2023-04-012024-03-312024-03-31false07470376JEFFERYS AUCTIONS LTD2024-12-03iso4217:GBPxbrli:pure074703762023-04-01074703762024-03-31074703762023-04-012024-03-31074703762022-04-01074703762023-03-31074703762022-04-012023-03-3107470376bus:SmallEntities2023-04-012024-03-3107470376bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3107470376bus:FullAccounts2023-04-012024-03-3107470376bus:PrivateLimitedCompanyLtd2023-04-012024-03-3107470376core:WithinOneYear2024-03-3107470376core:AfterOneYear2024-03-3107470376core:WithinOneYear2023-03-3107470376core:AfterOneYear2023-03-3107470376core:ShareCapital2024-03-3107470376core:SharePremium2024-03-3107470376core:RevaluationReserve2024-03-3107470376core:OtherReservesSubtotal2024-03-3107470376core:RetainedEarningsAccumulatedLosses2024-03-3107470376core:ShareCapital2023-03-3107470376core:SharePremium2023-03-3107470376core:RevaluationReserve2023-03-3107470376core:OtherReservesSubtotal2023-03-3107470376core:RetainedEarningsAccumulatedLosses2023-03-3107470376core:LandBuildings2024-03-3107470376core:PlantMachinery2024-03-3107470376core:Vehicles2024-03-3107470376core:FurnitureFittings2024-03-3107470376core:OfficeEquipment2024-03-3107470376core:NetGoodwill2024-03-3107470376core:IntangibleAssetsOtherThanGoodwill2024-03-3107470376core:ListedExchangeTraded2024-03-3107470376core:UnlistedNon-exchangeTraded2024-03-3107470376core:LandBuildings2023-03-3107470376core:PlantMachinery2023-03-3107470376core:Vehicles2023-03-3107470376core:FurnitureFittings2023-03-3107470376core:OfficeEquipment2023-03-3107470376core:NetGoodwill2023-03-3107470376core:IntangibleAssetsOtherThanGoodwill2023-03-3107470376core:ListedExchangeTraded2023-03-3107470376core:UnlistedNon-exchangeTraded2023-03-3107470376core:LandBuildings2023-04-012024-03-3107470376core:PlantMachinery2023-04-012024-03-3107470376core:Vehicles2023-04-012024-03-3107470376core:FurnitureFittings2023-04-012024-03-3107470376core:OfficeEquipment2023-04-012024-03-3107470376core:NetGoodwill2023-04-012024-03-3107470376core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107470376core:ListedExchangeTraded2023-04-012024-03-3107470376core:UnlistedNon-exchangeTraded2023-04-012024-03-3107470376core:MoreThanFiveYears2023-04-012024-03-3107470376core:Non-currentFinancialInstruments2024-03-3107470376core:Non-currentFinancialInstruments2023-03-3107470376dpl:CostSales2023-04-012024-03-3107470376dpl:DistributionCosts2023-04-012024-03-3107470376core:LandBuildings2023-04-012024-03-3107470376core:PlantMachinery2023-04-012024-03-3107470376core:Vehicles2023-04-012024-03-3107470376core:FurnitureFittings2023-04-012024-03-3107470376core:OfficeEquipment2023-04-012024-03-3107470376dpl:AdministrativeExpenses2023-04-012024-03-3107470376core:NetGoodwill2023-04-012024-03-3107470376core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3107470376dpl:GroupUndertakings2023-04-012024-03-3107470376dpl:ParticipatingInterests2023-04-012024-03-3107470376dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3107470376core:ListedExchangeTraded2023-04-012024-03-3107470376dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3107470376core:UnlistedNon-exchangeTraded2023-04-012024-03-3107470376dpl:CostSales2022-04-012023-03-3107470376dpl:DistributionCosts2022-04-012023-03-3107470376core:LandBuildings2022-04-012023-03-3107470376core:PlantMachinery2022-04-012023-03-3107470376core:Vehicles2022-04-012023-03-3107470376core:FurnitureFittings2022-04-012023-03-3107470376core:OfficeEquipment2022-04-012023-03-3107470376dpl:AdministrativeExpenses2022-04-012023-03-3107470376core:NetGoodwill2022-04-012023-03-3107470376core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3107470376dpl:GroupUndertakings2022-04-012023-03-3107470376dpl:ParticipatingInterests2022-04-012023-03-3107470376dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3107470376core:ListedExchangeTraded2022-04-012023-03-3107470376dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3107470376core:UnlistedNon-exchangeTraded2022-04-012023-03-3107470376core:NetGoodwill2024-03-3107470376core:IntangibleAssetsOtherThanGoodwill2024-03-3107470376core:LandBuildings2024-03-3107470376core:PlantMachinery2024-03-3107470376core:Vehicles2024-03-3107470376core:FurnitureFittings2024-03-3107470376core:OfficeEquipment2024-03-3107470376core:AfterOneYear2024-03-3107470376core:WithinOneYear2024-03-3107470376core:ListedExchangeTraded2024-03-3107470376core:UnlistedNon-exchangeTraded2024-03-3107470376core:ShareCapital2024-03-3107470376core:SharePremium2024-03-3107470376core:RevaluationReserve2024-03-3107470376core:OtherReservesSubtotal2024-03-3107470376core:RetainedEarningsAccumulatedLosses2024-03-3107470376core:NetGoodwill2023-03-3107470376core:IntangibleAssetsOtherThanGoodwill2023-03-3107470376core:LandBuildings2023-03-3107470376core:PlantMachinery2023-03-3107470376core:Vehicles2023-03-3107470376core:FurnitureFittings2023-03-3107470376core:OfficeEquipment2023-03-3107470376core:AfterOneYear2023-03-3107470376core:WithinOneYear2023-03-3107470376core:ListedExchangeTraded2023-03-3107470376core:UnlistedNon-exchangeTraded2023-03-3107470376core:ShareCapital2023-03-3107470376core:SharePremium2023-03-3107470376core:RevaluationReserve2023-03-3107470376core:OtherReservesSubtotal2023-03-3107470376core:RetainedEarningsAccumulatedLosses2023-03-3107470376core:NetGoodwill2022-04-0107470376core:IntangibleAssetsOtherThanGoodwill2022-04-0107470376core:LandBuildings2022-04-0107470376core:PlantMachinery2022-04-0107470376core:Vehicles2022-04-0107470376core:FurnitureFittings2022-04-0107470376core:OfficeEquipment2022-04-0107470376core:AfterOneYear2022-04-0107470376core:WithinOneYear2022-04-0107470376core:ListedExchangeTraded2022-04-0107470376core:UnlistedNon-exchangeTraded2022-04-0107470376core:ShareCapital2022-04-0107470376core:SharePremium2022-04-0107470376core:RevaluationReserve2022-04-0107470376core:OtherReservesSubtotal2022-04-0107470376core:RetainedEarningsAccumulatedLosses2022-04-0107470376core:AfterOneYear2023-04-012024-03-3107470376core:WithinOneYear2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3107470376core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3107470376core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3107470376core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3107470376core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3107470376core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3107470376bus:Director12023-04-012024-03-3107470376bus:Director22023-04-012024-03-3107470376bus:Director32023-04-012024-03-31

