Bucks Concrete Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11923085 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

BUCKS CONCRETE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C T Good

J L O'Regan

SECRETARY:

REGISTERED OFFICE:

Former Meadhams Brickwork Blackwell Hall

Lane

Ley Hill

Chesham

HP5 1UN

REGISTERED NUMBER:

11923085 (England and Wales)

ACCOUNTANTS:

Tish Press & Company

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

FIXED ASSETS

Tangible assets

4

44,937

56,887

CURRENT ASSETS

Stocks

-

18,450

Debtors

5

1,035,293

940,990

Cash at bank

159,250

39,988

1,194,543

999,428

CREDITORS

Amounts falling due within one year

6

2,773,098

2,271,480

NET CURRENT LIABILITIES

(1,578,555

)

(1,272,052

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,533,618

)

(1,215,165

)

CREDITORS

Amounts falling due after more than one year

7

48,436

50,000

NET LIABILITIES

(1,582,054

)

(1,265,165

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(1,582,056

)

(1,265,167

)

SHAREHOLDERS' FUNDS

(1,582,054

)

(1,265,165

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2022 and were signed on its behalf by:

C T Good - Director

1.	STATUTORY INFORMATION

Bucks Concrete 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.

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 Income Statement, 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.

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 8 (2020 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

56,887

Additions

3,030

At 30 September 2021

59,917

DEPRECIATION

Charge for year

14,980

At 30 September 2021

14,980

NET BOOK VALUE

At 30 September 2021

44,937

At 30 September 2020

56,887

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

1,011,139

932,998

Other debtors

-

6,800

Prepayments and accrued income

24,154

1,192

1,035,293

940,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

482,848

282,254

Social security and other taxes

5,466

-

VAT

25,232

26,181

Other creditors

726

1,524

Factoring

494,156

-

Amount owed to group undetakin

gs in which the company has a

participating interest

1,752,670

1,961,521

Accruals and deferred income

12,000

-

2,773,098

2,271,480

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Other loans - 2-5 years

48,436

50,000