Company Registration No. 3236461 (England and Wales)
Buckingham Flooring Limited
Unaudited accounts
for the year ended 31 August 2024
Buckingham Flooring Limited
Unaudited accounts
Contents
Buckingham Flooring Limited
Company Information
for the year ended 31 August 2024
Directors
G J Reboul
C Reboul
Company Number
3236461 (England and Wales)
Registered Office
3 Homeground
Buckingham Industrial Park
Buckingham
BUCKINGHAMSHIRE
MK18 1UH
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Buckingham Flooring Limited
Statement of financial position
as at 31 August 2024
Tangible assets
46,917
34,555
Inventories
36,900
122,549
Cash at bank and in hand
315,406
222,364
Creditors: amounts falling due within one year
(275,475)
(172,113)
Net current assets
309,747
490,643
Total assets less current liabilities
356,664
525,198
Provisions for liabilities
Deferred tax
(9,079)
(6,565)
Net assets
347,585
518,633
Called up share capital
1,210
1,210
Profit and loss account
346,375
517,423
Shareholders' funds
347,585
518,633
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by
C Reboul
Director
Company Registration No. 3236461
Buckingham Flooring Limited
Notes to the Accounts
for the year ended 31 August 2024
Buckingham Flooring Limited is a private company, limited by shares, registered in England and Wales, registration number 3236461. The registered office is 3 Homeground, Buckingham Industrial Park, Buckingham, BUCKINGHAMSHIRE, MK18 1UH.
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:
Plant & machinery
25% on reducing balance and 10% on reducing balance
Motor vehicles
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 Flooring Limited
Notes to the Accounts
for the year ended 31 August 2024
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 September 2023
34,466
90,465
5,260
1,374
131,565
Additions
1,121
25,121
-
2,160
28,402
Disposals
-
(20,500)
-
-
(20,500)
At 31 August 2024
35,587
95,086
5,260
3,534
139,467
At 1 September 2023
26,152
69,199
1,315
344
97,010
Charge for the year
2,359
11,496
986
798
15,639
On disposals
-
(20,099)
-
-
(20,099)
At 31 August 2024
28,511
60,596
2,301
1,142
92,550
At 31 August 2024
7,076
34,490
2,959
2,392
46,917
At 31 August 2023
8,314
21,266
3,945
1,030
34,555
Amounts falling due within one year
Trade debtors
213,366
245,531
Accrued income and prepayments
14,294
13,056
Other debtors
5,256
59,256
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
135,110
96,868
Taxes and social security
88,252
64,312
Other creditors
48,313
10,172
Loans from directors
-
(3,039)
Allotted, called up and fully paid:
1,000 Ordinary shares A of £1 each
1,000
1,000
200 Ordinary shares B of £1 each
200
200
10 Ordinary shares C of £1 each
10
10
The ultimate controlling party is Buckingham Flooring Holdings Limited
Buckingham Flooring Limited
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).