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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
Page
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Buckingham Coatings Limited Company Information for the year ended 30 November 2023
Director
Christopher Hall
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
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Buckingham Coatings Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,884 
9,127 
Current assets
Debtors
203,435 
173,347 
Cash at bank and in hand
58,121 
17,157 
261,556 
190,504 
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)
Net assets
169,397 
83,878 
Capital and reserves
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
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Buckingham Coatings Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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:
Motor vehicles
25%SL
Fixtures & fittings
25%SL
Computer equipment
25%SL
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 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 
Depreciation
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 
Net book value
At 30 November 2023
617 
- 
1,888 
2,379 
4,884 
At 30 November 2022
- 
6,199 
364 
2,564 
9,127 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
89,650 
81,977 
Accrued income and prepayments
14,193 
- 
Other debtors
99,592 
91,370 
203,435 
173,347 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,222 
6,222 
VAT
(11,695)
(17,950)
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 
55,504 
66,020 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,323 
35,560 
Obligations under finance leases and hire purchase contracts
11,216 
14,173 
41,539 
49,733 
8
Average number of employees
During the year the average number of employees was 11 (2022: 10).
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