ACCOUNTS - Final Accounts preparation

An analysis of turnover by class of business is as follows:

Registered number: 02730015

A J BUCKLEY ASSET MANAGEMENT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

TWP ACCOUNTING LLP

Chartered Accountants & Statutory Auditors

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

A J BUCKLEY ASSET MANAGEMENT LIMITED

COMPANY INFORMATION

Director	Paul George Willans


Registered number	02730015


Registered office	The Old Rectory
	Church Street
	Weybridge
	Surrey
	KT13 8DE


Independent auditor	TWP Accounting LLP
	Chartered Accountants & Statutory Auditors
	The Old Rectory
	Church Street
	Weybridge
	Surrey
	KT13 8DE

A J BUCKLEY ASSET MANAGEMENT LIMITED

CONTENTS

	Page
Strategic Report	1 - 2
Director's Report	3 - 4
Independent Auditor's Report	5 - 8
Statement of Comprehensive Income	9
Balance Sheet	10
Statement of Changes in Equity	11
Statement of Cash Flows	12 - 13
Analysis of Net Debt	13
Notes to the Financial Statements	14 - 22

A J BUCKLEY ASSET MANAGEMENT LIMITED

STRATEGIC REPORT

FOR THE YEAR ENDED 30 JUNE 2025

Introduction

The directors present their strategic report for the year ended 30 June 2025.

Business review

A J Buckley Asset Management Limited continues to operate as a regulated wealth management firm, offering objective investment management and financial planning services to individuals and trustees in the UK and internationally. The company’s business model is centred on long-term, contractual client relationships, with financial planning services provided exclusively to UK-resident clients.
The company derives income from:

∙Initial and ongoing discretionary investment management fees;

∙Advisory investment recommendations and implementation fees;

∙Financial planning consultancy services.

During the year, the company generated turnover of £327,462 (2024: £352,291), with a 4% rise in ongoing management fees. Despite a reduction in total income year-on-year, the company returned to profitability, reporting a profit after tax of £7,807 (2024: loss of £25,776). This reflects the benefits of internal restructuring and cost control measures.

Principal risks and uncertainties

The company remains exposed to external risks including:

∙Regulatory changes;

∙Macroeconomic factors (e.g. inflation, interest rates);

∙Geopolitical instability (e.g. Ukraine conflict, Middle East tensions and US tariffs).

Nonetheless, sufficient financial support is in place to ensure the business remains a going concern. The company is focused on growing turnover through continued marketing and business development initiatives.

Development and performance

The UK wealth management market remains competitive and continues to face regulatory and economic pressures. However, the company’s strategic investments in technology, marketing, and operational efficiency have begun to yield results.

Key developments include:

∙A return to profitability, with a net profit of £7,807 (2024: loss of £25,776);

∙A 15.4% reduction in administrative expenses, down to £320,493 (2024: £378,696);

∙A stable cash position of £140,205 at year-end (2024: £140,783);

∙Net assets increased to £152,122 (2024: £144,315), reflecting improved financial resilience.

The company is now well-positioned to capitalise on its strengthened operational base and growing pipeline of new business.

Page 1

A J BUCKLEY ASSET MANAGEMENT LIMITED

STRATEGIC REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Financial key performance indicators

The company monitors the following KPIs to assess financial performance:

.
	2025	2024	2023	2022
	£	£	£	£

Inital investment management fees	8,333	55,551	4,449	2,314
Ongoing investment management fees	300,477	287,829	309,964	360,402
Advisory fees	10,599	500	-	-
Execution-only fees	7	276	818	1,053
Legacy commisions	8,046	8,095	7,805	8,913
Accruals	-	-	-	-
Client disbursements	-	40	-	-
	327,462	352,291	323,036	372,682

Despite a 7.1% decrease in turnover compared to 2024, the company achieved a £33,583 improvement in net profit, driven by cost reductions and operational efficiencies.
The company enters the new financial year with a strong and growing pipeline of new business. This is expected to contribute positively to both assets under management and recurring income streams, reinforcing the company’s long-term revenue model. Management remains confident that the strategic investments made in recent years will continue to support sustainable growth, operational resilience, and improved profitability.

