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REGISTERED NUMBER: 08325075 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

EASTBOURNE AUCTIONS LTD

EASTBOURNE AUCTIONS LTD (REGISTERED NUMBER: 08325075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EASTBOURNE AUCTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Ms J May





REGISTERED OFFICE: Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW





REGISTERED NUMBER: 08325075 (England and Wales)





ACCOUNTANTS: Dominic Hill Associates Limited
Archer House
Britland Estate
Northbourne Road
Eastbourne
BN22 8PW

EASTBOURNE AUCTIONS LTD (REGISTERED NUMBER: 08325075)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,317 55,494

CURRENT ASSETS
Debtors 5 17,801 115,627
Cash at bank and in hand 440,243 600,924
458,044 716,551
CREDITORS
Amounts falling due within one year 6 324,241 532,163
NET CURRENT ASSETS 133,803 184,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,120

239,882

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 185,010 239,772
SHAREHOLDERS' FUNDS 185,120 239,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 16 September 2024 and were signed by:





Ms J May - Director


EASTBOURNE AUCTIONS LTD (REGISTERED NUMBER: 08325075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Eastbourne Auctions Ltd 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.

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.
Plant and machinery etc - 25% on reducing balance

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 148,874
Additions 25,542
Disposals (29,900 )
At 31 March 2024 144,516
DEPRECIATION
At 1 April 2023 93,380
Charge for year 17,105
Eliminated on disposal (17,286 )
At 31 March 2024 93,199
NET BOOK VALUE
At 31 March 2024 51,317
At 31 March 2023 55,494

EASTBOURNE AUCTIONS LTD (REGISTERED NUMBER: 08325075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,759 6,147
Amounts owed by group undertakings - 100,000
Other debtors 14,042 9,480
17,801 115,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 577 4,975
Trade creditors 81,044 20,082
Amounts owed to group undertakings 118,000 252,120
Taxation and social security 75,072 88,506
Other creditors 49,548 166,480
324,241 532,163