Registered number
04754359
BUCKLEY BUILDING SERVICES LIMITED
Filleted Accounts
31 May 2024
BUCKLEY BUILDING SERVICES LIMITED
Registered number: 04754359
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,013 7,587
Current assets
Stocks 7,950 1,300
Debtors 5 3,823 -
Cash at bank and in hand 23,078 112,799
34,851 114,099
Creditors: amounts falling due within one year 6 (16,380) (33,767)
Net current assets 18,471 80,332
Total assets less current liabilities 33,484 87,919
Creditors: amounts falling due after more than one year 7 (11,625) (48,584)
Net assets 21,859 39,335
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,857 39,333
Shareholders' funds 21,859 39,335
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Buckley
Director
Approved by the board on 4 September 2024
BUCKLEY BUILDING SERVICES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% per annum of net book value
Motor vehicles 25% per annum of net book value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 165,000
At 31 May 2024 165,000
Amortisation
At 1 June 2023 165,000
At 31 May 2024 165,000
Net book value
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 19,432 20,000 39,432
Additions 500 11,930 12,430
At 31 May 2024 19,932 31,930 51,862
Depreciation
At 1 June 2023 18,674 13,171 31,845
Charge for the year 314 4,690 5,004
At 31 May 2024 18,988 17,861 36,849
Net book value
At 31 May 2024 944 14,069 15,013
At 31 May 2023 758 6,829 7,587
5 Debtors 2024 2023
£ £
Other debtors 3,823 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 393 3,130
Accruals and deferred income 3,987 1,625
Taxation and social security costs - 5,012
Directors loans 12,000 24,000
16,380 33,767
7 Creditors: amounts falling due after one year 2024 2023
£ £
Directors loans 11,625 48,584
8 Events after the reporting date
There were no material post balance sheet events up to the 4th September 2024, being the date of approval of the financial statements by the board of directors.
9 Other information
BUCKLEY BUILDING SERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wynbank Farm
Wereton Road
Audley
Stoke On Trent
Staffs, ST7 8HE
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