General Information
Buckland Civil Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 08004228, registration address Merlin House Brunel Road, Theale, Reading, Berkshire, RG7 4AB.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover represents net management charges to the company's subsidiary. Income is recognised on a monthly basis at the end of the month to which the management charge relates.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year and and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Creditors
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised cost using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 5 (2024 : 5).
|
| 3. |
Investments
| Cost |
Investments in group undertakings |
|
Total |
| |
£ |
|
£ |
| At 01 July 2024 |
4,026,017 |
|
4,026,017 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| Revaluations |
(1,550,000) |
|
(1,550,000) |
| At 30 June 2025 |
2,476,017 |
|
2,476,017 |
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Other Debtors |
18,000 |
|
15,000 |
|
18,000 |
|
15,000 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Amounts Owed to Group Undertakings |
688,265 |
|
683,265 |
| Corporation Tax |
114,971 |
|
77,356 |
| PAYE & Social Security |
611 |
|
623 |
| Other Creditors |
2,113 |
|
2,113 |
| Directors' Current Accounts |
17,442 |
|
9,442 |
| VAT |
21,483 |
|
22,650 |
|
844,885 |
|
795,449 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Preference Shares |
400,000 |
|
400,000 |
|
400,000 |
|
400,000 |
|
|
Director's Advances, Credits And Guarantees
At the year end, the following balances existed on a loan account with the directors.
J C Buckland - £1,442 in credit (2024 - £1,442 in credit)
S J Buckland - £16,000 in credit (2024 - £8,000 in credit)
The above loans are interest free with no fixed date of repayment.
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| 8. |
Related Party Disclosures
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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2
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