Buckstone Group Limited
|
Registered number: |
05112029
|
Balance Sheet |
as at 31 October 2017
|
|
Notes |
|
|
2017 |
|
|
2016 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
613,383 |
|
|
635,079 |
|
Current assets |
Stocks |
|
|
149,253 |
|
|
246,451 |
Debtors |
3 |
|
4,350 |
|
|
152,767 |
Cash at bank and in hand |
|
|
8,345 |
|
|
24,471 |
|
|
|
161,948 |
|
|
423,689 |
|
Creditors: amounts falling due within one year |
4 |
|
(517,042) |
|
|
(674,412) |
|
Net current liabilities |
|
|
|
(355,094) |
|
|
(250,723) |
|
Total assets less current liabilities |
|
|
|
258,289 |
|
|
384,356 |
|
|
Provisions for liabilities |
|
|
|
(101,072) |
|
|
(106,787) |
|
|
Net assets |
|
|
|
157,217 |
|
|
277,569 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
500,000 |
|
|
500,000 |
Profit and loss account |
|
|
|
(342,783) |
|
|
(222,431) |
|
Shareholders' funds |
|
|
|
157,217 |
|
|
277,569 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
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.
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
|
|
M Dugdale |
Director |
Approved by the board on 15 March 2018
|
|
Buckstone Group Limited
|
Notes to the Accounts |
for the year ended 31 October 2017
|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Freehold Property |
2% straight line |
|
Plant and machinery |
10-25% straight line |
|
Freehold land is not depreciated. |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value.
|
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
|
|
2 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 November 2016 |
685,000 |
|
232,870 |
|
917,870 |
|
Additions |
- |
|
2,557 |
|
2,557 |
|
At 31 October 2017 |
685,000 |
|
235,427 |
|
920,427 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2016 |
71,400 |
|
211,391 |
|
282,791 |
|
Charge for the year |
12,600 |
|
11,653 |
|
24,253 |
|
At 31 October 2017 |
84,000 |
|
223,044 |
|
307,044 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2017 |
601,000 |
|
12,383 |
|
613,383 |
|
At 31 October 2016 |
613,600 |
|
21,479 |
|
635,079 |
|
Included in land and buildings is freehold land of £55,000 (2016: £55,000) which is not depreciated. |
|
|
3 |
Debtors |
2017 |
|
2016 |
£ |
£ |
|
|
Trade debtors |
2,834 |
|
120,652 |
|
Other debtors |
1,516 |
|
32,115 |
|
|
|
|
|
|
4,350 |
|
152,767 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
£ |
£ |
|
|
Trade creditors |
108,495 |
|
181,332 |
|
Taxation and social security costs |
133,885 |
|
67,345 |
|
Other creditors |
274,662 |
|
425,735 |
|
|
|
|
|
|
517,042 |
|
674,412 |
|
|
|
|
|
|
|
|
|
|
5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
M Dugdale
|
|
Director's Loan
|
240,086 |
|
10,799 |
|
(22,120) |
|
228,765 |
|
|
K Dugdale (resigned 11 January 2018)
|
|
Director's Loan
|
10,000 |
|
- |
|
- |
|
10,000 |
|
|
|
250,086 |
|
10,799 |
|
(22,120) |
|
238,765 |
|
|
|
|
|
|
|
|
|
|
6 |
Controlling party |
|
|
The company considers the ultimate controlling party to be M Dugdale, a director.
|
|
|
7 |
Other information |
|
|
Buckstone Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Trent Mill Industrial Estate |
|
Duchess Street |
|
Shaw |
|
Oldham |
|
OL2 7UT |