Company No: 09440663 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	33,336		44,743
		33,336		44,743
Current assets
Stocks		4,000		5,000
Debtors	4	94,427		275,887
Cash at bank and in hand		65,628		96,871
		164,055		377,758
Creditors: amounts falling due within one year	5	( 49,795)		( 173,226)
Net current assets		114,260		204,532
Total assets less current liabilities		147,596		249,275
Creditors: amounts falling due after more than one year	6	( 27,016)		( 35,376)
Provision for liabilities		( 6,435)		( 9,287)
Net assets		114,145		204,612
Capital and reserves
Called-up share capital		100		100
Profit and loss account		114,045		204,512
Total shareholders' funds		114,145		204,612

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Buff Construction Limited (registered number: 09440663) were approved and authorised for issue by the Director. They were signed on its behalf by:

S J Whitmore Director

12 January 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buff Construction Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom. Its principal trading address is Dakota, Broad Lane, Little Plumstead, Norwich, NR13 5BZ.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Office equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks and work in progress are valued at actual cost. Cost comprises materials, direct labour, and an appropriate allocation of production overheads incurred in bringing the items to their present location and condition. No estimated selling price adjustment is applied, as valuation is based on actual incurred costs.

Provision is made for obsolete, slow-moving, or defective items where necessary. At each reporting date, an assessment is carried out to determine whether any impairment indicators exist. Where the carrying amount of stocks exceeds their recoverable amount, an impairment loss is recognised in profit or loss. Reversals of impairment losses are recognised when the conditions that caused the original impairment no longer exist.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2024	3,636		60,847		117		64,600
Disposals	( 1,278)		0		( 117)		( 1,395)
At 30 April 2025	2,358		60,847		0		63,205
Accumulated depreciation
At 01 May 2024	1,180		18,610		67		19,857
Charge for the financial year	614		10,559		12		11,185
Disposals	( 1,094)		0		( 79)		( 1,173)
At 30 April 2025	700		29,169		0		29,869
Net book value
At 30 April 2025	1,658		31,678		0		33,336
At 30 April 2024	2,456		42,237		50		44,743
Leased assets included above:
Net book value
At 30 April 2025	0		12,728		0		12,728
At 30 April 2024	0		16,971		0		16,971

4. Debtors

	2025		2024
	£		£
Trade debtors	21,508		50,290
Corporation tax	5,325		0
Other debtors	67,594		225,597
	94,427		275,887

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,514		5,514
Trade creditors	42,110		81,968
CIS withheld	3,540		2,978
Taxation and social security	0		75,987
Obligations under finance leases and hire purchase contracts	3,578		3,579
Other creditors	( 4,947)		3,200
	49,795		173,226

The company has entered into hire purchase agreements for certain items of property, plant and equipment. The obligations under these agreements are secured on the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	24,354		29,868
Obligations under finance leases and hire purchase contracts (secured)	2,662		5,508
	27,016		35,376

The company has entered into hire purchase agreements for certain items of property, plant and equipment. The obligations under these agreements are secured on the assets to which they relate.