REGISTERED NUMBER: 03996819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J R BUCKETT AND SONS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr G E Buckett

Mr C C Hibberd

SECRETARY:

Mrs M L Hooper

REGISTERED OFFICE:

New Road

Brighstone

Isle of Wight

PO30 4BP

REGISTERED NUMBER:

03996819 (England and Wales)

ACCOUNTANTS:

Bright Brown Limited

Chartered Accountants

Exchange House

St. Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

4

106,894

86,227

Investments

5

680,000

-

786,894

86,227

CURRENT ASSETS

Stocks

7,300

7,300

Debtors

6

1,376,972

2,255,913

Cash at bank and in hand

850,062

422,676

2,234,334

2,685,889

CREDITORS

Amounts falling due within one year

7

996,326

956,651

NET CURRENT ASSETS

1,238,008

1,729,238

TOTAL ASSETS LESS CURRENT LIABILITIES

2,024,902

1,815,465

CREDITORS

Amounts falling due after more than one year

8

(8,333

)

(58,333

)

PROVISIONS FOR LIABILITIES

(22,560

)

(16,659

)

NET ASSETS

1,994,009

1,740,473

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,993,909

1,740,373

SHAREHOLDERS' FUNDS

1,994,009

1,740,473

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.

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 4 November 2025 and were signed on its behalf by:

Mr C C Hibberd - Director

Mr G E Buckett - Director

1.	STATUTORY INFORMATION

J R Buckett And Sons 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.

Construction contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probably that they will be recoverable.

The "percentage of completion method" is used to determine the appropriate amount to recognize in a given period. The stage of completion is measured by the Directors judgement based on the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs and to the proportion of contract valuations available at the year end compared to the estimated total contract values.

Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments and other assets depending on their nature, and provided it is probable they will be recovered.

Tangible fixed assets

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

Plant and machinery etc

-

100% on cost, 25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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.

Hire purchase and leasing commitments

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 29 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

340,542

Additions

60,370

Disposals

(38,669

)

At 31 March 2025

362,243

DEPRECIATION

At 1 April 2024

254,315

Charge for year

35,389

Eliminated on disposal

(34,355

)

At 31 March 2025

255,349

NET BOOK VALUE

At 31 March 2025

106,894

At 31 March 2024

86,227

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

680,000

At 31 March 2025

680,000

NET BOOK VALUE

At 31 March 2025

680,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

232,927

376,270

Amounts owed by group undertakings

1,093,596

-

Amounts recoverable on contract

38,342

85,598

Other debtors

12,107

1,794,045

1,376,972

2,255,913

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

50,000

50,000

Trade creditors

519,413

619,333

Taxation and social security

274,893

169,984

Other creditors

152,020

117,334

996,326

956,651

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

8,333

58,333

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr G E Buckett

Balance outstanding at start of year

4,417

1,932

Amounts advanced

-

5,594

Amounts repaid

(4,417

)

(3,109

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

4,417

Mr C C Hibberd

Balance outstanding at start of year

6,944

365

Amounts advanced

3,018

6,944

Amounts repaid

(6,944

)

(365

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,018

6,944