Buffery & Co. Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03035378 (England and Wales)

Financial Statements

for the Year Ended 28th February 2025

for

Buffery & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Buffery

SECRETARY:

Mrs K A Buffery

REGISTERED OFFICE:

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

REGISTERED NUMBER:

03035378 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

Chiltern House

45 Station Rd

Henley On Thames

Oxfordshire

RG9 1AT

FIXED ASSETS

Intangible assets

4

149,666

Tangible assets

5

-

Investments

6

1,434

151,100

CURRENT ASSETS

Stocks

-

91,842

Debtors

7

228,526

160,295

Cash at bank and in hand

105,913

62,181

334,439

314,318

CREDITORS

Amounts falling due within one year

8

123,449

124,475

NET CURRENT ASSETS

210,990

189,843

TOTAL ASSETS LESS CURRENT
LIABILITIES

362,090

340,943

CREDITORS

Amounts falling due after more than one
year

9

-

14,277

NET ASSETS

362,090

326,666

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

11

361,090

325,666

SHAREHOLDERS' FUNDS

362,090

326,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 8th November 2025 and were signed by:

M C Buffery - Director

1.	STATUTORY INFORMATION

Buffery & 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 represents the value of practices purchased in 2009. The goodwill which could be written down against tax has not been fully amortised. The balance in the accounts represents goodwill which if amortised is not allowable against tax. This element has not been amortised, since the director considers that the inherent value of the goodwill in the practice significantly exceeds this amount.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Assets purchased for under £750 are fully depreciated in the first year

Other assets are depreciated over approximately three years.

Work in progress

Work in progress represents the estimated value of work done on behalf of clients which has not been invoiced at the year end.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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

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 4 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2024

and 28th February 2025

542,889

AMORTISATION

At 1st March 2024

and 28th February 2025

393,223

NET BOOK VALUE

At 28th February 2025

149,666

At 29th February 2024

149,666

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1st March 2024

and 28th February 2025

2,006

24,008

26,014

DEPRECIATION

At 1st March 2024

and 28th February 2025

2,006

24,008

26,014

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

-

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

28.2.25

29.2.24

£

No description

1,434

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Trade debtors

55,015

50,324

Other debtors

-

2,225

Directors' current accounts

173,511

107,746

228,526

160,295

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

Debentures

8,057

18,360

Tax

75,231

68,365

Social security and other taxes

4,078

VAT

36,083

33,672

123,449

124,475

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.25

29.2.24

£

Debentures - 1-2 years

-

14,277

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

1,000

Ordinary

£1

1,000

11.

RESERVES

Retained

earnings

£

At 1st March 2024

325,666

Profit for the year

210,424

Dividends

(175,000

)

At 28th February 2025

361,090

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Advances and credits to the other shareholder and the director a director subsisted during the years ended 28th February 2025 and 29th February 2024:

28.2.25

29.2.24

£

M C Buffery

Balance outstanding at start of year

102,198

163,925

Amounts advanced

68,538

181,469

Amounts repaid

(170,736

)

(243,196

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

102,198

The outstanding loan account was settled by way of dividend declared in April 2024.