Registration number: 06506507

Buckler Spencer Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Buckler Spencer Limited

Company Information

Directors

JM Buckler RJ Spencer TJ Spencer D C Bezant

Company secretary

A J Spencer

Registered office

The Old Police Station Church Street Swadlincote Derbyshire DE11 8LN

Accountants

Buckler Spencer Limited Old Police Station Church Street Swadlincote Derbyshire DE11 8LN

Buckler Spencer Limited

(Registration number: 06506507)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	230,108	248,978
Tangible assets	5	12,874	5,930
		242,982	254,908
Current assets
Stocks	6	225,855	218,529
Debtors	7	219,234	249,215
Cash at bank and in hand		176,924	194,878
		622,013	662,622
Creditors: Amounts falling due within one year	8	(592,557)	(629,777)
Net current assets		29,456	32,845
Total assets less current liabilities		272,438	287,753
Creditors: Amounts falling due after more than one year	8	(21,317)	(26,851)
Net assets		251,121	260,902
Capital and reserves
Called up share capital	9	250,101	250,101
Retained earnings		1,020	10,801
Shareholders' funds		251,121	260,902

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:
 

......................................... RJ Spencer Director

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
The Old Police Station
Church Street
Swadlincote
Derbyshire
DE11 8LN

The principal place of business is:
The Old Police Station
Church Street
Swadlincote
Derbyshire
DE11 8LN

These financial statements were authorised for issue by the Board on 29 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	at varying rates on cost
Other property, plant and equipment	at varying rates on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Over the calculated useful economic life of the goodwill

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised iat the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 17).

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 August 2024	633,365	633,365
At 31 July 2025	633,365	633,365
Amortisation
At 1 August 2024	384,387	384,387
Amortisation charge	18,870	18,870
At 31 July 2025	403,257	403,257
Carrying amount
At 31 July 2025	230,108	230,108
At 31 July 2024	248,978	248,978

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 August 2024	14,061	3,252	17,313
Additions	-	11,159	11,159
At 31 July 2025	14,061	14,411	28,472
Depreciation
At 1 August 2024	9,159	2,224	11,383
Charge for the year	1,170	3,045	4,215
At 31 July 2025	10,329	5,269	15,598
Carrying amount
At 31 July 2025	3,732	9,142	12,874
At 31 July 2024	4,902	1,028	5,930

6

Stocks

	2025 £	2024 £
Work in progress	225,855	218,529

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	197,409	226,357
Prepayments	9,838	10,871
Other debtors	11,987	11,987
	219,234	249,215

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	255,555	255,555
Trade creditors		9,026	10,384
Taxation and social security		98,724	114,144
Other creditors		229,252	249,694
		592,557	629,777

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	21,317	26,851

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A Ordinary of £1 each	30	30	30	30
B Ordinary of £1 each	30	30	30	30
C Ordinary of £1 each	30	30	30	30
D Ordinary of £1 each	3	3	3	3
E Ordinary of £1 each	3	3	3	3
F Ordinary of £1 each	3	3	3	3
Preference of £1 each	500,000	500,000	500,000	500,000
G Ordinary of £1 each	2	2	2	2
	500,101	500,101	500,101	500,101

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	21,317	26,851

Buckler Spencer Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,555	5,555
Redeemable preference shares	250,000	250,000
	255,555	255,555

11

Dividends

Any dividends declared in the period are disclosed in the Statement of Income and Retained Earnings.