Buckley Coatings Limited - Limited company - abbreviated - 11.0.0

Buckley Coatings Limited - Limited company - abbreviated - 11.0.0

BUCKLEY COATINGS LIMITED - Company Information

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REGISTERED NUMBER: 05934481 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

BUCKLEY COATINGS LIMITED

BUCKLEY COATINGS LIMITED (REGISTERED NUMBER: 05934481)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013




Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

BUCKLEY COATINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2013







DIRECTOR: Mr G Steele



REGISTERED OFFICE: 14 Victoria Square
Droitwich
Worcestershire
WR9 8DS



REGISTERED NUMBER: 05934481 (England and Wales)



ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS



BANKERS: Lloyds TSB
The Cross
Worcester
WR1 3PY
Page 1
BUCKLEY COATINGS LIMITED (REGISTERED NUMBER: 05934481)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 6,875 9,375
Tangible assets 3 23,555 19,380
30,430 28,755

CURRENT ASSETS
Stocks 59,835 64,086
Debtors 50,921 51,857
Cash at bank and in hand 9,568 1,002
120,324 116,945
CREDITORS
Amounts falling due within one year 117,005 106,280
NET CURRENT ASSETS 3,319 10,665
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,749
39,420

CREDITORS
Amounts falling due after more than one
year
2,708
8,146
NET ASSETS 31,041 31,274

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 31,031 31,264
SHAREHOLDERS' FUNDS 31,041 31,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 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 notes form part of these abbreviated accounts

Page 2 continued...
BUCKLEY COATINGS LIMITED (REGISTERED NUMBER: 05934481)

ABBREVIATED BALANCE SHEET - continued
31ST DECEMBER 2013


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 27th February 2014 and were signed by:





Mr G Steele - Director


The notes form part of these abbreviated accounts

Page 3
BUCKLEY COATINGS LIMITED (REGISTERED NUMBER: 05934481)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2013

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2013
and 31st December 2013 25,000
AMORTISATION
At 1st January 2013 15,625
Amortisation for year 2,500
At 31st December 2013 18,125
NET BOOK VALUE

At 31st December 2013 6,875
At 31st December 2012 9,375

Page 4 continued...
BUCKLEY COATINGS LIMITED (REGISTERED NUMBER: 05934481)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2013

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2013 4,000 32,744 36,744
Additions 3,714 7,500 11,214
At 31st December 2013 7,714 40,244 47,958
DEPRECIATION
At 1st January 2013 4,000 13,364 17,364
Charge for year 928 6,111 7,039
At 31st December 2013 4,928 19,475 24,403
NET BOOK VALUE
At 31st December 2013 2,786 20,769 23,555
At 31st December 2012 - 19,380 19,380

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
9 Ordinary A £1 9 9
1 Ordinary B £1 1 1
10 10

Page 5