Engelmann & Buckham Limited 04273912 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is agents involved in the sale of machinery, industrial equipment, ships and aircraft Digita Accounts Production Advanced 6.30.9574.0 true true 04273912 2023-11-01 2024-10-31 04273912 2024-10-31 04273912 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2024-10-31 04273912 core:CurrentFinancialInstruments 2024-10-31 04273912 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 04273912 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 04273912 core:Goodwill 2024-10-31 04273912 core:FurnitureFittingsToolsEquipment 2024-10-31 04273912 core:MotorVehicles 2024-10-31 04273912 core:OtherPropertyPlantEquipment 2024-10-31 04273912 bus:SmallEntities 2023-11-01 2024-10-31 04273912 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04273912 bus:FullAccounts 2023-11-01 2024-10-31 04273912 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 04273912 bus:RegisteredOffice 2023-11-01 2024-10-31 04273912 bus:CompanySecretary1 2023-11-01 2024-10-31 04273912 bus:Director1 2023-11-01 2024-10-31 04273912 bus:Director2 2023-11-01 2024-10-31 04273912 bus:Director3 2023-11-01 2024-10-31 04273912 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04273912 core:Goodwill 2023-11-01 2024-10-31 04273912 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-01 2024-10-31 04273912 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 04273912 core:MotorVehicles 2023-11-01 2024-10-31 04273912 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 04273912 core:PlantMachinery 2023-11-01 2024-10-31 04273912 core:Vehicles 2023-11-01 2024-10-31 04273912 countries:England 2023-11-01 2024-10-31 04273912 2023-10-31 04273912 core:Goodwill 2023-10-31 04273912 core:FurnitureFittingsToolsEquipment 2023-10-31 04273912 core:MotorVehicles 2023-10-31 04273912 core:OtherPropertyPlantEquipment 2023-10-31 04273912 2022-11-01 2023-10-31 04273912 2023-10-31 04273912 core:CurrentFinancialInstruments 2023-10-31 04273912 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 04273912 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 04273912 core:Goodwill 2023-10-31 04273912 core:FurnitureFittingsToolsEquipment 2023-10-31 04273912 core:MotorVehicles 2023-10-31 04273912 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 04273912

Engelmann & Buckham Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Engelmann & Buckham Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Engelmann & Buckham Limited

Company Information

Directors

I M Buckham

M Lindsay

R Maclean

Company secretary

T Knowles

Registered office

Weybourne House
Lenten Street
Alton
Hampshire
GU34 1HH

Accountants

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

 

Engelmann & Buckham Limited

(Registration number: 04273912)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

421,098

467,002

Tangible assets

5

131,523

173,194

Other financial assets

6

100

100

 

552,721

640,296

Current assets

 

Stocks

7

222,296

246,171

Debtors

8

1,130,192

889,484

Cash at bank and in hand

 

190,904

121,179

 

1,543,392

1,256,834

Creditors: Amounts falling due within one year

9

(1,246,730)

(1,052,189)

Net current assets

 

296,662

204,645

Total assets less current liabilities

 

849,383

844,941

Creditors: Amounts falling due after more than one year

9

-

(6,667)

Net assets

 

849,383

838,274

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

848,383

837,274

Shareholders' funds

 

849,383

838,274

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Engelmann & Buckham Limited

(Registration number: 04273912)
Balance Sheet as at 31 October 2024

Approved and authorised by the Board on 25 July 2025 and signed on its behalf by:
 

.........................................
I M Buckham
Director

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Weybourne House
Lenten Street
Alton
Hampshire
GU34 1HH
England

These financial statements were authorised for issue by the Board on 25 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

over 3, 5 and 10 years

Motor vehicles

35% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Straight line over 20 years

Trademarks

Straight line over 10 years

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2023 - 24).

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

915,450

915,450

At 31 October 2024

915,450

915,450

Amortisation

At 1 November 2023

448,450

448,450

Amortisation charge

45,902

45,902

At 31 October 2024

494,352

494,352

Carrying amount

At 31 October 2024

421,098

421,098

At 31 October 2023

467,002

467,002

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

88,394

227,817

15,800

332,011

Additions

2,920

20,000

-

22,920

At 31 October 2024

91,314

247,817

15,800

354,931

Depreciation

At 1 November 2023

59,905

87,665

11,247

158,817

Charge for the year

9,863

53,720

1,008

64,591

At 31 October 2024

69,768

141,385

12,255

223,408

Carrying amount

At 31 October 2024

21,546

106,432

3,545

131,523

At 31 October 2023

28,489

140,152

4,553

173,194

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2023

100

100

At 31 October 2024

100

100

Impairment

Carrying amount

At 31 October 2024

100

100

7

Stocks

2024
£

2023
£

Other inventories

222,296

246,171

8

Debtors

2024
£

2023
£

Trade debtors

1,011,853

729,529

Prepayments

38,829

57,108

Other debtors

79,510

102,847

 

1,130,192

889,484

Less non-current portion

(182,002)

(123,487)

948,190

765,997

9

Creditors

Creditors: amounts falling due within one year

 

Engelmann & Buckham Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

100,013

3,379

Trade creditors

 

491,216

659,345

Taxation and social security

 

287,962

144,878

Accruals and deferred income

 

4,588

-

Other creditors

 

362,951

244,587

 

1,246,730

1,052,189

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

-

6,667

10

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Bank overdrafts

100,013

3,379