C E Buggins & Co Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07017680 (England and Wales)

C E BUGGINS & CO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Farndon

G J Booth

C A Wilson

REGISTERED OFFICE:

33 Charlotte Road

Stirchley

Birmingham

West Midlands

B30 2BT

REGISTERED NUMBER:

07017680 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

114,456

113,405

114,456

113,405

CURRENT ASSETS

Stocks

1,450

Debtors

6

64,766

47,365

Cash at bank

71,921

84,116

138,137

132,931

CREDITORS

Amounts falling due within one year

7

55,812

47,542

NET CURRENT ASSETS

82,325

85,389

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,781

198,794

CREDITORS

Amounts falling due after more than one
year

8

3,886

-

NET ASSETS

192,895

198,794

CAPITAL AND RESERVES

Called up share capital

10

3

Retained earnings

11

192,892

198,791

SHAREHOLDERS' FUNDS

192,895

198,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 May 2026 and were signed on its behalf by:

C A Wilson - Director

1.	STATUTORY INFORMATION

C E Buggins & Co 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twelve years.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold prop

-

2% on cost

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

100,000

AMORTISATION

At 1 October 2024

and 30 September 2025

100,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

prop

machinery

vehicles

Totals

£

COST

At 1 October 2024

152,000

16,049

29,530

197,579

Additions

-

8,994

Disposals

-

(7,000

)

(7,000

)

At 30 September 2025

152,000

16,049

31,524

199,573

DEPRECIATION

At 1 October 2024

45,600

13,444

25,130

84,174

Charge for year

3,040

651

1,299

4,990

Eliminated on disposal

-

(4,047

)

(4,047

)

At 30 September 2025

48,640

14,095

22,382

85,117

NET BOOK VALUE

At 30 September 2025

103,360

1,954

9,142

114,456

At 30 September 2024

106,400

2,605

4,400

113,405

Fixed assets, included in the above, which are held under finance leases are as follows:

Motor

vehicles

£

COST

Additions

8,994

At 30 September 2025

8,994

DEPRECIATION

Charge for year

937

At 30 September 2025

937

NET BOOK VALUE

At 30 September 2025

8,057

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

63,985

46,368

Prepayments

781

997

64,766

47,365

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Finance leases (see note 9)

2,331

-

Trade creditors

4,634

7,061

Corporation tax

37,963

31,513

Social security and other taxes

3,505

2,818

Directors' loan accounts

762

Accrued expenses

6,617

5,388

55,812

47,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Finance leases (see note 9)

3,886

-

9.	LEASING AGREEMENTS

Minimum lease payments under finance leases fall due as follows:

Finance leases

30.9.25

30.9.24

£

Net obligations repayable:

Within one year

2,331

-

Between one and five years

3,886

-

6,217

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

3

Ordinary

£1

3

11.

RESERVES

Retained

earnings

£

At 1 October 2024

198,791

Profit for the year

112,601

Dividends

(118,500

)

At 30 September 2025

192,892

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by the three directors by virtue of their equal shareholdings.