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REGISTERED NUMBER: 05228635 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BATH AUCTION ROOMS LIMITED

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


BATH AUCTION ROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs J Hare
Mr D P Hare
Mrs J E South
Mr J South





REGISTERED OFFICE: 9 Leighfield Way
Corsham
Bath
SN13 9SW





REGISTERED NUMBER: 05228635 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 JANUARY 2024


The directors present their report with the financial statements of the company for the year ended 31 January 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

Mrs J Hare
Mr D P Hare
Mrs J E South
Mr J South

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D P Hare - Director


17 June 2024

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 157,670 126,345
157,670 126,345

CURRENT ASSETS
Debtors 6 98,503 46,766
Cash at bank 318,359 442,126
416,862 488,892
CREDITORS
Amounts falling due within one year 7 (354,807 ) (331,601 )
NET CURRENT ASSETS 62,055 157,291
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,725

283,636

CREDITORS
Amounts falling due after more than one
year

8

(65,674

)

(48,994

)

PROVISIONS FOR LIABILITIES (61,618 ) (22,200 )
NET ASSETS 92,433 212,442

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 91,433 211,442
SHAREHOLDERS' FUNDS 92,433 212,442

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.

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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 17 June 2024 and were signed on its behalf by:





Mr D P Hare - Director


BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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


1. STATUTORY INFORMATION

Bath Auction Rooms 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Fixtures & Equipment - 20% on cost
Motor vehicles - at varying rates on cost

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.

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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.

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 720,000
AMORTISATION
At 1 February 2023
and 31 January 2024 720,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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


5. TANGIBLE FIXED ASSETS
Fixtures Motor
& Equipment vehicles Totals
£    £    £   
COST
At 1 February 2023 81,784 214,465 296,249
Additions 11,804 110,000 121,804
Disposals - (105,000 ) (105,000 )
At 31 January 2024 93,588 219,465 313,053
DEPRECIATION
At 1 February 2023 63,788 106,116 169,904
Charge for year 9,363 54,866 64,229
Eliminated on disposal - (78,750 ) (78,750 )
At 31 January 2024 73,151 82,232 155,383
NET BOOK VALUE
At 31 January 2024 20,437 137,233 157,670
At 31 January 2023 17,996 108,349 126,345

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 105,000
Additions 110,000
Disposals (105,000 )
At 31 January 2024 110,000
DEPRECIATION
At 1 February 2023 78,750
Charge for year 27,500
Eliminated on disposal (78,750 )
At 31 January 2024 27,500
NET BOOK VALUE
At 31 January 2024 82,500
At 31 January 2023 26,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,748 7,841
Prepayments 43,755 38,925
98,503 46,766

BATH AUCTION ROOMS LIMITED (REGISTERED NUMBER: 05228635)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 3,993 6,164
Trade creditors 65,943 72,736
Tax 183,397 124,793
Social security and other taxes 32,013 27,270
VAT 64,611 96,138
Accruals and deferred income 4,850 4,500
354,807 331,601

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 65,674 48,994