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REGISTERED NUMBER: 04357518 (England and Wales)















WILKINSON'S AUCTIONEERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WILKINSON'S AUCTIONEERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Stephen Paul Wilkinson
Poppy Brooks





SECRETARY: Stephen Paul Wilkinson





REGISTERED OFFICE: 28 Netherhall Road
Doncaster
South Yorkshire
DN1 2PW





REGISTERED NUMBER: 04357518 (England and Wales)






WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 54,526 39,979
54,526 39,979

CURRENT ASSETS
Stocks 1,400 -
Debtors 3,637 11,618
Cash at bank and in hand 131,139 185,059
136,176 196,677
CREDITORS
Amounts falling due within one year 42,217 80,149
NET CURRENT ASSETS 93,959 116,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,485

156,507

PROVISIONS FOR LIABILITIES 5,336 7,074
NET ASSETS 143,149 149,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 143,049 149,333
SHAREHOLDERS' FUNDS 143,149 149,433

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.

WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 October 2024 and were signed on its behalf by:





Stephen Paul Wilkinson - Director


WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

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


1. STATUTORY INFORMATION

Wilkinson's Auctioneers 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.

Turnover
Turnover represents sellers and buyers premium charged on the sale value of goods at auction excluding value added tax. Income is recognised when an auction is completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Website costs
Website costs are being amortised over their estimated useful life of five years

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, 20% on cost and 15% on reducing balance

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.

WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

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


2. ACCOUNTING POLICIES - continued

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 34,375
AMORTISATION
At 1 February 2023
and 31 January 2024 34,375
NET BOOK VALUE

At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 100,560
Additions 28,823
Disposals (14,995 )
At 31 January 2024 114,388
DEPRECIATION
At 1 February 2023 60,581
Charge for year 14,276
Eliminated on disposal (14,995 )
At 31 January 2024 59,862
NET BOOK VALUE
At 31 January 2024 54,526
At 31 January 2023 39,979

WILKINSON'S AUCTIONEERS LIMITED (REGISTERED NUMBER: 04357518)

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


6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,703

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Company owed the Directors £4 (2023 £1,061).

During the year the Directors received £60,000 (2023: £110,000) in dividends from the Company.