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REGISTERED NUMBER: 05597472 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Bury & Hilton Auctions Limited

Bury & Hilton Auctions Limited (Registered number: 05597472)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bury & Hilton Auctions Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: Mrs C A Ball
Mr C P Ball





REGISTERED OFFICE: Unit 2A, Leekbrook Industrial Estate
Leekbrook
Leek
Staffordshire
ST13 7AP





REGISTERED NUMBER: 05597472 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Cherry Tree Court
Cross Street
Leek
Staffordshire
ST13 6BL

Bury & Hilton Auctions Limited (Registered number: 05597472)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 3,323 4,148

CURRENT ASSETS
Debtors 5 40,548 15,325
Cash at bank and in hand 64,940 46,126
105,488 61,451
CREDITORS
Amounts falling due within one year 6 (59,249 ) (26,457 )
NET CURRENT ASSETS 46,239 34,994
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,562

39,142

PROVISIONS FOR LIABILITIES (632 ) (735 )
NET ASSETS 48,930 38,407

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 48,928 38,405
48,930 38,407

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.

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 9 October 2024 and were signed on its behalf by:





Mr C P Ball - Director


Bury & Hilton Auctions Limited (Registered number: 05597472)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Bury & Hilton Auctions 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 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 10 (2023 - 9 ) .

Bury & Hilton Auctions Limited (Registered number: 05597472)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 February 2023
and 31 January 2024 3,541 10,500 14,041
DEPRECIATION
At 1 February 2023 1,416 8,477 9,893
Charge for year 319 506 825
At 31 January 2024 1,735 8,983 10,718
NET BOOK VALUE
At 31 January 2024 1,806 1,517 3,323
At 31 January 2023 2,125 2,023 4,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 36,734 12,965
Other debtors 3,814 2,360
40,548 15,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 2,580 1,482
Taxation and social security 15,380 15,093
Other creditors 41,289 9,882
59,249 26,457