JH BUCKERELL LTD


Director	HIBBERD, Joe Trevor Gordon


Registered Address	157 Topsham Road Topsham Road
	Exeter
	EX2 4SQ


Registered Number	12704515 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	20	-
Fixtures and fittings	15	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. During the year, the company wrote off loans totalling £33,761 (2024: £nil) advanced to companies in which the director held a shareholding. Those companies have since been dissolved or are in the process of liquidation and the amounts are considered irrecoverable. The write-off has been charged to administrative expenses in the profit and loss account. The amounts are not recoverable and no further obligation exists in respect of these balances.

Related parties

For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

During the year, the company wrote off loans totalling £33,761 (2024: £nil) advanced to companies in which the director held a shareholding. Those companies have since been dissolved or are in the process of liquidation and the amounts are considered irrecoverable. The write-off has been charged to administrative expenses in the profit and loss account. The amounts are not recoverable and no further obligation exists in respect of these balances.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 January 25	74,289	-	52,000	369	7,050	133,708
Additions	-	62,951	12,489	-	1,908	77,348
Disposals	(74,289)	-	-	-	-	(74,289)
At 31 December 25	-	62,951	64,489	369	8,958	136,767
Depreciation and impairment
At 01 January 25	14,858	-	27,625	162	5,067	47,712
Charge for year	-	6,560	7,396	56	1,255	15,267
On disposals	(14,858)	-	-	-	-	(14,858)
At 31 December 25	-	6,560	35,021	218	6,322	48,121
Net book value
At 31 December 25	-	56,391	29,468	151	2,636	88,646
At 31 December 24	59,431	-	24,375	207	1,983	85,996

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	62,049	16,893
Other debtors	391,557	35,200
Prepayments and accrued income	18,814	-
Total	472,420	52,093


	Included within other debtors is an amount of £342,991 (2024: £35,201) representing a loan advanced to a director of the company. The loan is unsecured and repayable on demand. Interest of £4,994 was charged on the loan during the year at the HMRC official rate of interest, which ranged between 2.25% and 3.75% during the period.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	138,275	20,908
Taxation and social security	276,185	98,886
Payments received on account	14,065	-
Finance lease and HP contracts	5,620	5,122
Other creditors	651	2,872
Accrued liabilities and deferred income	44,048	13,731
Total	478,844	141,519


	Included within finance lease and hire purchase contracts is a balance of £5,620 (2024: £5,122), secured against the asset to which it relates.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	24,045	28,968
Total	24,045	28,968


	Included within other creditors is a balance of £24,045 (2024: £28,968), secured against the asset to which it relates.

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	29,665		34,090

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	22,162	6,642
Total	22,162	6,642

9.	Description of reasons for any change in chosen formats of the financial statements
	The format of the financial statements has been updated in the current year to provide a more meaningful presentation of the company's results and financial position. Additional line items have been presented on the face of the profit and loss account to better reflect the nature of the company's income and expenditure as the business has grown in scale and complexity during the year. Comparative figures have been restated to reflect the revised presentation to the profit and loss account where applicable.

Description of reasons for any change in chosen formats of the financial statements

The format of the financial statements has been updated in the current year to provide a more meaningful presentation of the company's results and financial position. Additional line items have been presented on the face of the profit and loss account to better reflect the nature of the company's income and expenditure as the business has grown in scale and complexity during the year.

Comparative figures have been restated to reflect the revised presentation to the profit and loss account where applicable.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		88,646		85,996
			88,646		85,996
Current assets
Stocks		9,779		-
Debtors	4	472,420		52,093
Cash at bank and on hand		95,236		39,430
		577,435		91,523
Creditors amounts falling due within one year	5	(478,844)		(141,519)
Net current assets (liabilities)			98,591		(49,996)
Total assets less current liabilities			187,237		36,000
Creditors amounts falling due after one year	6		(24,045)		(28,968)
Provisions for liabilities	8		(22,162)		(6,642)
Net assets			141,030		390
Capital and reserves
Called up share capital			1		1
Profit and loss account			141,029		389
Shareholders' funds			141,030		390