHOLDERS' FUNDS 1,093,330 1,138,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:




Mr T H Rowe - Director


JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

John Buckley (Dudley) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2022 284,336 455,087 10,211 749,634
Additions - 2,084 - 2,084
Disposals - (2,829 ) - (2,829 )
At 31 March 2023 284,336 454,342 10,211 748,889
DEPRECIATION
At 1 April 2022 128,574 431,179 5,604 565,357
Charge for year 5,019 5,084 1,152 11,255
Eliminated on disposal - (2,829 ) - (2,829 )
At 31 March 2023 133,593 433,434 6,756 573,783
NET BOOK VALUE
At 31 March 2023 150,743 20,908 3,455 175,106
At 31 March 2022 155,762 23,908 4,607 184,277

Included in cost or valuation of land and buildings is freehold land of £ 33,377 (2022 - £ 33,377 ) which is not depreciated.

Cost or valuation at 31 March 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2001 99,500 - - 99,500
Cost 184,836 454,342 10,211 649,389
284,336 454,342 10,211 748,889

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 765,000
Revaluations (20,000 )
At 31 March 2023 745,000
NET BOOK VALUE
At 31 March 2023 745,000
At 31 March 2022 765,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 27,927
Valuation in 2018 (15,000 )
Valuation in 2019 47,653
Valuation in 2020 (8,000 )
Valuation in 2021 58,000
Valuation in 2022 85,000
Valuation in 2023 (20,000 )
Cost 569,420
745,000

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 569,420 569,420

Investment property was valued on an open market basis on 31 March 2022 by the directors .

6. STOCKS
2023 2022
£    £   
Raw materials 37,785 34,383
Work-in-progress 3,479 2,111
Finished goods 40,921 27,077
82,185 63,571

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 97,294 121,159
Other debtors 21,599 21,408
118,893 142,567

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 73,027 75,455
Taxation and social security 25,614 21,582
Other creditors 41,947 41,351
140,588 138,388

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022 32,235
Revaluation reserve realised (1,990 )

At 31 March 2023 30,245