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REGISTERED NUMBER: 00802832 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

J W BUCKLEY LIMITED

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

J W BUCKLEY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G Scholes





REGISTERED OFFICE: 89 High Street
Uppermill
Oldham
OL3 6AP





REGISTERED NUMBER: 00802832 (England and Wales)





ACCOUNTANTS: Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 554,351 545,100
Investment property 5 517,000 470,000
1,071,351 1,015,100

CURRENT ASSETS
Stocks 55,000 29,000
Debtors 6 161,497 119,861
Cash at bank and in hand 7,954 11,394
224,451 160,255
CREDITORS
Amounts falling due within one year 7 226,527 266,264
NET CURRENT LIABILITIES (2,076 ) (106,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,275

909,091

PROVISIONS FOR LIABILITIES 9 81,864 68,108
NET ASSETS 987,411 840,983

CAPITAL AND RESERVES
Called up share capital 86 86
Revaluation reserve 10 558,955 523,705
Capital redemption reserve 14 14
Retained earnings 428,356 317,178
SHAREHOLDERS' FUNDS 987,411 840,983

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 director acknowledges his 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.

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





G Scholes - Director


J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

J W Buckley 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, 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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Having adopted accounting standard FRS 102 section 1A the director has opted not to continue with the policy to revalue the land and buildings. The land and buildings will be included using the valuation at 1 January 2016 as the deemed cost value and one which the director believes to be its' fair value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 year was 29 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 411,267 218,700 38,990 10,169 679,126
Additions - 25,270 18,167 1,053 44,490
Disposals - - (15,490 ) - (15,490 )
At 31 December 2023 411,267 243,970 41,667 11,222 708,126
DEPRECIATION
At 1 January 2023 - 101,534 22,541 9,951 134,026
Charge for year - 21,366 7,020 318 28,704
Eliminated on disposal - - (8,955 ) - (8,955 )
At 31 December 2023 - 122,900 20,606 10,269 153,775
NET BOOK VALUE
At 31 December 2023 411,267 121,070 21,061 953 554,351
At 31 December 2022 411,267 117,166 16,449 218 545,100

The company has ceased to operate a policy of revaluation of land and buildings.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 470,000
Revaluations 47,000
At 31 December 2023 517,000
NET BOOK VALUE
At 31 December 2023 517,000
At 31 December 2022 470,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 222,380
Valuation in 2023 47,000
Cost 247,620
517,000

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INVESTMENT PROPERTY - continued

The investment property has been valued by the director.

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 30,466 31,716
Other debtors 122,906 80,020
153,372 111,736

Amounts falling due after more than one year:
Other debtors 8,125 8,125

Aggregate amounts 161,497 119,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 25,572 184,675
Trade creditors 74,832 18,070
Taxation and social security 70,507 25,746
Other creditors 55,616 37,773
226,527 266,264

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,572 184,675

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation reserve 81,864 68,108

Deferred
tax
£   
Balance at 1 January 2023 68,108
Property Revaluation 11,750
Accelerated capital allowances 2,006
Balance at 31 December 2023 81,864

J W BUCKLEY LIMITED (REGISTERED NUMBER: 00802832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023 523,705
Surplus on property
revaluation 35,250

At 31 December 2023 558,955

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G Scholes
Balance outstanding at start of year 44,015 -
Amounts repaid (20,501 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,514 44,015

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
J W BUCKLEY LIMITED

The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director 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 J W Buckley Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of J W Buckley Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J W Buckley Limited and state those matters that we have agreed to state to the director of J W Buckley Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J W Buckley 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 profit of J W Buckley Limited. You consider that J W Buckley Limited is exempt from the statutory audit requirement for the year.

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






Jane Cooksey Limited
15/16 Boarshurst Bus. Park,
Boarshurst Lane, Greenfield
Oldham
Lancashire
OL3 7ER


26 September 2024