REGISTERED NUMBER: 00440251 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

W. A. Buckland and Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N J L Harris

A K Goff

SECRETARY:

J E Harris

REGISTERED OFFICE:

7 - 11 The Pavement

Grovehill Road

Redhill

Surrey

RH1 6TW

REGISTERED NUMBER:

00440251 (England and Wales)

ACCOUNTANTS:

LJP Accounting Ltd

Barn Studios

Gaterounds

Parkgate Road

Newdigate

Surrey

RH5 5AJ

FIXED ASSETS

Tangible assets

4

54,135

76,225

CURRENT ASSETS

Stocks

36,316

39,386

Debtors

5

84,195

111,971

Cash at bank and in hand

29,773

34,682

150,284

186,039

CREDITORS

Amounts falling due within one year

6

167,291

173,547

NET CURRENT (LIABILITIES)/ASSETS

(17,007

)

12,492

TOTAL ASSETS LESS CURRENT LIABILITIES

37,128

88,717

CREDITORS

Amounts falling due after more than one year

7

(14,989

)

(46,070

)

PROVISIONS FOR LIABILITIES

(7,290

)

(6,084

)

NET ASSETS

14,849

36,563

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Retained earnings

12,849

34,563

SHAREHOLDERS' FUNDS

14,849

36,563

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

A K Goff - Director

1.	STATUTORY INFORMATION

W. A. Buckland and Sons 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.

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.

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 20% 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 Statement of Income and Retained Earnings, 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

143,970

Additions

30,641

Disposals

(45,194

)

At 28 February 2025

129,417

DEPRECIATION

At 1 March 2024

67,745

Charge for year

26,819

Eliminated on disposal

(19,282

)

At 28 February 2025

75,282

NET BOOK VALUE

At 28 February 2025

54,135

At 29 February 2024

76,225

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 March 2024

98,177

Additions

28,741

Disposals

(44,794

)

At 28 February 2025

82,124

DEPRECIATION

At 1 March 2024

34,553

Charge for year

22,391

Eliminated on disposal

(18,897

)

At 28 February 2025

38,047

NET BOOK VALUE

At 28 February 2025

44,077

At 29 February 2024

63,624

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,003

16,699

Other debtors

69,192

95,272

84,195

111,971

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,908

8,182

Trade creditors

82,976

107,467

Taxation and social security

28,235

45,251

Other creditors

38,172

2,647

167,291

173,547

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,500

12,500

Hire purchase contracts

12,489

33,570

14,989

46,070

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

20,397

41,752

Hire purchase contracts are secured on the assets acquired.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

N J L Harris

Balance outstanding at start of year

-

19,917

Amounts advanced

19,992

-

Amounts repaid

-

(19,917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,992

-

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N J L Harris.