Acorah Software Products - Accounts Production 16.1.300 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04282228 Mr D Buxton Mrs M C Buxton Mrs M C Buxton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04282228 2023-08-31 04282228 2024-08-31 04282228 2023-09-01 2024-08-31 04282228 frs-core:CurrentFinancialInstruments 2024-08-31 04282228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 04282228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04282228 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 04282228 frs-core:PlantMachinery 2024-08-31 04282228 frs-core:PlantMachinery 2023-09-01 2024-08-31 04282228 frs-core:PlantMachinery 2023-08-31 04282228 frs-core:ShareCapital 2024-08-31 04282228 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04282228 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04282228 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04282228 frs-bus:SmallEntities 2023-09-01 2024-08-31 04282228 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04282228 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04282228 frs-bus:Director1 2023-09-01 2024-08-31 04282228 frs-bus:Director2 2023-09-01 2024-08-31 04282228 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 04282228 frs-countries:EnglandWales 2023-09-01 2024-08-31 04282228 2022-08-31 04282228 2023-08-31 04282228 2022-09-01 2023-08-31 04282228 frs-core:CurrentFinancialInstruments 2023-08-31 04282228 frs-core:ShareCapital 2023-08-31 04282228 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04282228
Buxton Homes Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04282228
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,626 87,614
86,626 87,614
CURRENT ASSETS
Cash at bank and in hand 95 825
95 825
Creditors: Amounts Falling Due Within One Year 5 (23,779 ) (26,630 )
NET CURRENT ASSETS (LIABILITIES) (23,684 ) (25,805 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,942 61,809
NET ASSETS 62,942 61,809
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 62,842 61,709
SHAREHOLDERS' FUNDS 62,942 61,809
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Buxton
Director
5 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Buxton Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04282228 . The registered office is 22 Eldon Business Park, Eldon Road, Attenborough, Beeston, Nottingham, NG9 6DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% straight line
Plant & Machinery 15% reducing balance
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 September 2023 95,000 5,158 100,158
As at 31 August 2024 95,000 5,158 100,158
Depreciation
As at 1 September 2023 7,600 4,944 12,544
Provided during the period 950 38 988
As at 31 August 2024 8,550 4,982 13,532
Net Book Value
As at 31 August 2024 86,450 176 86,626
As at 1 September 2023 87,400 214 87,614
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 23,282 14,320
Taxation and social security 497 12,310
23,779 26,630
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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