Registered number
06290826
RJ & RA Buckley Limited
Filleted Accounts
31 January 2025
RJ & RA Buckley Limited
Registered number: 06290826
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 6,937 9,187
Tangible assets 4 1,125 1,324
8,062 10,511
Current assets
Stocks 54,415 55,555
Debtors 5 1,094 1,071
Cash at bank and in hand 33,140 32,216
88,649 88,842
Creditors: amounts falling due within one year 6 (125,028) (116,295)
Net current liabilities (36,379) (27,453)
Net liabilities (28,317) (16,942)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,417) (17,042)
Shareholders' funds (28,317) (16,942)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
R A Buckley
Director
Approved by the board on 20 June 2025
Notes to the Accounts
for the year ended 31 January 2025
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:
Plant and machinery 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2024 45,000
At 31 January 2025 45,000
Amortisation
At 1 February 2024 35,813
Provided during the year 2,250
At 31 January 2025 38,063
Net book value
At 31 January 2025 6,937
At 31 January 2024 9,187
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 7,944
At 31 January 2025 7,944
Depreciation
At 1 February 2024 6,620
Charge for the year 199
At 31 January 2025 6,819
Net book value
At 31 January 2025 1,125
At 31 January 2024 1,324
5 Debtors 2025 2024
£ £
Other debtors 1,094 1,071
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,770 3,702
Taxation and social security costs 4,796 3,912
Other creditors 114,462 108,681
125,028 116,295
7 Related party transactions 2025 2024
£ £
The directors are related parties to the company. At 31 January, the company owed the following short term loans to the related parties. The loans are repayable upon demand and are unsecured. Interest of 3% was paid to the related parties, calculated on the average annual balance.
Amount due to the related parties 112,138 106,456
8 Controlling party
The two directors are the controlling parties by virtue of their 100% ownership of the company's issued share capital.
9 Other information
RJ & RA Buckley Limited is a private company limited by shares and incorporated in England. Its registered office is:
89 Chorley Road
Swinton
Manchester
M27 4AA
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