back to JOHN BUCKLEY(DUDLEY)LIMITED detail John Buckley (Dudley) Limited - Accounts to registrar - small 17.2
IRIS Accounts Production v17.2.1.52 00105158 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure001051582016-03-31001051582017-03-31001051582016-04-012017-03-31001051582015-03-31001051582015-04-012016-03-31001051582016-03-3100105158ns15:EnglandWales2016-04-012017-03-3100105158ns14:PoundSterling2016-04-012017-03-3100105158ns10:Director12016-04-012017-03-3100105158ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3100105158ns10:SmallEntities2016-04-012017-03-3100105158ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3100105158ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3100105158ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3100105158ns10:FullAccounts2016-04-012017-03-3100105158ns10:Director22016-04-012017-03-3100105158ns10:Director32016-04-012017-03-3100105158ns10:CompanySecretary12016-04-012017-03-3100105158ns10:RegisteredOffice2016-04-012017-03-3100105158ns5:CurrentFinancialInstruments2017-03-3100105158ns5:CurrentFinancialInstruments2016-03-3100105158ns5:ShareCapital2017-03-3100105158ns5:ShareCapital2016-03-3100105158ns5:RevaluationReserve2017-03-3100105158ns5:RevaluationReserve2016-03-3100105158ns5:CapitalRedemptionReserve2017-03-3100105158ns5:CapitalRedemptionReserve2016-03-3100105158ns5:RetainedEarningsAccumulatedLosses2017-03-3100105158ns5:RetainedEarningsAccumulatedLosses2016-03-3100105158ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-04-012017-03-3100105158ns5:PlantMachinery2016-04-012017-03-3100105158ns5:MotorVehicles2016-04-012017-03-3100105158ns5:LandBuildings2016-03-3100105158ns5:PlantMachinery2016-03-3100105158ns5:MotorVehicles2016-03-3100105158ns5:LandBuildings2016-04-012017-03-3100105158ns5:LandBuildings2017-03-3100105158ns5:PlantMachinery2017-03-3100105158ns5:MotorVehicles2017-03-3100105158ns5:LandBuildings2016-03-3100105158ns5:PlantMachinery2016-03-3100105158ns5:MotorVehicles2016-03-3100105158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3100105158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3100105158ns5:RevaluationReserve2016-03-3100105158ns5:RevaluationReserve2016-04-012017-03-31


REGISTERED NUMBER: 00105158 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

JOHN BUCKLEY (DUDLEY) LIMITED

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOHN BUCKLEY (DUDLEY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: T J Rowe
Mrs S J Rowe, JP
T H Rowe





SECRETARY: Mrs S J Rowe, JP





REGISTERED OFFICE: Alma Place
Off King Street
DUDLEY
West Midlands
DY2 8QH





REGISTERED NUMBER: 00105158 (England and Wales)





ACCOUNTANTS: E R Grove & Co Limited
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210,478 214,261
Investment property 5 458,000 430,073
668,478 644,334

CURRENT ASSETS
Stocks 6 60,255 50,618
Debtors 7 147,679 162,144
Cash at bank and in hand 410,505 381,428
618,439 594,190
CREDITORS
Amounts falling due within one year 8 121,348 114,467
NET CURRENT ASSETS 497,091 479,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,165,569

1,124,057

PROVISIONS FOR LIABILITIES 7,271 5,161
NET ASSETS 1,158,298 1,118,896

CAPITAL AND RESERVES
Called up share capital 1,019 1,019
Revaluation reserve 9 42,185 58,105
Capital redemption reserve 2,134 2,134
Retained earnings 1,112,960 1,057,638
SHAREHOLDERS' FUNDS 1,158,298 1,118,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3 October 2017 and were signed on its behalf by:





T H Rowe - Director


JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

John Buckley (Dudley) 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 the provisions of Section 1A "Small Entities" 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 cost convention as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

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 11 .

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2016 284,336 459,946 9,730 754,012
Additions - 8,409 - 8,409
Disposals - (1,787 ) - (1,787 )
At 31 March 2017 284,336 466,568 9,730 760,634
DEPRECIATION
At 1 April 2016 98,460 432,536 8,755 539,751
Charge for year 5,019 6,920 244 12,183
Eliminated on disposal - (1,778 ) - (1,778 )
At 31 March 2017 103,479 437,678 8,999 550,156
NET BOOK VALUE
At 31 March 2017 180,857 28,890 731 210,478
At 31 March 2016 185,876 27,410 975 214,261

Included in cost or valuation of land and buildings is freehold land of £ 33,377 (2016 - £ 33,377 ) which is not
depreciated.

Cost or valuation at 31 March 2017 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2001 99,500 - - 99,500
Cost 184,836 466,568 9,730 661,134
284,336 466,568 9,730 760,634

If freehold property had not been revalued they would have been included at the following historical cost:

2017 2016
£    £   
Cost 184,836 184,836
Aggregate depreciation 37,745 34,048

Value of land in freehold land and buildings 33,377 33,377

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 430,073
Revaluations 27,927
At 31 March 2017 458,000
NET BOOK VALUE
At 31 March 2017 458,000
At 31 March 2016 430,073

JOHN BUCKLEY (DUDLEY) LIMITED (REGISTERED NUMBER: 00105158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2017 27,927
Cost 430,073
458,000

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 430,073 430,073

Investment property was valued on an open market basis on 31 March 2017 by the directors of the company .

6. STOCKS
2017 2016
£    £   
Raw materials 32,596 23,367
Work-in-progress 13,524 5,618
Finished goods 14,135 21,633
60,255 50,618

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 122,461 139,454
Other debtors 25,218 22,690
147,679 162,144

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 71,075 59,652
Taxation and social security 39,064 45,707
Other creditors 11,209 9,108
121,348 114,467

9. RESERVES
Revaluation
reserve
£   
At 1 April 2016 58,105
Revaluation reserve realised (15,920 )

At 31 March 2017 42,185

10. ULTIMATE CONTROLLING PARTY

The directors consider that Mr T J Rowe controls the company.