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Registration number: 08764362

Bucklebury Trading Company Limited

Annual Report and Unaudited Financial Statements

Pages for filing with the Registrar

for the Year Ended 29 February 2024

 

Bucklebury Trading Company Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 12

 

Bucklebury Trading Company Limited

Company Information

Directors

Mrs N R Peddie

Mrs C L Dibble

Registered office

Paxton House
Sadgrove Lane
Bucklebury
Reading
Berkshire
RG7 6SB

Accountants

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bucklebury Trading Company Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bucklebury Trading Company Limited for the year ended 29 February 2024 as set out on pages 3 to 12 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/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Bucklebury Trading Company Limited, as a body, in accordance with the terms of our engagement letter dated 22 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Bucklebury Trading Company Limited and state those matters that we have agreed to state to the Board of Directors of Bucklebury Trading Company Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bucklebury Trading Company Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bucklebury Trading Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bucklebury Trading Company Limited. You consider that Bucklebury Trading Company 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 accounts of Bucklebury Trading Company 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 accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

22 November 2024

 

Bucklebury Trading Company Limited

(Registration number: 08764362)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,559

1,445

Current assets

 

Stocks

5

39,736

42,134

Debtors

6

1,539

1,400

Cash at bank and in hand

 

46,602

46,322

 

87,877

89,856

Creditors: Amounts falling due within one year

7

(20,007)

(23,346)

Net current assets

 

67,870

66,510

Total assets less current liabilities

 

69,429

67,955

Provisions for liabilities
(deferred taxation)

(295)

(275)

Net assets

 

69,134

67,680

Capital and reserves

 

Called up share capital

8

2

2

Profit and loss account

69,132

67,678

Total equity

 

69,134

67,680

 

Bucklebury Trading Company Limited

(Registration number: 08764362)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

.........................................
Mrs C L Dibble
Director

 

Bucklebury Trading Company Limited

Statement of Changes in Equity for the Year Ended 29 February 2024

Called up share capital
£

Profit and loss account
£

Total Equity
£

At 1 March 2023

2

67,678

67,680

Profit for the year

-

1,454

1,454

Total comprehensive income

-

1,454

1,454

At 29 February 2024

2

69,132

69,134

Called up share capital
£

Profit and loss account
£

Total equity
£

At 1 March 2022

2

54,042

54,044

Profit for the year

-

15,636

15,636

Total comprehensive income

-

15,636

15,636

Dividends

-

(2,000)

(2,000)

At 28 February 2023

2

67,678

67,680

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Paxton House
Sadgrove Lane
Bucklebury
Reading
Berkshire
RG7 6SB
United Kingdom

The principal place of business is:
The Old Corner Shop
Bath Road
Woolhampton
Reading
Berkshire
RG7 5RE

These financial statements were authorised for issue by the Board on 22 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

write off costs over 3 years

Fixtures and fittings

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost

At 1 March 2023

2,738

1,662

4,400

Additions

145

358

503

At 29 February 2024

2,883

2,020

4,903

Depreciation

At 1 March 2023

1,813

1,142

2,955

Charge for the year

141

248

389

At 29 February 2024

1,954

1,390

3,344

Carrying amount

At 29 February 2024

929

630

1,559

At 28 February 2023

925

520

1,445

5

Stocks

2024
£

2023
£

Other inventories

39,736

42,134

6

Debtors

2024
£

2023
£

Other debtors

1,539

1,400

1,539

1,400

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

9,188

6,907

Taxation and social security

6,071

11,174

Accruals and deferred income

2,545

2,395

Other creditors

2,203

2,870

20,007

23,346

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares A of £1 each

1

1

1

1

Ordinary shares B of £1 each

1

1

1

1

2

2

2

2

9

Reserves

The profit and loss reserves of the company are wholly distributable.

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil per each Ordinary shares A

-

-

Interim dividend of £Nil (2023 - £2,000.00) per each Ordinary shares B

-

2,000

-

2,000

 

Bucklebury Trading Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

11

Related party transactions

Other transactions with directors

At the 29th February 2024 creditors within one year includes the sum of £1,874 (2023 - £2,570) owed to the director Mrs C L Dibble. This loan is in respect of expenses incurred personally by the director.

At the 29th February 2024 creditors within one year includes the sum of £329 (2023 - £300) owed to the director Mrs Peddie. This loan is in respect of expenses incurred personally by the director.

These loans to the company are interest free.