REGISTERED NUMBER: 01047978

A.C.BUCKOKE & SONS LIMITED

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Report of the Director

1

Income Statement

2

Balance Sheet

3

Notes to the Financial Statements

4

Reconciliation of Equity

7

Reconciliation of Loss

9

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

DIRECTOR

P C Buckoke held office during the whole of the period from 1 April 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

P C Buckoke - Director

4 August 2017

TURNOVER

63,034

53,822

Cost of sales

17,920

14,529

GROSS PROFIT

45,114

39,293

Administrative expenses

49,594

58,658

OPERATING LOSS

4

(4,480

)

(19,365

)

Interest receivable and similar income

23

19

LOSS BEFORE TAXATION

(4,457

)

(19,346

)

Tax on loss

5

(3,133

)

LOSS FOR THE FINANCIAL YEAR

(4,462

)

(16,213

)

FIXED ASSETS

Tangible assets

5

463,692

475,811

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

16,542

12,770

Cash at bank

65,770

35,747

87,312

53,517

CREDITORS

Amounts falling due within one year

7

526,137

487,999

NET CURRENT LIABILITIES

(438,825

)

(434,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

24,867

41,329

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Share premium

3,906

3,906

Retained earnings

18,961

35,423

SHAREHOLDERS' FUNDS

24,867

41,329

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 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 August 2017 and were signed by:

P C Buckoke - Director

1.	STATUTORY INFORMATION

A.C.Buckoke & Sons Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Long leasehold

-

2% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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 3 .

4.	OPERATING LOSS

The operating loss is stated after charging:

2017

2016

£

£

Depreciation - owned assets

13,492

2,538

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2016

448,326

48,952

-

8,295

505,573

Additions

-

1,122

251

-

1,373

At 31 March 2017

448,326

50,074

251

8,295

506,946

DEPRECIATION

At 1 April 2016

-

23,435

-

6,327

29,762

Charge for year

8,966

3,996

38

492

13,492

At 31 March 2017

8,966

27,431

38

6,819

43,254

NET BOOK VALUE

At 31 March 2017

439,360

22,643

213

1,476

463,692

At 31 March 2016

448,326

25,517

-

1,968

475,811

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,117

8,324

Other debtors

3,425

4,446

16,542

12,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

10,188

2,811

Trade creditors

3,111

1,388

Taxation and social security

4,679

(89,790

)

Other creditors

508,159

573,590

526,137

487,999

8.	CONTROL OF COMPANY

In the opinion of the directors, the company is controlled by Ms H Buckoke.

FIXED ASSETS

Tangible assets

475,811

-

475,811

CURRENT ASSETS

Stocks

5,000

-

5,000

Debtors

12,770

-

12,770

Cash at bank

35,747

-

35,747

53,517

-

53,517

CREDITORS

Amounts falling due within one year

(487,999

)

-

(487,999

)

NET CURRENT LIABILITIES

(434,482

)

-

(434,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,329

-

41,329

NET ASSETS

41,329

-

41,329

CAPITAL AND RESERVES

Called up share capital

2,000

-

2,000

Share premium

3,906

-

3,906

Retained earnings

35,423

-

35,423

SHAREHOLDERS' FUNDS

41,329

-

41,329

FIXED ASSETS

Tangible assets

475,811

-

475,811

CURRENT ASSETS

Stocks

5,000

-

5,000

Debtors

12,770

-

12,770

Cash at bank

35,747

-

35,747

53,517

-

53,517

CREDITORS

Amounts falling due within one year

(487,999

)

-

(487,999

)

NET CURRENT LIABILITIES

(434,482

)

-

(434,482

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,329

-

41,329

NET ASSETS

41,329

-

41,329

CAPITAL AND RESERVES

Called up share capital

2,000

-

2,000

Share premium

3,906

-

3,906

Retained earnings

35,423

-

35,423

SHAREHOLDERS' FUNDS

41,329

-

41,329

TURNOVER

53,822

-

53,822

Cost of sales

(14,529

)

-

(14,529

)

GROSS PROFIT

39,293

-

39,293

Administrative expenses

(58,658

)

-

(58,658

)

OPERATING LOSS

(19,365

)

-

(19,365

)

Interest receivable and similar income

19

-

19

and

LOSS BEFORE TAXATION

(19,346

)

-

(19,346

)

Tax on loss

3,133

-

3,133

LOSS FOR THE FINANCIAL YEAR

(16,213

)

-

(16,213

)