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REGISTERED NUMBER: 08809252 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Higher Buck Limited

Higher Buck Limited (Registered number: 08809252)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Higher Buck Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: M D Heathcote
Mrs C L Heathcote





REGISTERED OFFICE: The Square
Waddington
Clitheroe
Lancashire
BB7 3HZ





REGISTERED NUMBER: 08809252 (England and Wales)





ACCOUNTANTS: FS Accountants Limited
2 York Street
Clitheroe
Lancashire
BB7 2DL

Higher Buck Limited (Registered number: 08809252)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,204 95,742
Investments 5 100,000 100,000
190,204 195,742

CURRENT ASSETS
Stocks 22,952 18,953
Debtors 32,620 149,136
Cash at bank and in hand 206,239 171,796
261,811 339,885
CREDITORS
Amounts falling due within one year 134,104 153,294
NET CURRENT ASSETS 127,707 186,591
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,911

382,333

CREDITORS
Amounts falling due after more than one
year

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (17,139 ) (18,191 )
NET ASSETS 289,105 342,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 289,005 342,375
SHAREHOLDERS' FUNDS 289,105 342,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Higher Buck Limited (Registered number: 08809252)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





M D Heathcote - Director


Higher Buck Limited (Registered number: 08809252)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Higher Buck 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 Income Statement, 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.

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 34 (2023 - 38 ) .

Higher Buck Limited (Registered number: 08809252)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 246,392
Additions 10,963
At 30 April 2024 257,355
DEPRECIATION
At 1 May 2023 150,650
Charge for year 16,501
At 30 April 2024 167,151
NET BOOK VALUE
At 30 April 2024 90,204
At 30 April 2023 95,742

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments 100,000 100,000