Buckingham Concessions Limited
Buckingham Concessions Limited
Registered number: 04057535
Unaudited Financial Statements
For The Year Ended 30 September 2023
Brook & Co Accountants - Brackley
1 Market Place
Brackley
NN13 7AB
Buckingham Concessions Limited
Contents
Contents
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Buckingham Concessions Limited
Balance Sheet
As At
30 September 2023
Balance Sheet
Registered number:
04057535
For the year ending 30 September 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2023 | 2022 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Stocks | 5 |
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| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 8 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 3,230,520 | 3,102,726 | |||
Buckingham Concessions Limited
Balance Sheet (continued)
As At
30 September 2023
On behalf of the board
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Director
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The notes on pages 3 to 5 form part of these financial statements.
Buckingham Concessions Limited
Notes to the Financial Statements
For The Year Ended 30 September 2023
Notes to the Financial Statements
1.
General Information
Buckingham Concessions Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
04057535
. The registered office is 1 Market Place, Brackley, Northamptonshire, NN13 7AB.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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| Leasehold |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
Stocks and Work in Progress
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.
2.5.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Buckingham Concessions Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2023
2.6.
Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8.
Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3.
Average Number of Employees
Average number of deemed employees, including directors, during the year was as follows: 55 (2022: 55)
4.
Tangible Assets
| Land & Buildings | Plant & Machinery etc. | Total | |
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| £ | £ | £ | |
| Cost | |||
| As at 1 October 2022 |
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| Additions |
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| Disposals |
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| As at 30 September 2023 |
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...CONTINUED
Buckingham Concessions Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2023
| Depreciation | |||
| As at 1 October 2022 |
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| Provided during the period |
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| Disposals |
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| As at 30 September 2023 |
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| Net Book Value | |||
| As at 30 September 2023 |
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| As at 1 October 2022 |
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5.
Stocks
| 2023 | 2022 | ||
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| £ | £ | ||
| Stocks |
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6.
Debtors
| 2023 | 2022 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors | 19,629 | 44,168 | |
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| Due after more than one year | |||
| Amounts owed by participating interests | 131,268 | - | |
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7.
Creditors: Amounts Falling Due Within One Year
| 2023 | 2022 | ||
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| £ | £ | ||
| Trade creditors |
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| Other creditors | 246,066 | 189,514 | |
| Taxation and social security |
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