2023-11-01 08585054 2024-10-31 08585054 2023-11-01 2024-10-31 08585054 2023-10-31 08585054 2022-11-01 2023-10-31 08585054 uk-core:WithinOneYear 2023-10-31 08585054 uk-core:WithinOneYear 2024-10-31 08585054 uk-core:ShareCapital 2024-10-31 08585054 uk-core:ShareCapital 2023-10-31 08585054 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 08585054 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 08585054 uk-bus:Director1 2023-11-01 2024-10-31 08585054 uk-core:PlantMachinery 2023-11-01 2024-10-31 08585054 uk-core:ToolsEquipment 2023-11-01 2024-10-31 08585054 uk-core:FurnitureFittings 2023-11-01 2024-10-31 08585054 uk-core:FurnitureFittings 2023-10-31 08585054 uk-core:PlantMachinery 2023-10-31 08585054 uk-core:Buildings 2023-10-31 08585054 uk-core:Buildings 2023-11-01 2024-10-31 08585054 uk-core:Buildings 2024-10-31 08585054 uk-core:PlantMachinery 2024-10-31 08585054 uk-core:FurnitureFittings 2024-10-31 iso4217:GBP xbrli:pure 08585054 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08585054 uk-bus:FRS102 2023-11-01 2024-10-31 08585054 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 08585054 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Buckley Developments Ltd
Registered Number:08585054
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Buckley Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08585054
As at 31 October 2024
Buckley Developments Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,385,051
2,122,572
2
2,385,051
2,122,572
Current assets
Inventories
-
2,000
3
Trade and other receivables
294,994
227,382
4
357,164
Cash and cash equivalents
195,157
424,539
652,158
Trade and other payables: amounts falling due within one
year
(1,167,515)
(1,027,678)
5
(515,357)
(603,139)
Net current liabilities
Total assets less current liabilities
1,781,912
1,607,215
1,781,912
Net assets
1,607,215
Capital and reserves
Called up share capital
2
2
Retained earnings
1,781,910
1,607,213
1,781,912
1,607,215
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
G T Buckley Director
These financial statements were approved and authorised for issue by the Board on 09 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Buckley Developments Ltd
Notes to the Financial Statements
Statutory Information
Buckley Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08585054.
Registered address:
3 Rossmere Avenue
Rochdale
Lancashire
OL11 4BT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of rental income.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% per annum on cost
33% per annum on cost
Computer equipment
20% per annum on cost
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 October 2024
Buckley Developments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2023
2,906,738
5,667
620,279
2,280,792
410,480
27,348
37,877
345,255
Additions
-
(332,972)
-
Disposals
(332,972)
At 31 October 2024
2,626,047
325,184
33,015
2,984,246
Provision for depreciation and impairment
At 01 November 2023
784,166
3,650
421,526
358,990
Charge for year
148,001
6,576
61,589
79,836
(332,972)
-
(332,972)
-
On disposal
At 31 October 2024
599,195
10,226
150,143
438,826
At 31 October 2024
Net book value
2,187,221
175,041
22,789
2,385,051
At 31 October 2023
1,921,802
198,753
2,017
2,122,572
3. Inventories
2023
2024
£
£
Stocks
2,000
-
4. Trade and other receivables
2023
2024
£
£
Trade debtors
51,607
109,107
Other debtors
175,775
185,887
294,994
227,382
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
101,013
241,349
Taxation and social security
121,774
48,458
Other creditors
804,891
877,708
1,027,678
1,167,515
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6
For the year ended 31 October 2024
Buckley Developments Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 0
4 of 4