Buoy's Plaice Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10201927

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		103,283		131,847

			103,283		131,847
CURRENT ASSETS
Stocks	5	10,000		14,500
Debtors	6	67,806		96,060
Cash at bank and in hand		88,855		129,106

		166,661		239,666
Creditors: Amounts Falling Due Within One Year	7	(119,760 )		(81,821 )

NET CURRENT ASSETS (LIABILITIES)			46,901		157,845

TOTAL ASSETS LESS CURRENT LIABILITIES			150,184		289,692

Creditors: Amounts Falling Due After More Than One Year	8		(30,382 )		(59,614 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,347 )		(24,446 )

NET ASSETS			100,455		205,632

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			100,355		205,532

SHAREHOLDERS' FUNDS			100,455		205,632

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Buoy's Plaice Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Marco Teague

Director

08/09/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Buoy's Plaice Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10201927 . The registered office and principle place of business is 87 Southampton Road, Park Gate, Southampton, SO31 6AF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance
Motor Vehicles	20% reducing balance
Fixtures & Fittings	25% reducing balance

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.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Buoy's Plaice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 22 (2025: 24)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 April 2025	256,072
Additions	2,244
Disposals	(1,212 )

As at 31 March 2026	257,104

Depreciation
As at 1 April 2025	124,225
Provided during the period	30,110
Disposals	(514 )

As at 31 March 2026	153,821

Net Book Value
As at 31 March 2026	103,283

As at 1 April 2025	131,847

5. Stocks

	2026	2025
	£	£
Stock	10,000	14,500

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Buoy's Plaice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	-	8,420
Other debtors	67,806	87,640

	67,806	96,060

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	29,232	13,015
Trade creditors	30,578	23,752
Other creditors	1,800	1,850
Taxation and social security	58,150	43,204

	119,760	81,821

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	30,382	59,614

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
38 Ordinary A shares of £ 1.00 each	38	38
38 Ordinary B shares of £ 1.00 each	38	38
6 Ordinary C shares of £ 1.00 each	6	6
6 Ordinary D shares of £ 1.00 each	6	6
6 Ordinary E shares of £ 1.00 each	6	6
6 Ordinary F shares of £ 1.00 each	6	6

	100	100

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	36,000	29,666
Later than one year and not later than five years	144,000	-
Later than five years	99,000	-

	279,000	29,666

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Buoy's Plaice Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Marco Teague	25,620	27,470	(25,620 )	-	27,470
Mrs Claire Teague	25,619	27,470	(25,619 )	-	27,470

The above loan is unsecured, interest free and repayable on demand.

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