REGISTERED NUMBER: 12453996 (England and Wales)

Financial Statements

For The Year Ended 31 March 2025

for

J S & J Buckley Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J S Buckley

Mrs J Buckley

SECRETARY:

Mrs J Buckley

REGISTERED OFFICE:

Froghall Farm

Howsham

MARKET RASEN

Lincolnshire

LN7 6LF

REGISTERED NUMBER:

12453996 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

1,028,481

1,088,064

CURRENT ASSETS

Stocks

347,087

148,439

Debtors

76,627

71,842

423,714

220,281

CREDITORS

Amounts falling due within one year

950,872

650,352

NET CURRENT LIABILITIES

(527,158

)

(430,071

)

TOTAL ASSETS LESS CURRENT LIABILITIES

501,323

657,993

CREDITORS

Amounts falling due after more than one year

467,202

647,058

NET ASSETS

34,121

10,935

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

34,021

10,835

34,121

10,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by:

Mrs J Buckley - Director

1.	STATUTORY INFORMATION

J S & J Buckley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% on reducing balance and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,506,129

Additions

224,702

Disposals

(85,209

)

At 31 March 2025

1,645,622

DEPRECIATION

At 1 April 2024

418,065

Charge for year

238,463

Eliminated on disposal

(39,387

)

At 31 March 2025

617,141

NET BOOK VALUE

At 31 March 2025

1,028,481

At 31 March 2024

1,088,064

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 April 2024

489,300

Additions

51,000

At 31 March 2025

540,300

DEPRECIATION

At 1 April 2024

149,005

Charge for year

108,060

At 31 March 2025

257,065

NET BOOK VALUE

At 31 March 2025

283,235

At 31 March 2024

340,295

5.	RELATED PARTY DISCLOSURES