Buscott Woodworking Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07746513

Buscott Woodworking Limited

Filleted Unaudited Financial Statements

For the year ended

31 August 2025

Buscott Woodworking Limited

Financial Statements

Year ended 31st August 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Buscott Woodworking Limited

Officers and Professional Advisers

The board of directors	Mr A Fouracre
	Mr J Owen
	Mr A Butterell

Registered office	Buscott Farm
	Station Road
	Ashcott
	Bridgwater
	Somerset
	TA7 9QP

Accountants	Chalmers HB Ltd
	Chartered Accountants
	20 Chamberlain Street
	Wells
	Somerset BA5 2PF

Buscott Woodworking Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		85,054	93,890

Current assets

Stocks		371,166	363,274
Debtors	6	408,622	296,041
Cash at bank and in hand		5,705	200
		---------	---------
		785,493	659,515

Creditors: amounts falling due within one year	7	663,104		338,543
		---------		---------
Net current assets			122,389	320,972
			---------	---------
Total assets less current liabilities			207,443	414,862

Creditors: amounts falling due after more than one year	8	250,333	459,208
		---------	---------
Net liabilities		( 42,890)	( 44,346)
		---------	---------

Capital and reserves

Called up share capital	102	102
Profit and loss account	( 42,992)	( 44,448)
	--------	--------
Shareholders deficit	( 42,890)	( 44,346)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st August 2025 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 financial statements for the year in question in accordance with section 476 ;

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

Buscott Woodworking Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr A Fouracre	Mr J Owen
Director	Director

Mr A Butterell
Director

Company registration number: 07746513

Buscott Woodworking Limited

Notes to the Financial Statements

Year ended 31st August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Buscott Farm, Station Road, Ashcott, Bridgwater, Somerset, TA7 9QP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Tenants Improvements	-	15 Yrs Straight line
Plant and Machinery	-	15% reducing balance
Fixtures and Fittings	-	25% reducing balance
Equipment	-	33% 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. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 8 ).

5. Tangible assets

	Tenants Improvements	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1st September 2024	106,902	144,795	3,938	25,812	281,447
Additions	–	3,802	213	1,379	5,394
	---------	---------	-------	--------	---------
At 31st August 2025	106,902	148,597	4,151	27,191	286,841
	---------	---------	-------	--------	---------
Depreciation
At 1st September 2024	46,024	117,988	3,384	20,161	187,557
Charge for the year	7,127	4,591	192	2,320	14,230
	---------	---------	-------	--------	---------
At 31st August 2025	53,151	122,579	3,576	22,481	201,787
	---------	---------	-------	--------	---------
Carrying amount
At 31st August 2025	53,751	26,018	575	4,710	85,054
	---------	---------	-------	--------	---------
At 31st August 2024	60,878	26,807	554	5,651	93,890
	---------	---------	-------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	15,130	111,839
Other debtors	393,492	184,202
	---------	---------
	408,622	296,041
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	408,032	226,776
Trade creditors	108,478	65,564
Corporation tax	96,725	3,070
Social security and other taxes	31,655	21,397
Other creditors	18,214	21,736
	---------	---------
	663,104	338,543
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	250,333	459,208
	---------	---------

9. Other financial commitments

The total amount of financial commitments, guarantees and contingencies that are not provided for is £ 67,361 (2024: £50,843).

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr A Fouracre	56,432	34,544	90,976
Mr J Owen	56,774	35,134	91,908
Mr A Butterell	61,787	35,630	97,417
	---------	---------	---------
	174,993	105,308	280,301
	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr A Fouracre	8,363	48,069	56,432
Mr J Owen	9,401	47,373	56,774
Mr A Butterell	12,471	49,316	61,787
	--------	---------	---------
	30,235	144,758	174,993
	--------	---------	---------

11. Related party transactions

The company was under the control of Mr A Fouracre , Mr J Owen and Mr A Butterell throughout the current year. Mr Fouracre, Mr Owen and Mr Butterell are the directors and each owned a 33.33% shareholding at the year end.