| |
|
2026 |
|
2025 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
150,906 |
|
|
151,441 |
| Current assets |
|
83,158 |
|
|
83,397 |
|
| Creditors: amount falling due within one year |
|
(4,755) |
|
|
(4,889) |
|
|
Net current assets
|
|
|
78,403
|
|
|
78,508
|
|
Total assets less current liabilities
|
|
|
229,309 |
|
|
229,949 |
| Creditors: amount falling due after more than one year |
|
|
(18,430) |
|
|
(25,605) |
|
Net assets
|
|
|
210,879 |
|
|
204,344 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
210,879 |
|
|
204,344 |
| |
NOTES TO THE ACCOUNTS
General Information
VJ Buckman Limited is a private company, limited by shares, registered in England and Wales, registration number 04745728, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, IP30 9QS.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Land and Buildings |
0% Reducing Balance |
| Plant and Machinery |
25% Reducing Balance
|
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 May 2025 |
149,300 |
|
38,896 |
|
188,196 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 30 April 2026 |
149,300 |
|
38,896 |
|
188,196 |
| Depreciation |
| At 01 May 2025 |
- |
|
36,755 |
|
36,755 |
| Charge for year |
- |
|
535 |
|
535 |
| On disposals |
- |
|
- |
|
- |
| At 30 April 2026 |
- |
|
37,290 |
|
37,290 |
| Net book values |
| Closing balance as at 30 April 2026 |
149,300 |
|
1,606 |
|
150,906 |
| Opening balance as at 01 May 2025 |
149,300 |
|
2,141 |
|
151,441 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2025 : 2).
|
| 4. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2026
£ | | 2025
£ | | 2026
£ | | 2025
£ |
|---|
| Mr & Mrs V Buckman | (18,430) | | (23,574) | | - | | - |
There was an interest free loan to the company from the directors |
For the year ended 30 April 2026 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 24 August 2026 and were signed on its behalf by: --------------------------------
Vince Buckman
Director |
2
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