IRIS Accounts Production v24.2.0.383 03035378 director 1.3.23 29.2.24 29.2.24 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030353782023-02-28030353782024-02-29030353782023-03-012024-02-29030353782022-02-28030353782022-03-012023-02-28030353782023-02-2803035378ns15:EnglandWales2023-03-012024-02-2903035378ns14:PoundSterling2023-03-012024-02-2903035378ns10:Director12023-03-012024-02-2903035378ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903035378ns10:SmallEntities2023-03-012024-02-2903035378ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903035378ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903035378ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903035378ns10:FullAccounts2023-03-012024-02-290303537812023-03-012024-02-2903035378ns10:CompanySecretary12023-03-012024-02-2903035378ns10:RegisteredOffice2023-03-012024-02-2903035378ns5:CurrentFinancialInstruments2024-02-2903035378ns5:CurrentFinancialInstruments2023-02-2803035378ns5:Non-currentFinancialInstruments2024-02-2903035378ns5:Non-currentFinancialInstruments2023-02-2803035378ns5:ShareCapital2024-02-2903035378ns5:ShareCapital2023-02-2803035378ns5:RetainedEarningsAccumulatedLosses2024-02-2903035378ns5:RetainedEarningsAccumulatedLosses2023-02-2803035378ns5:NetGoodwill2023-03-012024-02-2903035378ns5:NetGoodwill2023-02-2803035378ns5:NetGoodwill2024-02-2903035378ns5:NetGoodwill2023-02-2803035378ns5:PlantMachinery2023-02-2803035378ns5:PlantMachinery2023-03-012024-02-2903035378ns5:PlantMachinery2024-02-2903035378ns5:PlantMachinery2023-02-2803035378ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2903035378ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28030353781ns10:Director12023-02-28030353781ns10:Director12022-02-28030353781ns10:Director12023-03-012024-02-29030353781ns10:Director12022-03-012023-02-28030353781ns10:Director12024-02-29030353781ns10:Director12023-02-28
REGISTERED NUMBER: 03035378 (England and Wales)












Financial Statements

for the Year Ended 29th February 2024

for

Buffery & Co. Limited

Buffery & Co. Limited (Registered number: 03035378)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buffery & Co. Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: M C Buffery





SECRETARY: Mrs K A Buffery





REGISTERED OFFICE: 2 West Street
Henley on Thames
Oxfordshire
RG9 2DT





REGISTERED NUMBER: 03035378 (England and Wales)





ACCOUNTANTS: Buffery & Co Ltd
2 West Street
Henley On Thames
Oxfordshire
RG9 2DU

Buffery & Co. Limited (Registered number: 03035378)

Balance Sheet
29th February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,470 81,470
Tangible assets 5 - 9,248
Investments 6 1,434 -
82,904 90,718

CURRENT ASSETS
Stocks 91,842 94,469
Debtors 7 228,491 232,895
Prepayments and accrued income - 2,988
Cash at bank and in hand 62,181 77,524
382,514 407,876
CREDITORS
Amounts falling due within one year 8 124,475 159,317
NET CURRENT ASSETS 258,039 248,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,943

339,277

CREDITORS
Amounts falling due after more than one year 9 14,277 38,757
NET ASSETS 326,666 300,520

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 325,666 299,520
SHAREHOLDERS' FUNDS 326,666 300,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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.

Buffery & Co. Limited (Registered number: 03035378)

Balance Sheet - continued
29th February 2024


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 29th November 2024 and were signed by:





M C Buffery - Director


Buffery & Co. Limited (Registered number: 03035378)

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

1. STATUTORY INFORMATION

Buffery & Co. 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.

Goodwill
Goodwill represents the value of practices purchased in 2009. The goodwill which could be written down against tax has not been fully amortised. The balance in the accounts represents goodwill which if amortised is not allowable against tax. This element has not been amortised, since the director considers that the inherent value of the goodwill in the practice significantly exceeds this amount.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Assets purchased for under £750 are fully depreciated in the first year

Other assets are depreciated over approximately three years.

Work in progress
Work in progress represents the estimated value of work done on behalf of clients which has not been invoiced at the year end.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 NIL (2023 - 6 ).

Buffery & Co. Limited (Registered number: 03035378)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2023
and 29th February 2024 474,693
AMORTISATION
At 1st March 2023
and 29th February 2024 393,223
NET BOOK VALUE
At 29th February 2024 81,470
At 28th February 2023 81,470

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2023
and 29th February 2024 26,014
DEPRECIATION
At 1st March 2023 16,766
Charge for year 9,248
At 29th February 2024 26,014
NET BOOK VALUE
At 29th February 2024 -
At 28th February 2023 9,248

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
No description 1,434 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 50,324 68,970
Other debtors 178,167 163,925
228,491 232,895

Buffery & Co. Limited (Registered number: 03035378)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 106,115 140,957
Other creditors 18,360 18,360
124,475 159,317

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 14,277 38,757

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

29.2.24 28.2.23
£    £   
M C Buffery
Balance outstanding at start of year 163,925 75,676
Amounts advanced 181,469 258,249
Amounts repaid (175,000 ) (170,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 170,394 163,925

The outstanding loan account was settled by way of dividend declared in April 2024