Company Registration No. 06390138 (England and Wales)
P J BUCKINGHAM LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
P J BUCKINGHAM LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
P J BUCKINGHAM LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF P J BUCKINGHAM LTD FOR THE YEAR ENDED 31 DECEMBER 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P J Buckingham Ltd for the year ended 31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of P J Buckingham Ltd, as a body, in accordance with the terms of our engagement letter dated 27 November 2013. Our work has been undertaken solely to prepare for your approval the financial statements of P J Buckingham Ltd and state those matters that we have agreed to state to the Board of Directors of P J Buckingham Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P J Buckingham Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that P J Buckingham Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P J Buckingham Ltd. You consider that P J Buckingham Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of P J Buckingham Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Clear & Lane Limited
Chartered Accountants
340 Melton Road
Leicester
LE4 7SL
16 August 2016
P J BUCKINGHAM LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
5,671
Investments
2
109,644
-
109,644
5,671
Current assets
Debtors
79,395
107,266
Cash at bank and in hand
10,360
9,774
89,755
117,040
Creditors: amounts falling due within one year
(35,832)
(46,164)
Net current assets
53,923
70,876
Total assets less current liabilities
163,567
76,547
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
163,566
76,546
Shareholders' funds
163,567
76,547
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 12 August 2016
Mr P J G Buckingham
Director
Company Registration No. 06390138
P J BUCKINGHAM LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
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1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, inclusive of VAT and trade discounts.
1.4
Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2
Fixed assets
Intangible assets
Investments
Total
£
£
£
Cost
At 1 January 2015
109,453
-
109,453
Additions
-
109,644
109,644
Disposals
(109,453)
-
(109,453)
At 31 December 2015
-
109,644
109,644
Depreciation
At 1 January 2015
103,782
-
103,782
On disposals
(103,782)
-
(103,782)
At 31 December 2015
-
-
-
Net book value
At 31 December 2015
-
109,644
109,644
At 31 December 2014
5,671
-
5,671
On 1 January 2015 Andrew Granger & Co LLP was incorporated as Andrew Granger & Partners Limited. The cost of goodwill previously acquired has been converted into the cost of investment during the year.
P J BUCKINGHAM LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
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3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1