This report was approved by the board on 13 October 2025 and signed on its behalf.

................................................

Paul George Willans

Director

Page 2

A J BUCKLEY ASSET MANAGEMENT LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The director presents his report and the financial statements for the year ended 30 June 2025.

Principal activity

The principal activity of the company during the year was investment advice. This has been carried out in the United Kingdom, services being provided to residents, expatriates and foreign nationals. The company is permitted to hold client monies.

Results and dividends

The profit for the year, after taxation, amounted to £7,807 (2024 - loss £25,776).

Director

The director who served during the year was:

Paul George Willans

Director's responsibilities statement

The director is responsible for preparing the Strategic Report, the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the director is required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgments and accounting estimates that are reasonable and prudent;

∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

The director at the time when this Director's Report is approved has confirmed that:

∙so far as is aware, there is no relevant audit information of which the Company's auditor is unaware, and

∙ has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.

Page 3

A J BUCKLEY ASSET MANAGEMENT LIMITED

DIRECTOR'S REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Auditor

The auditor, TWP Accounting LLP, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 13 October 2025 and signed on its behalf.

................................................

Paul George Willans

Director

Page 4

A J BUCKLEY ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A J BUCKLEY ASSET MANAGEMENT LIMITED

Opinion

We have audited the financial statements of A J BUCKLEY ASSET MANAGEMENT LIMITED (the 'Company') for the year ended 30 June 2025, which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Cash Flows, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

∙give a true and fair view of the state of the Company's affairs as at 30 June 2025 and of its profit for the year then ended;

∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

∙have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The director is responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 5

A J BUCKLEY ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A J BUCKLEY ASSET MANAGEMENT LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

∙the information given in the Strategic Report and the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

∙the Strategic Report and the Director's Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Director's Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

∙the financial statements are not in agreement with the accounting records and returns; or

∙certain disclosures of director's remuneration specified by law are not made; or

∙we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Director's Responsibilities Statement set out on page 3, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 6

A J BUCKLEY ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A J BUCKLEY ASSET MANAGEMENT LIMITED (CONTINUED)

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

∙Obtain an understanding of the policies and procedures management have in place to detect and prevent fraud and non-compliance with laws and regulations

∙Enquire of management any cases of actual or suspected fraud and non-compliance with laws and regulations.

∙Enquire of management and those charged with governance around actual and potential litigation and claims.

∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

∙Assess the key risk areas within the financial statements which are susceptible to fraud or error and design our audit approach thereon

∙Perform substantive tests on a sample of transactions throughout the financial statements to ensure that no material errors have been identified

∙Perform cut off tests on a sample of transactions to ensure expenditure have been accounted for in the correct period

∙Review of after year end information to ensure expenditure have been accounted for in the correct period.

∙Perform analytical review procedures to identify any irregularities and investigation thereon

∙Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Page 7

A J BUCKLEY ASSET MANAGEMENT LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF A J BUCKLEY ASSET MANAGEMENT LIMITED (CONTINUED)

Paul Hawksley ACA MAAT CTA (Senior Statutory Auditor)

for and on behalf of

TWP Accounting LLP

Chartered Accountants & Statutory Auditors

The Old Rectory

Church Street

Weybridge

Surrey

KT13 8DE

15 October 2025

Page 8

A J BUCKLEY ASSET MANAGEMENT LIMITED

STATEMENT OF COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2025

	2025	2024
Note	£	£


Turnover	4	327,462	352,291
Gross profit		327,462	352,291
Administrative expenses		(319,933)	(378,696)
Other operating income		-	8
Operating profit/(loss)	5	7,529	(26,397)
Amounts written off investments		264	867
Interest receivable and similar income	9	574	14
Interest payable and similar expenses		(560)	(1,146)
Profit/(loss) before tax		7,807	(26,662)
Tax on profit/(loss)	10	-	886
Profit/(loss) for the financial year		7,807	(25,776)

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 14 to 22 form part of these financial statements.

