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BUCKDALE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST JULY 2022 TO 31ST OCTOBER 2023






BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

BUCKDALE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023







DIRECTORS: T J Saunders
J A G Saunders
Ms D C Saunders





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Industrial Estate
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 09510525 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

BALANCE SHEET
31ST OCTOBER 2023

31/10/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,040,922 1,099,132
Investments 5 2 -
1,040,924 1,099,132

CURRENT ASSETS
Stocks 32,500 5,000
Debtors 6 148,484 112,355
Cash at bank and in hand 303 131
181,287 117,486
CREDITORS
Amounts falling due within one year 7 428,848 256,217
NET CURRENT LIABILITIES (247,561 ) (138,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

793,363

960,401

CREDITORS
Amounts falling due after more than one
year

8

(389,195

)

(485,494

)

PROVISIONS FOR LIABILITIES (124,500 ) (124,500 )
NET ASSETS 279,668 350,407

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 392,000 399,000
Retained earnings (112,432 ) (48,693 )
SHAREHOLDERS' FUNDS 279,668 350,407

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 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.

BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

BALANCE SHEET - continued
31ST OCTOBER 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





Ms D C Saunders - Director


BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Buckdale 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Preparation of consolidated financial statements
The financial statements contain information about Buckdale Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Changes in accounting policies
The directors elected to disclose freehold property at valuation rather than under the historic cost method. As a result in 2022, a revaluation reserve of £399,000 was recognised,net of deferred tax £124,500 and depreciation adjustment of £1,500.

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 (50% land; 50% buildings)
Plant and machinery- 10% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the period 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.

BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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 period 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 period was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1st July 2022 900,000 301,609 27,879 1,623 1,231,111
Additions - 10,000 143 178 10,321
Disposals - (40,000 ) (537 ) - (40,537 )
At 31st October 2023 900,000 271,609 27,485 1,801 1,200,895
DEPRECIATION
At 1st July 2022 9,000 103,047 18,420 1,512 131,979
Charge for period 12,000 35,963 3,142 156 51,261
Eliminated on disposal - (22,840 ) (427 ) - (23,267 )
At 31st October 2023 21,000 116,170 21,135 1,668 159,973
NET BOOK VALUE
At 31st October 2023 879,000 155,439 6,350 133 1,040,922
At 30th June 2022 891,000 198,562 9,459 111 1,099,132

Cost or valuation at 31st October 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2022 525,000 - - - 525,000
Cost 375,000 271,609 27,485 1,801 675,895
900,000 271,609 27,485 1,801 1,200,895

BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS - continued

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

31/10/23 30/6/22
£    £   
Cost 375,000 375,000

Value of land in freehold land and buildings 187,500 187,500

Freehold property was valued on an open market basis on 11th January 2024 by Cliftons Property Consultants .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 2
At 31st October 2023 2
NET BOOK VALUE
At 31st October 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 30/6/22
£    £   
Trade debtors 50,823 35,835
Other debtors 1,058 4,885
Prepayments and accrued income 96,603 71,635
148,484 112,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 30/6/22
£    £   
Bank loans and overdrafts 30,665 33,890
Other loans 20,812 18,368
Hire purchase contracts and finance leases 15,060 14,239
Trade creditors 95,890 36,711
Social security and other taxes 70,446 40,468
VAT 123,787 38,877
Other creditors 69,188 70,664
Accrued expenses 3,000 3,000
428,848 256,217

BUCKDALE LIMITED (REGISTERED NUMBER: 09510525)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JULY 2022 TO 31ST OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 30/6/22
£    £   
Bank loans - 2-5 years 15,676 29,559
Other loans - 2-5 years 48,041 75,308
Hire purchase contracts and finance leases 33,134 53,075
Other creditors 77,461 77,461
Property loan 214,883 250,091
389,195 485,494

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 30/6/22
value: £    £   
100 ORDINARY £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1st July 2022 399,000
Transfer from revaluation (7,000 )

At 31st October 2023 392,000

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms D C Saunders.

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BUCKDALE 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 Statement of Comprehensive Income 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 Buckdale Limited for the period ended 31st October 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Buckdale 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 Buckdale Limited and state those matters that we have agreed to state to the Board of Directors of Buckdale 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 Buckdale Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Buckdale 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 Buckdale Limited. You consider that Buckdale Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Buckdale 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.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


31st July 2024