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REGISTERED NUMBER: 02028468 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

NORTHERN & CENTRAL
BUXTON LIMITED

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




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 2024







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 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 304,029 302,202
Investment property 5 219,400 221,500
523,429 523,702

CURRENT ASSETS
Stocks 6 189,376 217,358
Debtors 7 345,588 367,556
Cash at bank and in hand 249,032 277,489
783,996 862,403
CREDITORS
Amounts falling due within one year 8 237,655 307,288
NET CURRENT ASSETS 546,341 555,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,069,770

1,078,817

CREDITORS
Amounts falling due after more than one
year

9

-

(1,271

)

PROVISIONS FOR LIABILITIES 10 (62,423 ) (58,840 )
NET ASSETS 1,007,347 1,018,706

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 144,120 146,220
Retained earnings 12 863,127 872,386
SHAREHOLDERS' FUNDS 1,007,347 1,018,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 2024


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 29 July 2024 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 2024

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 2024

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 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST OR VALUATION
At 1 February 2023 289,500 5,600 38,770
Additions - - -
Disposals - - -
Revaluations (2,800 ) - -
At 31 January 2024 286,700 5,600 38,770
DEPRECIATION
At 1 February 2023 42,810 896 38,770
Charge for year 5,730 112 -
Eliminated on disposal - - -
At 31 January 2024 48,540 1,008 38,770
NET BOOK VALUE
At 31 January 2024 238,160 4,592 -
At 31 January 2023 246,690 4,704 -

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 22,666 92,763 54,723 504,022
Additions - 32,500 1,404 33,904
Disposals - (19,100 ) - (19,100 )
Revaluations - - - (2,800 )
At 31 January 2024 22,666 106,163 56,127 516,026
DEPRECIATION
At 1 February 2023 22,660 47,903 48,781 201,820
Charge for year 1 15,049 2,821 23,713
Eliminated on disposal - (13,536 ) - (13,536 )
At 31 January 2024 22,661 49,416 51,602 211,997
NET BOOK VALUE
At 31 January 2024 5 56,747 4,525 304,029
At 31 January 2023 6 44,860 5,942 302,202

Cost or valuation at 31 January 2024 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 - -
Valuation in 2024 (2,800 ) - -
Cost 106,725 5,600 38,770
286,700 5,600 38,770

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS - continued

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
Valuation in 2024 - - - (2,800 )
Cost 22,666 106,163 56,127 336,051
22,666 106,163 56,127 516,026

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST OR VALUATION
At 1 February 2023
and 31 January 2024 9,150
DEPRECIATION
At 1 February 2023 4,575
Charge for year 2,288
At 31 January 2024 6,863
NET BOOK VALUE
At 31 January 2024 2,287
At 31 January 2023 4,575

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 221,500
Revaluations (2,100 )
At 31 January 2024 219,400
NET BOOK VALUE
At 31 January 2024 219,400
At 31 January 2023 221,500

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 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
Valuation in 2024 (2,100 )
Cost 134,994
219,400

The directors deem this to be a fair value as at 31 January 2024.

6. STOCKS
31.1.24 31.1.23
£    £   
Goods for resale 189,376 217,358

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 294,140 325,793
Amounts due from fellow subsidiaries 40,689 25,450
Tax 2,018 -
Prepayments and accrued income 8,741 16,313
345,588 367,556

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 1,271 3,050
Trade creditors 141,053 186,442
Tax 1 6,090
VAT 23,664 20,967
Amounts due to parent undertaking 52,433 72,433
Accrued expenses 19,233 18,306
237,655 307,288

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts - 1,271

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 62,423 58,840

Deferred
tax
£   
Balance at 1 February 2023 58,840
Provided during year 3,583
Balance at 31 January 2024 62,423

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 872,386 146,220 1,018,606
Deficit for the year (9,259 ) (9,259 )
Increase/(decrease) in valuation - (2,100 ) (2,100 )
At 31 January 2024 863,127 144,120 1,007,247

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

13. RELATED PARTY DISCLOSURES

NAMERELATIONSHIP

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


Consultancy fees of £92,667 (2023: £116,000) 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:


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.

Sales Purchases
2024 20232024 2023
£ £ £ £

Northern & Central Wigan Limited17,96825,164(32,896)(35,523)
Northern & Central Ormskirk Limited111,55351,71418,61612,532
Northern & Central Macclesfield Limited5,8868,60216,48212,704
135,40785,4802,202(10,287)


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.