REGISTERED NUMBER: 00975615 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Buffery And Son Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

1

1

Tangible assets

6

1,411

1,391

Investment property

7

800,000

800,000

801,412

801,392

Current assets

Debtors

8

199,749

2,284

Cash at bank

369,706

7,276

569,455

9,560

Creditors

Amounts falling due within one year

9

(68,281

)

(20,924

)

Net current assets/(liabilities)

501,174

(11,364

)

Total assets less current liabilities

1,302,586

790,028

Creditors

Amounts falling due after more than one year

10

(531,460

)

-

Provisions for liabilities

(169,951

)

(169,862

)

Net assets

601,175

620,166

Capital and reserves

Called up share capital

40,000

40,000

Other reserves

574,235

574,235

Retained earnings

(13,060

)

5,931

601,175

620,166

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

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

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

Mrs A M Moyle - Director

1.	Statutory information

Buffery And Son Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00975615

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Goodwill

Goodwill has been amortised down to a nominal value.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% p.a. reducing balance

Computer equipment

-

33% on cost

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 impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 end 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.

Cash and cash equivalents

Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short term high liquid investments with original maturities of three months or less.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 February 2024

and 31 January 2025

1

Net book value

At 31 January 2025

1

At 31 January 2024

1

6.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 February 2024

21,166

3,803

24,969

Additions

-

657

657

Disposals

(19,716

)

(1,974

)

(21,690

)

At 31 January 2025

1,450

2,486

3,936

Depreciation

At 1 February 2024

20,225

3,353

23,578

Charge for year

188

438

626

Eliminated on disposal

(19,705

)

(1,974

)

(21,679

)

At 31 January 2025

708

1,817

2,525

Net book value

At 31 January 2025

742

669

1,411

At 31 January 2024

941

450

1,391

7.	Investment property

Total

£

Fair value

At 1 February 2024

and 31 January 2025

800,000

Net book value

At 31 January 2025

800,000

At 31 January 2024

800,000

8.

Debtors: amounts falling due within one year

31.1.25

31.1.24

£

£

Other debtors

199,749

2,284

9.

Creditors: amounts falling due within one year

31.1.25

31.1.24

£

£

Bank loans and overdrafts

39,927

-

Trade creditors

8,357

-

Taxation and social security

4,248

6,323

Other creditors

15,749

14,601

68,281

20,924

10.

Creditors: amounts falling due after more than one year

31.1.25

31.1.24

£

£

Bank loans

531,460

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yrs

371,752

-

11.	Director's advances, credits and guarantees

During the year there were net transactions with a director of £197,476 (2024 - £3). As at the balance sheet date £197,473 was owed to the company by the director (2024 - £3) was owed to the director by the company. The loan is subject to interest charges and was repaid within 9 months of the year end.

12.	Related party disclosures

No further transactions with related parties were undertaken that require to be disclosed under FRS 102 Section 1A.