Page 9

A J BUCKLEY ASSET MANAGEMENT LIMITED

REGISTERED NUMBER: 02730015

BALANCE SHEET

AS AT 30 JUNE 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	11		5,670		6,188
			5,670		6,188
Current assets
Debtors: amounts falling due within one year	12	38,039		37,810
Current asset investments	13	2,608		2,344
Cash at bank and in hand	14	140,205		140,783
		180,852		180,937
Creditors: amounts falling due within one year	15	(34,400)		(42,810)
Net current assets			146,452		138,127
Total assets less current liabilities			152,122		144,315

Net assets			152,122		144,315

Capital and reserves
Called up share capital	16	8,286	8,286
Share premium account	17	53,482	53,482
Profit and loss account	17	90,354	82,547
		152,122	144,315

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 October 2025.

................................................

Paul George Willans

Director

The notes on pages 14 to 22 form part of these financial statements.

Page 10


		A J BUCKLEY ASSET MANAGEMENT LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2025

	Called up share capital	Share premium account	Profit and loss account	Total equity
	£	£	£	£
At 1 July 2023	8,286	53,482	108,323	170,091

Loss for the year	-	-	(25,776)	(25,776)

At 1 July 2024	8,286	53,482	82,547	144,315

Profit for the year	-	-	7,807	7,807
At 30 June 2025	8,286	53,482	90,354	152,122

The notes on pages 14 to 22 form part of these financial statements.

Page 11

A J BUCKLEY ASSET MANAGEMENT LIMITED

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

			2025	2024
			£	£

Cash flows from operating activities
Profit/(loss) for the financial year	7,807	(25,776)
Adjustments for:
Depreciation of tangible assets	1,418	1,506
Interest paid	-	1,146
Interest received	(574)	(14)
Taxation charge	-	(886)
Decrease in debtors	6,508	19
(Decrease)/increase in creditors	(17,400)	1,338
Corporation tax received	1,725	886
Net cash generated from operating activities	(516)	(21,781)

Cash flows from investing activities
Purchase of tangible fixed assets	(900)	(908)
Gain of listed investments	264	867
Interest received	574	14
Net cash from investing activities	(62)	(27)

Page 12

A J BUCKLEY ASSET MANAGEMENT LIMITED

STATEMENT OF CASH FLOWS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

		2025	2024
		£	£


Cash flows from financing activities
Repayment of loans	-	(94,805)
Interest paid	-	(1,146)
Net cash used in financing activities	-	(95,951)
Net (decrease) in cash and cash equivalents	(578)	(117,759)
Cash and cash equivalents at beginning of year	140,783	258,542
Cash and cash equivalents at the end of year	140,205	140,783

Cash and cash equivalents at the end of year comprise:
Cash at bank and in hand	140,205	140,783
	140,205	140,783

ANALYSIS OF NET DEBT

FOR THE YEAR ENDED 30 JUNE 2025


At 1 July 2024	Cash flows	At 30 June 2025
£	£	£

Cash at bank and in hand	140,783	(578)	140,205
	140,783	(578)	140,205

The notes on pages 14 to 22 form part of these financial statements.

Page 13

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1.	General information

A J Buckley Asset Management Limited is incorporated in England and Wales and limited by shares. The address of the registered office is given in the company information on page of these financial statements. The place of business is East Street, Alresford, Hampshire, SO24 9EE.
The principal activity of the company during the year was investment advice. This has been carried out in the United Kingdom, services being provided to residents, expatriates and foreign nationals. The company is permitted to hold client monies.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Going concern

During the year, the company made profit before tax of £7,807 and at the balance sheet date, the company had shareholders’ funds of £152,122.
In recent periods, the company has experienced notable growth in new business following sustained internal investment and the development of a dedicated wealth management proposition. As a result, assets under management have increased, and the organisation’s overall financial position has stabilised.
The director has presented cash flow forecasts which indicate that, owing to a combination of rising turnover and reduced expenditure, the company’s cash flow position is showing marked improvement. These forecasts further demonstrate that the company will be able to meet its liabilities as they become due over the next twelve months.
On the basis of these positive developments and forecasts, the company continues to prepare its annual financial statements using the going concern basis of accounting.

