IRIS Accounts Production v24.3.2.46 06665083 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066650832023-05-31066650832024-05-31066650832023-06-012024-05-31066650832022-05-31066650832022-06-012023-05-31066650832023-05-3106665083ns15:EnglandWales2023-06-012024-05-3106665083ns14:PoundSterling2023-06-012024-05-3106665083ns10:Director12023-06-012024-05-3106665083ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106665083ns10:SmallEntities2023-06-012024-05-3106665083ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106665083ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106665083ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106665083ns10:FullAccounts2023-06-012024-05-3106665083ns10:Director22023-06-012024-05-3106665083ns10:Director32023-06-012024-05-3106665083ns10:CompanySecretary12023-06-012024-05-3106665083ns10:RegisteredOffice2023-06-012024-05-3106665083ns5:CurrentFinancialInstruments2024-05-3106665083ns5:CurrentFinancialInstruments2023-05-3106665083ns5:ShareCapital2024-05-3106665083ns5:ShareCapital2023-05-3106665083ns5:RetainedEarningsAccumulatedLosses2024-05-3106665083ns5:RetainedEarningsAccumulatedLosses2023-05-3106665083ns5:LeaseholdImprovements2023-06-012024-05-3106665083ns5:PlantMachinery2023-06-012024-05-3106665083ns5:FurnitureFittings2023-06-012024-05-3106665083ns5:ComputerEquipment2023-06-012024-05-3106665083ns5:LeaseholdImprovements2023-05-3106665083ns5:PlantMachinery2023-05-3106665083ns5:FurnitureFittings2023-05-3106665083ns5:ComputerEquipment2023-05-3106665083ns5:LeaseholdImprovements2024-05-3106665083ns5:PlantMachinery2024-05-3106665083ns5:FurnitureFittings2024-05-3106665083ns5:ComputerEquipment2024-05-3106665083ns5:LeaseholdImprovements2023-05-3106665083ns5:PlantMachinery2023-05-3106665083ns5:FurnitureFittings2023-05-3106665083ns5:ComputerEquipment2023-05-3106665083ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3106665083ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 06665083 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

BUCHANANVETS LTD

BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUCHANANVETS LTD

Company Information
for the Year Ended 31 May 2024







Directors: P Buchanan
M V Buchanan
S S Snader





Secretary: P Buchanan





Registered office: 120 Wood Lane
Timperley
Altrincham
Cheshire
WA15 7PJ





Registered number: 06665083 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 27,655 20,349

Current assets
Stocks 76,176 80,582
Debtors 6 71,331 260,975
Cash at bank and in hand 352,342 150,141
499,849 491,698
Creditors
Amounts falling due within one year 7 251,143 239,189
Net current assets 248,706 252,509
Total assets less current liabilities 276,361 272,858

Provisions for liabilities 6,914 5,087
Net assets 269,447 267,771

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 268,447 266,771
269,447 267,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





P Buchanan - Director


BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. Statutory information

Buchananvets Ltd 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% straight line
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

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 Profit and Loss Account, 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.

BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. Accounting policies - continued

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

4. Employees and directors

The average number of employees during the year was 20 (2023 - 19 ) .

5. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 June 2023 18,908 86,566 56,932 27,215 189,621
Additions 11,200 - 2,231 1,930 15,361
At 31 May 2024 30,108 86,566 59,163 29,145 204,982
Depreciation
At 1 June 2023 17,120 75,775 54,044 22,333 169,272
Charge for year 2,781 2,698 1,089 1,487 8,055
At 31 May 2024 19,901 78,473 55,133 23,820 177,327
Net book value
At 31 May 2024 10,207 8,093 4,030 5,325 27,655
At 31 May 2023 1,788 10,791 2,888 4,882 20,349

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 51,730 234,060
Other debtors 19,601 26,915
71,331 260,975

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 67,918 73,741
Taxation and social security 170,176 142,832
Other creditors 13,049 22,616
251,143 239,189

BUCHANANVETS LTD (REGISTERED NUMBER: 06665083)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. Called up share capital

Allotted Number, Issued and fully paid

Number:

Class:
Nominal
Value:

2024

2023
£    £   
250 A Ordinary 50p shares 50p 125 125
250 B Ordinary 50p shares 50p 125 125
500 C Ordinary 50p shares 50p 250 250
1,000 D Ordinary 50p shares 50p 500 500
1,000 1,000