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REGISTERED NUMBER: 00440251 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

W. A. Buckland and Sons Limited

W. A. Buckland and Sons Limited (Registered number: 00440251)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


W. A. Buckland and Sons Limited

Company Information
for the year ended 29 February 2024







DIRECTORS: N J L Harris
A K Goff





SECRETARY: J E Harris





REGISTERED OFFICE: 7 - 11 The Pavement
Grovehill Road
Redhill
Surrey
RH1 6TW





REGISTERED NUMBER: 00440251 (England and Wales)





ACCOUNTANTS: LJP Accounting Ltd
Barn Studios
Gaterounds
Parkgate Road
Newdigate
Surrey
RH5 5AJ

W. A. Buckland and Sons Limited (Registered number: 00440251)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,225 51,471

CURRENT ASSETS
Stocks 39,386 15,701
Debtors 5 111,971 133,300
Cash at bank and in hand 34,682 44,706
186,039 193,707
CREDITORS
Amounts falling due within one year 6 173,547 147,731
NET CURRENT ASSETS 12,492 45,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,717

97,447

CREDITORS
Amounts falling due after more than one
year

7

(46,070

)

(33,540

)

PROVISIONS FOR LIABILITIES (6,084 ) (7,298 )
NET ASSETS 36,563 56,609

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 34,563 54,609
SHAREHOLDERS' FUNDS 36,563 56,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





A K Goff - Director


W. A. Buckland and Sons Limited (Registered number: 00440251)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

W. A. Buckland and Sons 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

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 Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

W. A. Buckland and Sons Limited (Registered number: 00440251)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 93,425
Additions 50,545
At 29 February 2024 143,970
DEPRECIATION
At 1 March 2023 41,954
Charge for year 25,791
At 29 February 2024 67,745
NET BOOK VALUE
At 29 February 2024 76,225
At 28 February 2023 51,471

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 53,383
Additions 44,794
At 29 February 2024 98,177
DEPRECIATION
At 1 March 2023 13,346
Charge for year 21,207
At 29 February 2024 34,553
NET BOOK VALUE
At 29 February 2024 63,624
At 28 February 2023 40,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,699 13,469
Other debtors 95,272 119,831
111,971 133,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,182 4,274
Trade creditors 107,467 100,988
Taxation and social security 45,251 30,079
Other creditors 2,647 2,390
173,547 147,731

W. A. Buckland and Sons Limited (Registered number: 00440251)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Hire purchase contracts 33,570 11,040
46,070 33,540

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 41,752 15,314

Hire purchase contracts are secured on the assets acquired.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
N J L Harris
Balance outstanding at start of year 19,917 13,917
Amounts advanced - 19,917
Amounts repaid (19,917 ) (13,917 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 19,917

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J L Harris.