2.3

Revenue

Turnover comprises revenue recognised by the company in respect of discretionary investment services supplied to clients during the year, with fees met from client asset balances held on the Novia, Praemium and Credo international platform facility. Initial fees, commissions and ongoing advice fees are recognised on fulfilment of any financial planning advisory, initial or transactional services performance obligations. The performance obligations are satisfied over time.
Services invoiced in later periods that relate to services supplied during the year are accrued and included within debtors.

Page 14

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Equipment

20%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 15

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

2.8

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.9

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, less any impairment.

2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant.
The estimates and underlying assumptions are reviewed on an ongoing basis.

Page 16

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Discretionary investment services	327,462	352,291
	327,462	352,291

Analysis of turnover by country of destination:

					2025	2024
					£	£

United Kingdom	98,732	107,633
Africa	228,730	244,658
	327,462	352,291

Other operating lease rentals

7,500

5,800

Auditor's remuneration

8,975

8,600

Page 17

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Wages and salaries	178,859	224,602
Social security costs	16,928	23,398
Cost of defined contribution scheme	17,994	22,423
	213,781	270,423

The average monthly number of employees, including the director, during the year was as follows:

	2025	2024
	No.	No.

Average number of employees	2	2

8.	Director's remuneration
		2025	2024
		£	£

Director's emoluments	115,703	150,090
Company contributions to defined contribution pension schemes	11,649	14,895
	127,352	164,985

During the year retirement benefits were accruing to no directors (2024 - NIL) in respect of defined contribution pension schemes.

9.	Interest receivable
		2025	2024
		£	£

	Other interest receivable	574	14
		574	14

Page 18

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Corporation tax
Adjustments in respect of previous periods	-	(886)

Total current tax	-	(886)

	Deferred tax
	Total deferred tax	-	-


	Taxation on profit/(loss) on ordinary activities	-	(886)

Profit/(loss) on ordinary activities before tax

7,807

(26,662)

Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)	(1,952)	(6,666)
Effects of:
Expenses not deductible for tax purposes, other than goodwill amortisation and impairment	-	114
Rebates from HMRC	-	(886)
Unrelieved tax losses carried forward	1,952	6,552
Total tax charge for the year	-	(886)

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 19

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

11.	Tangible fixed assets

		Equipment
		£
	Cost or valuation
	At 1 July 2024	16,644
	Additions	900
	At 30 June 2025	17,544
	Depreciation
	At 1 July 2024	10,456
	Charge for the year on owned assets	1,418
	At 30 June 2025	11,874
	Net book value
	At 30 June 2025	5,670
	At 30 June 2024	6,188

12.

Debtors

					2025	2024
					£	£


Trade debtors	511	511
Other debtors	3,025	1,300
Prepayments and accrued income	34,503	35,999
	38,039	37,810

13.	Current asset investments
		2025	2024
		£	£

Listed investments	2,608	2,344
	2,608	2,344

Page 20

A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

14.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	140,205	140,783
	140,205	140,783

15.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	761	1,032
Other taxation and social security	6,938	12,516
Other creditors	7,369	11,356
Accruals and deferred income	19,332	17,906
	34,400	42,810

16.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

828,563 (2024 - 828,563) Ordinary shares of £0.01 each	8,286	8,286

17.

Reserves

Share premium account

The share premium account represents the premium arising on the issue of shares net of issue costs.

Profit and loss account

The profit and loss account represents profit net of adjustments. No dividend was declared.

18.	Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £17,994 (2024 - £22,423) Contributions totalling £nil (2024 - £nil) were payable to the fund at the balance sheet date.

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A J BUCKLEY ASSET MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Not later than 1 year	5,500	5,100
Later than 1 year and not later than 5 years	6,800	11,900
	12,300	17,000

20.	Controlling party

P G Willans has ultimate control of the company by virtue of majority shareholding of the company.

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