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REGISTERED NUMBER: 11738560 (England and Wales)















BOND WOLFE AUCTIONS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






BOND WOLFE AUCTIONS LIMITED (REGISTERED NUMBER: 11738560)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


BOND WOLFE AUCTIONS LIMITED (REGISTERED NUMBER: 11738560)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 6,073 5,040

Current assets
Debtors 5 586,326 56,632
Cash at bank and in hand 739,697 1,216,514
1,326,023 1,273,146
Creditors
Amounts falling due within one year 6 596,329 508,480
Net current assets 729,694 764,666
Total assets less current liabilities 735,767 769,706

Provisions for liabilities 1,518 1,260
Net assets 734,249 768,446

Capital and reserves
Called up share capital 7 100 100
Retained earnings 734,149 768,346
Shareholders' funds 734,249 768,446

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





M H P Daly - Director


BOND WOLFE AUCTIONS LIMITED (REGISTERED NUMBER: 11738560)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Bond Wolfe Auctions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11738560

Registered office: Sky View, Argosy Road
East Midlands Airport
Castle Donington
Derby
Derbyshire
DE74 2SA

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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 18 (2022 - 19 ) .

BOND WOLFE AUCTIONS LIMITED (REGISTERED NUMBER: 11738560)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 January 2023 58,211
Additions 3,306
At 31 December 2023 61,517
Depreciation
At 1 January 2023 53,171
Charge for year 2,273
At 31 December 2023 55,444
Net book value
At 31 December 2023 6,073
At 31 December 2022 5,040

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 8,891 17,685
Amounts owed by group undertakings 553,000 -
Other debtors 24,435 38,947
586,326 56,632

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 63,735 41,710
Amounts owed to group undertakings - 147,000
Taxation and social security 511,596 301,009
Other creditors 20,998 18,761
596,329 508,480

7. Called up share capital

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £ £
100 Share capital 1 1 100 100

8. Related party disclosures

During the year the company was charged £48,000 (2022 £50,000) in consultancy fees by "other related parties".

9. Parent company

The ultimate parent company at the balance sheet date is BWA Securities Limited, a company registered in the United Kingdom (Company number 12263772). At the reporting date the company was owed £553,100 (2022 £146,900 creditor) by the parent company.

Dividends totalling £1,695,000 (2022 £1,552,000) were charged from BWA Securities Limited in the year.