Caseware UK (AP4) 2023.0.135 2023.0.135 2025-05-218false2023-09-01No description of principal activity8truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03004545 2023-09-01 2024-08-31 03004545 2022-09-01 2023-08-31 03004545 2024-08-31 03004545 2023-08-31 03004545 c:Director1 2023-09-01 2024-08-31 03004545 d:MotorVehicles 2023-09-01 2024-08-31 03004545 d:MotorVehicles 2024-08-31 03004545 d:MotorVehicles 2023-08-31 03004545 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03004545 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03004545 d:OfficeEquipment 2023-09-01 2024-08-31 03004545 d:OfficeEquipment 2024-08-31 03004545 d:OfficeEquipment 2023-08-31 03004545 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03004545 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03004545 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 03004545 d:LeasedAssetsHeldAsLessee 2023-09-01 2024-08-31 03004545 d:Goodwill 2023-09-01 2024-08-31 03004545 d:Goodwill 2024-08-31 03004545 d:Goodwill 2023-08-31 03004545 d:CurrentFinancialInstruments 2024-08-31 03004545 d:CurrentFinancialInstruments 2023-08-31 03004545 d:Non-currentFinancialInstruments 2024-08-31 03004545 d:Non-currentFinancialInstruments 2023-08-31 03004545 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 03004545 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 03004545 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 03004545 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 03004545 d:ShareCapital 2024-08-31 03004545 d:ShareCapital 2023-08-31 03004545 d:RetainedEarningsAccumulatedLosses 2024-08-31 03004545 d:RetainedEarningsAccumulatedLosses 2023-08-31 03004545 c:FRS102 2023-09-01 2024-08-31 03004545 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 03004545 c:FullAccounts 2023-09-01 2024-08-31 03004545 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03004545 2 2023-09-01 2024-08-31 03004545 6 2023-09-01 2024-08-31 03004545 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-08-31 03004545 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-08-31 03004545 d:LeasedAssetsHeldAsLessee 2024-08-31 03004545 d:LeasedAssetsHeldAsLessee 2023-08-31 03004545 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 03004545










BUCKINGHAMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 August 2024

 
BUCKINGHAMS LIMITED
Registered number: 03004545

STATEMENT OF FINANCIAL POSITION
As at 31 August 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
89,531
110,886

  
89,531
110,886

Current assets
  

Debtors: amounts falling due within one year
 7 
49,057
74,405

Cash at bank and in hand
  
43,136
108,348

  
92,193
182,753

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(168,268)
(158,924)

Net current (liabilities)/assets
  
 
 
(76,075)
 
 
23,829

Total assets less current liabilities
  
13,456
134,715

Creditors: amounts falling due after more than one year
 9 
-
(21,538)

  

Net assets
  
13,456
113,177


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
13,256
112,977

  
13,456
113,177


Page 1

 
BUCKINGHAMS LIMITED
Registered number: 03004545
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 31 August 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






G J Burgoyne
Director

Date: 21 May 2025

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

1.


General information

Buckinghams Limited, (3004545), is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 Station Approach, Virginia Water, Surrey, GU25 4DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.8

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Motor vehicles
-
15% reducing balance
Office equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 5

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

2.Accounting policies (continued)

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that resylt in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 8 (2023 - 8).

Page 6

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 September 2023
680,000



At 31 August 2024

680,000



Amortisation


At 1 September 2023
680,000



At 31 August 2024

680,000



Net book value



At 31 August 2024
-



At 31 August 2023
-



Page 7

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 September 2023
274,070
221,517
495,587


Additions
-
11,920
11,920


Disposals
(25,124)
-
(25,124)



At 31 August 2024

248,946
233,437
482,383



Depreciation


At 1 September 2023
166,389
218,312
384,701


Charge for the year on owned assets
3,855
4,443
8,298


Charge for the year on financed assets
10,060
-
10,060


Disposals
(10,207)
-
(10,207)



At 31 August 2024

170,097
222,755
392,852



Net book value



At 31 August 2024
78,849
10,682
89,531



At 31 August 2023
107,681
3,205
110,886

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
57,005
67,065

57,005
67,065

Page 8

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

6.


Fixed asset investments





Listed investments

£





Additions
25


Disposals
(25)



At 31 August 2024
-





7.


Debtors

2024
2023
£
£


Trade debtors
72
27,822

Other debtors
12,500
-

Prepayments and accrued income
20,878
24,117

Deferred taxation
15,607
22,466

49,057
74,405



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
53,292
30,399

Corporation tax
44,646
39,455

Other taxation and social security
40,517
49,351

Obligations under finance lease and hire purchase contracts
21,538
25,203

Accruals and deferred income
8,275
14,516

168,268
158,924


Page 9

 
BUCKINGHAMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 August 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
-
21,538


A joint and several guarantee limited to £25,000 has been given by A Juddery and G J Burgoyne.


10.


Landlord Balances

At the year end, the company held funds on behalf of the landlords and tenants of £673,914 (2023: £709,741). This figure is not shown in the accounts as the funds do not belong to the company.

 
Page 10