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
Buckingham Flooring Limited
Company Information
for the year ended 31 August 2023
Directors
G J Reboul
C 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
Buckingham Flooring Limited
Statement of financial position
as at 31 August 2023
Tangible assets
34,555
24,839
Inventories
122,549
77,832
Cash at bank and in hand
222,364
396,376
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
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
Buckingham Flooring Limited
Notes to the Accounts
for the year ended 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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.
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.
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
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
At 31 August 2023
8,314
21,266
3,945
1,030
34,555
At 31 August 2022
10,985
13,854
-
-
24,839
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
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
96,868
248,617
Taxes and social security
64,312
157,975
Loans from directors
(3,039)
(10,538)
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
The company is controlled by its director and shareholder Mr. G J Reboul.
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).