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08585054
2020-10-31
08585054
2019-11-01
2020-10-31
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2019-10-31
08585054
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2019-10-31
08585054
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08585054
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2020-10-31
08585054
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08585054
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08585054
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08585054
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08585054
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08585054
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08585054
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08585054
uk-core:WithinOneYear
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2020-10-31
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uk-bus:PrivateLimitedCompanyLtd
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2020-10-31
Registered Number:08585054 |
For the year ended 31 October 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2020
Buckley Developments Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Buckley Developments Ltd
Statement of Financial Position
2019
2020
Property, plant and equipment |
2,078,678
1,910,765
2
2,078,678
1,910,765
Trade and other receivables |
95,842
93,938
3
208,308
Cash and cash equivalents |
118,133
212,071
304,150
Trade and other payables: amounts falling due within one |
year |
(1,335,113)
(1,537,918)
4
(1,030,963)
(1,325,847)
Net current liabilities
Total assets less current liabilities |
752,831
879,802
Trade and other payables: amounts falling due after more |
than one year |
(216,027)
-
5
752,831
Net assets
663,775
2
2
752,829
663,773
752,831
663,775
Shareholders' funds
For the year ended 31 October 2020 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 of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 11 May 2021 and were signed by: |
The notes form part of these financial statements |
1 of 4
4
For the year ended 31 October 2020
Buckley Developments Ltd
Notes to the Financial Statements
Statutory Information
Buckley Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 08585054. |
3 Rossmere Avenue
Rochdale
Lancashire
OL11 4BT
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of rental income.
Property, plant and equipment
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: |
Plant and machinery
Computer equipment
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
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. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
2 of 4
5
For the year ended 31 October 2020
Buckley Developments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,147,411
4,859
998
332,972
1,808,582
302,809
-
-
44,872
257,937
377,844
998
4,859
2,450,220
2,066,519
Provision for depreciation and impairment |
236,646
3,855
998
175,534
56,259
Charge for year
134,896
360
-
70,611
63,925
371,542
4,215
998
246,145
120,184
1,946,335
131,699
-
644
2,078,678
1,752,323
157,438
-
1,004
1,910,765
3. Trade and other receivables |
2019
2020
74,588
74,299
19,350
21,543
95,842
93,938
4. Trade and other payables: amounts falling due within one year |
2019
2020
22,486
54,543
Taxation and social security |
65,082
83,492
1,450,350
1,197,078
1,537,918
1,335,113
Included within Other Creditors is an amount of £1,062,510 due to Buckley Transport Ltd, a company which is under the common control of the directors. |
5. Trade and other payables: amounts falling due after more than one year |
2019
2020
-
216,027
3 of 4
6
For the year ended 31 October 2020
Buckley Developments Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees was 0
4 of 4