Registered number
07801716
BUCKINGHAM AND COMPANY LIMITED
Filleted Accounts
30 April 2024
BUCKINGHAM AND COMPANY LIMITED
Registered number: 07801716
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 6,249 11,898
6,250 11,899
Current assets
Debtors 5 81,536 128,183
Cash at bank and in hand 628,526 545,700
710,062 673,883
Creditors: amounts falling due within one year 6 (173,318) (196,131)
Net current assets 536,744 477,752
Total assets less current liabilities 542,994 489,651
Creditors: amounts falling due after more than one year 7 (12,987) (22,786)
Net assets 530,007 466,865
Capital and reserves
Called up share capital 5,000 5,000
Profit and loss account 525,007 461,865
Shareholder's funds 530,007 466,865
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Phillips
Director
Approved by the board on 31 January 2025
BUCKINGHAM AND COMPANY LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant & machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 10
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 348,500
At 30 April 2024 348,500
Amortisation
At 1 May 2023 348,499
At 30 April 2024 348,499
Net book value
At 30 April 2024 1
At 30 April 2023 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 13,404 42,221 55,625
At 30 April 2024 13,404 42,221 55,625
Depreciation
At 1 May 2023 12,363 31,364 43,727
Charge for the year 221 5,428 5,649
At 30 April 2024 12,584 36,792 49,376
Net book value
At 30 April 2024 820 5,429 6,249
At 30 April 2023 1,041 10,857 11,898
5 Debtors 2024 2023
£ £
Trade debtors 71,944 122,138
Other debtors 9,592 6,045
81,536 128,183
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Corporation tax 66,021 98,736
Taxation and social security costs 80,399 71,731
Other creditors 16,898 15,664
173,318 196,131
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,987 22,786
8 Controlling party
Mr Anthony Phillips who is a director of the company has a 100% interest in the Ordinary Share Capital of the company.
9 Other information
BUCKINGHAM AND COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27A Maxwell Road
Northwood
Middlesex
HA6 2XY
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