Company Registration No. 10465433 (England and Wales)
Buckingham Coatings Limited
Unaudited accounts
for the year ended 30 November 2023
Buckingham Coatings Limited
Unaudited accounts
Contents
Buckingham Coatings Limited
Company Information
for the year ended 30 November 2023
Company Number
10465433 (England and Wales)
Registered Office
140 Rayne Road,
Braintree, England,
CM7 2QR
Accountants
Accurox Limited
5 Strand Court
Bath Road
Cheltenham
GL53 7LW
Buckingham Coatings Limited
Statement of financial position
as at 30 November 2023
Tangible assets
4,884
9,127
Cash at bank and in hand
58,121
17,157
Creditors: amounts falling due within one year
(55,504)
(66,020)
Net current assets
206,052
124,484
Total assets less current liabilities
210,936
133,611
Creditors: amounts falling due after more than one year
(41,539)
(49,733)
Called up share capital
1
1
Profit and loss account
169,396
83,877
Shareholders' funds
169,397
83,878
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Christopher Hall
Director
Company Registration No. 10465433
Buckingham Coatings Limited
Notes to the Accounts
for the year ended 30 November 2023
Buckingham Coatings Limited is a private company, limited by shares, registered in England and Wales, registration number 10465433. The registered office is 140 Rayne Road,, Braintree, England, , CM7 2QR.
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:
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 Coatings Limited
Notes to the Accounts
for the year ended 30 November 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 December 2022
-
24,799
3,002
11,172
38,973
Additions
714
-
2,255
923
3,892
At 30 November 2023
714
24,799
5,257
12,095
42,865
At 1 December 2022
-
18,600
2,638
8,608
29,846
Charge for the year
97
6,199
731
1,108
8,135
At 30 November 2023
97
24,799
3,369
9,716
37,981
At 30 November 2023
617
-
1,888
2,379
4,884
At 30 November 2022
-
6,199
364
2,564
9,127
Amounts falling due within one year
Trade debtors
89,650
81,977
Accrued income and prepayments
14,193
-
Other debtors
99,592
91,370
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,222
6,222
Obligations under finance leases and hire purchase contracts
4,426
4,426
Trade creditors
15,750
52,128
Taxes and social security
31,483
5,747
Other creditors
13,581
12,914
Loans from directors
(4,263)
2,533
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,216
14,173
8
Average number of employees
During the year the average number of employees was 11 (2022: 10).