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Registered number: 01231339
Peter Buckley Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Proud Goulbourn
Office 16, Hamilton Davies House
117c Liverpool Road
Cadishead
Manchester
M44 5BG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01231339
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 55,819 65,779
Investment Properties 5 300,000 300,000
355,819 365,779
CURRENT ASSETS
Stocks 6 117,307 114,314
Debtors 7 615,062 695,798
Cash at bank and in hand 1,375 1,375
733,744 811,487
Creditors: Amounts Falling Due Within One Year 8 (323,973 ) (343,309 )
NET CURRENT ASSETS (LIABILITIES) 409,771 468,178
TOTAL ASSETS LESS CURRENT LIABILITIES 765,590 833,957
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,000 ) (30,018 )
NET ASSETS 752,590 803,939
CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Profit and Loss Account 737,590 788,939
SHAREHOLDERS' FUNDS 752,590 803,939
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 P Buckley
Director
20/06/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Peter Buckley Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01231339 . The registered office is 335 Ormskirk Road, Pemberton, Wigan, Lancs., WN5 9DL.
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
The turnover shown in the profit and loss account  represents amounts receivable from the PCT for dispensary services and over the counter cash sales from the chemist shop operated by the company.
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:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Impairment of fixed assets 
A review for indicators of impairment is carried out at each reporting date with the recoverable amount being estimated where such indicators exist. When the carrying value exceeds the recoverable amount the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.4. Investment Properties
Investment property is initially recorded at cost, and subsequently revalued to its fair value at each reporting date. Any changes in fair value are recognised in the Profit and Loss account.
2.5. Stocks and Work in Progress
Stocks are valued at cost using the latest cost price held by the professional stocktakers'. Obsolete stock is not included.
2.6. Financial Instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price.
2.7. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
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2.8. Pensions
The company operates a defined contribution pemsion scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss acount over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 22)
21 22
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 October 2023 23,330 270,453 293,783
As at 30 September 2024 23,330 270,453 293,783
Depreciation
As at 1 October 2023 22,403 205,601 228,004
Provided during the period 232 9,728 9,960
As at 30 September 2024 22,635 215,329 237,964
Net Book Value
As at 30 September 2024 695 55,124 55,819
As at 1 October 2023 927 64,852 65,779
If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost 23,330 270,453 293,783
Accumulated depreciation and impairment 22,635 215,329 237,964
Carrying amount 695 55,124 55,819
Page 4
Page 5
5. Investment Property
2024
£
Fair Value
As at 1 October 2023 and 30 September 2024 300,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 185,928 185,928
6. Stocks
2024 2023
£ £
Finished goods 117,307 114,314
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 182,291 192,147
Other debtors 432,771 503,651
615,062 695,798
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 148,323 159,204
Bank loans and overdrafts 48,944 15,639
Other creditors 94,319 135,227
Taxation and social security 32,387 33,239
323,973 343,309
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 48,944 15,639
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 15,000 15,000
Page 5
Page 6
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 26,750 26,750
26,750 26,750
12. Pension Commitments
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
Page 6