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REGISTERED NUMBER: 02028468 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

NORTHERN & CENTRAL
BUXTON LIMITED

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN & CENTRAL
BUXTON LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: Mr D J Farrimond
Mrs P Farrimond
Mr D B Farrimond



SECRETARY: Mr D J Farrimond



REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



REGISTERED NUMBER: 02028468 (England and Wales)



ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



BANKERS: National Westminster Bank plc
P.O. Box 65
2 Chestergate
Macclesfield
SK11 6BS

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

BALANCE SHEET
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,202 309,182
Investment property 5 221,500 209,000
523,702 518,182

CURRENT ASSETS
Stocks 6 217,358 225,775
Debtors 7 367,556 319,590
Cash at bank and in hand 277,489 243,676
862,403 789,041
CREDITORS
Amounts falling due within one year 8 307,288 258,159
NET CURRENT ASSETS 555,115 530,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,078,817

1,049,064

CREDITORS
Amounts falling due after more than one
year

9

(1,271

)

(4,321

)

PROVISIONS FOR LIABILITIES 10 (58,840 ) (56,226 )
NET ASSETS 1,018,706 988,517

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 146,220 133,020
Retained earnings 12 872,386 855,397
SHAREHOLDERS' FUNDS 1,018,706 988,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

BALANCE SHEET - continued
31 January 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr D B Farrimond - Director


NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Northern & Central Buxton 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST OR VALUATION
At 1 February 2022 273,000 5,600 38,770
Additions - - -
Revaluations 16,500 - -
At 31 January 2023 289,500 5,600 38,770
DEPRECIATION
At 1 February 2022 37,020 784 38,770
Charge for year 5,790 112 -
At 31 January 2023 42,810 896 38,770
NET BOOK VALUE
At 31 January 2023 246,690 4,704 -
At 31 January 2022 235,980 4,816 -

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2022 22,666 92,763 54,321 487,120
Additions - - 402 402
Revaluations - - - 16,500
At 31 January 2023 22,666 92,763 54,723 504,022
DEPRECIATION
At 1 February 2022 22,659 32,949 45,756 177,938
Charge for year 1 14,954 3,025 23,882
At 31 January 2023 22,660 47,903 48,781 201,820
NET BOOK VALUE
At 31 January 2023 6 44,860 5,942 302,202
At 31 January 2022 7 59,814 8,565 309,182

Cost or valuation at 31 January 2023 is represented by:

Improvements
Long to Plant and
leasehold property machinery
£    £    £   
Valuation in 2015 104,775 - -
Valuation in 2016 6,500 - -
Valuation in 2017 7,000 - -
Valuation in 2020 4,000 - -
Valuation in 2021 18,000 - -
Valuation in 2022 26,000 - -
Valuation in 2023 16,500 - -
Cost 106,725 5,600 38,770
289,500 5,600 38,770

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2015 - - - 104,775
Valuation in 2016 - - - 6,500
Valuation in 2017 - - - 7,000
Valuation in 2020 - - - 4,000
Valuation in 2021 - - - 18,000
Valuation in 2022 - - - 26,000
Valuation in 2023 - - - 16,500
Cost 22,666 92,763 54,723 321,247
22,666 92,763 54,723 504,022

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 9,150
DEPRECIATION
At 1 February 2022 2,288
Charge for year 2,287
At 31 January 2023 4,575
NET BOOK VALUE
At 31 January 2023 4,575
At 31 January 2022 6,862

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 209,000
Revaluations 12,500
At 31 January 2023 221,500
NET BOOK VALUE
At 31 January 2023 221,500
At 31 January 2022 209,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2017 30,006
Valuation in 2019 6,000
Valuation in 2020 3,000
Valuation in 2021 14,000
Valuation in 2022 21,000
Valuation in 2023 12,500
Cost 134,994
221,500

The directors deem this to be a fair value as at 31 January 2023.

6. STOCKS
31.1.23 31.1.22
£    £   
Goods for resale 217,358 225,775

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 325,793 260,378
Other debtors - 16,500
Amounts due from fellow subsidiaries 25,450 23,603
Prepayments and accrued income 16,313 19,109
367,556 319,590

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 3,050 3,050
Trade creditors 186,442 169,786
Tax 6,090 562
VAT 20,967 14,163
Amounts due to parent undertaking 72,433 52,463
Accrued expenses 18,306 18,135
307,288 258,159

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 1,271 4,321

10. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 58,840 56,226

Deferred
tax
£   
Balance at 1 February 2022 56,226
Provided during year 2,614
Balance at 31 January 2023 58,840

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2022 855,397 133,020 988,417
Profit for the year 16,989 16,989
Increase in valuation - 13,200 13,200
At 31 January 2023 872,386 146,220 1,018,606

13. RELATED PARTY DISCLOSURES

The company is a wholly owned subsidiary of its parent company N & C Group UK Limited. Transactions have taken place with the group companies listed below:

NAMERELATIONSHIP

N&C Group UK LimitedParent company
Northern & Central Wigan LimitedFellow subsidiary
Northern & Central Ormskirk LimitedFellow subsidiary
Northern & Central Macclesfield LimitedFellow subsidiary

Consultancy fees of £116,000 (2022: £91,500) were charged to the company by N & C Group UK Limited during the year. Other transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements amounted to:

Sales Purchases
2023202220232022
£ £ £ £

Northern & Central Wigan Limited25,16428,123(35,523)7,185
Northern & Central Ormskirk Limited51,71447,55412,53210,287
Northern & Central Macclesfield Limited8,60220,01412,70419,000
85,48095,691(10,287)36,472

The above transactions were all performed at cost.

Amounts due to and from the ultimate parent company and amounts due to and from fellow subsidiaries are disclosed in notes 9 and 10 of these financial statements.

14. ULTIMATE CONTROLLING PARTY

The controlling party is N & C Group UK Limited.

N & C Group UK Limited, a company incorporated in the United Kingdom, is controlled by Mr D B Farrimond and members of his close family.