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REGISTERED NUMBER: 03035378 (England and Wales)












Financial Statements

for the Year Ended 28th February 2023

for

Buffery & Co. Limited

Buffery & Co. Limited (Registered number: 03035378)






Contents of the Financial Statements
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Buffery & Co. Limited

Company Information
for the Year Ended 28th February 2023







DIRECTOR: M C Buffery





SECRETARY: Mrs K A Buffery





REGISTERED OFFICE: 2 West Street
Henley on Thames
Oxfordshire
RG9 2DU





REGISTERED NUMBER: 03035378 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Buffery & Co. Limited (Registered number: 03035378)

Balance Sheet
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,470 81,470
Tangible assets 5 9,248 3,027
90,718 84,497

CURRENT ASSETS
Stocks 94,469 117,000
Debtors 6 232,895 104,857
Prepayments and accrued income 2,988 5,977
Cash at bank and in hand 77,524 119,533
407,876 347,367
CREDITORS
Amounts falling due within one year 7 159,317 134,393
NET CURRENT ASSETS 248,559 212,974
TOTAL ASSETS LESS CURRENT LIABILITIES 339,277 297,471

CREDITORS
Amounts falling due after more than one year 8 38,757 63,237
NET ASSETS 300,520 234,234

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 299,520 233,234
SHAREHOLDERS' FUNDS 300,520 234,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23rd November 2023 and were signed by:





M C Buffery - Director


Buffery & Co. Limited (Registered number: 03035378)

Notes to the Financial Statements
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Buffery & Co. 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.

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

Goodwill
Goodwill represents the value of practices purchased in 2009. The goodwill which could be written down against tax has not been fully amortised. The balance in the accounts represents goodwill which if amortised is not allowable against tax. This element has not been amortised, since the director considers that the inherent value of the goodwill in the practice significantly exceeds this amount.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Assets purchased for under £750 are fully depreciated in the first year

Other assets are depreciated over approximately three years.

Work in progress
Work in progress represents the estimated value of work done on behalf of clients which has not been invoiced at the year end.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 474,693
AMORTISATION
At 1st March 2022
and 28th February 2023 393,223
NET BOOK VALUE
At 28th February 2023 81,470
At 28th February 2022 81,470

Buffery & Co. Limited (Registered number: 03035378)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022 10,119
Additions 15,895
At 28th February 2023 26,014
DEPRECIATION
At 1st March 2022 7,092
Charge for year 9,674
At 28th February 2023 16,766
NET BOOK VALUE
At 28th February 2023 9,248
At 28th February 2022 3,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 68,970 29,180
Other debtors 163,925 75,677
232,895 104,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 140,957 116,033
Other creditors 18,360 18,360
159,317 134,393

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 38,757 63,237

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to shareholder a director subsisted during the years ended 28th February 2023 and 28th February 2022:

28.2.23 28.2.22
£    £   
M C Buffery
Balance outstanding at start of year 75,676 76,240
Amounts advanced 258,249 75,676
Amounts repaid (170,000 ) (76,240 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 163,925 75,676

The outstanding loan account was settled by way of dividends declared in April 2023.