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Company Registration No. 3236461 (England and Wales)
Buckingham Flooring Limited Unaudited accounts for the year ended 31 August 2023
Buckingham Flooring Limited Unaudited accounts Contents
Page
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Buckingham Flooring Limited Company Information for the year ended 31 August 2023
Directors
G J Reboul C Reboul
Secretary
Mrs H Reboul
Company Number
3236461 (England and Wales)
Registered Office
3 Homeground Buckingham Industrial Park Buckingham BUCKINGHAMSHIRE MK18 1UH
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Buckingham Flooring Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,555 
24,839 
Current assets
Inventories
122,549 
77,832 
Debtors
317,843 
414,364 
Cash at bank and in hand
222,364 
396,376 
662,756 
888,572 
Creditors: amounts falling due within one year
(172,113)
(399,854)
Net current assets
490,643 
488,718 
Total assets less current liabilities
525,198 
513,557 
Provisions for liabilities
Deferred tax
(6,565)
(4,719)
Net assets
518,633 
508,838 
Capital and reserves
Called up share capital
1,210 
1,210 
Profit and loss account
517,423 
507,628 
Shareholders' funds
518,633 
508,838 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
G J Reboul Director Company Registration No. 3236461
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Buckingham Flooring Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Buckingham Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 3236461. The registered office is 3 Homeground, Buckingham Industrial Park, Buckingham, BUCKINGHAMSHIRE, MK18 1UH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance and 10% on reducing balance
Motor vehicles
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Buckingham Flooring Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
34,366 
75,965 
- 
- 
110,331 
Additions
100 
14,500 
5,260 
1,374 
21,234 
At 31 August 2023
34,466 
90,465 
5,260 
1,374 
131,565 
Depreciation
At 1 September 2022
23,381 
62,111 
- 
- 
85,492 
Charge for the year
2,771 
7,088 
1,315 
344 
11,518 
At 31 August 2023
26,152 
69,199 
1,315 
344 
97,010 
Net book value
At 31 August 2023
8,314 
21,266 
3,945 
1,030 
34,555 
At 31 August 2022
10,985 
13,854 
- 
- 
24,839 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
245,531 
396,342 
Accrued income and prepayments
13,056 
9,033 
Other debtors
59,256 
8,989 
317,843 
414,364 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
96,868 
248,617 
Taxes and social security
64,312 
157,975 
Other creditors
10,172 
- 
Loans from directors
(3,039)
(10,538)
Accruals
3,800 
3,800 
172,113 
399,854 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares A of £1 each
1,000 
1,000 
200 Ordinary shares B of £1 each
200 
200 
10 Ordinary shares C of £1 each
10 
10 
1,210 
1,210 
8
Controlling party
The company is controlled by its director and shareholder Mr. G J Reboul.
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Buckingham Flooring Limited Notes to the Accounts for the year ended 31 August 2023
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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