REGISTERED NUMBER: 03035378 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2018

for

Buffery & Co. Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Buffery

SECRETARY:

Mrs K A Buffery

REGISTERED OFFICE:

2 West Street

Henley on Thames

Oxfordshire

RG9 2DU

REGISTERED NUMBER:

03035378 (England and Wales)

ACCOUNTANTS:

Buffery & Co Ltd

2 West Street

Henley On Thames

Oxfordshire

RG9 2DU

FIXED ASSETS

Intangible assets

4

81,470

81,470

Tangible assets

5

973

1,944

82,443

83,414

CURRENT ASSETS

Stocks

96,504

80,612

Debtors

6

117,524

84,815

Cash at bank and in hand

35,431

9,778

249,459

175,205

CREDITORS

Amounts falling due within one year

7

162,398

118,609

NET CURRENT ASSETS

87,061

56,596

TOTAL ASSETS LESS CURRENT LIABILITIES

169,504

140,010

CREDITORS

Amounts falling due after more than one year

8

68,696

39,206

NET ASSETS

100,808

100,804

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

99,808

99,804

SHAREHOLDERS' FUNDS

100,808

100,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2018 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 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 director on 29th November 2018 and were signed by:

M C Buffery - Director

1.	STATUTORY INFORMATION

Buffery & Co. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill represents the value of practices purchased in 2009. The goodwill which could be written down against tax has

not been fully amortised. The balance in the accounts represents goodwill which if amortised is not allowable against tax.

This element has not been amortised, since the director considers that the inherent value of the goodwill in the practice

significantly exceeds this amount.

Tangible fixed assets

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

Work in progress

Work in progress represents the estimated value of work done on behalf of clients which has not been invoiced at the year

end.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2017 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2017

and 28th February 2018

474,693

AMORTISATION

At 1st March 2017

and 28th February 2018

393,223

NET BOOK VALUE

At 28th February 2018

81,470

At 28th February 2017

81,470

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2017

and 28th February 2018

9,127

DEPRECIATION

At 1st March 2017

7,183

Charge for year

971

At 28th February 2018

8,154

NET BOOK VALUE

At 28th February 2018

973

At 28th February 2017

1,944

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Trade debtors

117,524

84,815

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

28.2.17

£

£

Taxation and social security

90,004

98,596

Other creditors

72,394

20,013

162,398

118,609

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.18

28.2.17

£

£

Other creditors

68,696

39,206