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REGISTERED NUMBER: 03477830 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Buckle & Partners Limited

Buckle & Partners Limited (Registered number: 03477830)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Buckle & Partners Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Buckle
Mrs S J Buckle





REGISTERED OFFICE: 9 St George's Yard
Castle Street
Farnham
Surrey
GU9 7LW





REGISTERED NUMBER: 03477830 (England and Wales)





ACCOUNTANTS: Blackwood Futcher & Co.
Chartered Accountants
9 St George's Yard
Farnham
Surrey
GU9 7LW

Buckle & Partners Limited (Registered number: 03477830)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,372 71,867
Tangible assets 5 4,528 25,088
Investments 6 22,153 54,531
89,053 151,486

CURRENT ASSETS
Debtors 7 466,205 291,073
Cash at bank 20,869 12,893
487,074 303,966
CREDITORS
Amounts falling due within one year 8 101,632 76,261
NET CURRENT ASSETS 385,442 227,705
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,495

379,191

PROVISIONS FOR LIABILITIES - 1,029
NET ASSETS 474,495 378,162

CAPITAL AND RESERVES
Called up share capital 4 4
Other reserves 20 40,993
Retained earnings 474,471 337,165
SHAREHOLDERS' FUNDS 474,495 378,162

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 20 August 2024 and were signed on its behalf by:





P Buckle - Director


Buckle & Partners Limited (Registered number: 03477830)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Buckle & Partners 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 of the company wealth management activities and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


Buckle & Partners Limited (Registered number: 03477830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 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.

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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 433,838
AMORTISATION
At 1 January 2023 361,971
Charge for year 9,495
At 31 December 2023 371,466
NET BOOK VALUE
At 31 December 2023 62,372
At 31 December 2022 71,867

Buckle & Partners Limited (Registered number: 03477830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 37,869
Additions 1,241
Disposals (23,992 )
At 31 December 2023 15,118
DEPRECIATION
At 1 January 2023 12,781
Charge for year 1,308
Eliminated on disposal (3,499 )
At 31 December 2023 10,590
NET BOOK VALUE
At 31 December 2023 4,528
At 31 December 2022 25,088

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 54,531
Additions 8,595
Revaluations (40,973 )
At 31 December 2023 22,153
NET BOOK VALUE
At 31 December 2023 22,153
At 31 December 2022 54,531

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2022 40,993
Valuation in 2023 (40,973 )
Cost 22,133
22,153

The fixed asset investments were valued on an open market basis on 31 December 2023 by St James Place .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 74,442 48,731
Other debtors 391,763 242,342
466,205 291,073

Buckle & Partners Limited (Registered number: 03477830)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,754 6,466
Taxation and social security 55,450 40,657
Other creditors 38,428 29,138
101,632 76,261

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P Buckle
Balance outstanding at start of year 23,966 30,962
Amounts advanced 155,370 107,928
Amounts repaid (106,327 ) (114,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,009 23,966

Mrs S J Buckle
Balance outstanding at start of year 23,966 30,961
Amounts advanced 109,831 53,788
Amounts repaid (60,788 ) (60,783 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,009 23,966

The maximum amount outstanding during the year and due to the company by Mr P Buckle was £130,775 and Mrs S Buckle was £73,009. No interest was paid during the year on either balance.