JEFFERYS AUCTIONS LTD

Registered Number
07470376
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

JEFFERYS AUCTIONS LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

BLAKE, John Richard
MASKELL, David Graham
MORRIS, Ian Duncan

Registered Address

5 Fore Street
Lostwithiel
PL22 0BP

Registered Number

07470376 (England and Wales)
JEFFERYS AUCTIONS LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3168,000182,000
Tangible assets441,96716,229
209,967198,229
Current assets
Debtors5254,333134,282
Cash at bank and on hand96,14748,787
350,480183,069
Creditors amounts falling due within one year6(148,692)(89,966)
Net current assets (liabilities)201,78893,103
Total assets less current liabilities411,755291,332
Creditors amounts falling due after one year7(31,255)-
Provisions for liabilities9(3,251)-
Net assets377,249291,332
Capital and reserves
Called up share capital1010
Profit and loss account377,239291,322
Shareholders' funds377,249291,332
The financial statements were approved and authorised for issue by the Board of Directors on 3 December 2024, and are signed on its behalf by:
MORRIS, Ian Duncan
Director
Registered Company No. 07470376
JEFFERYS AUCTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Goodwill - 5% Straight Line
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be 20 years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery15-
Vehicles-4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year87
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 23280,000280,000
At 31 March 24280,000280,000
Amortisation and impairment
At 01 April 2398,00098,000
Charge for year14,00014,000
At 31 March 24112,000112,000
Net book value
At 31 March 24168,000168,000
At 31 March 23182,000182,000
4.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 2332,34012,22844,568
Additions2,17345,49547,668
Disposals-(12,228)(12,228)
At 31 March 2434,51345,49580,008
Depreciation and impairment
At 01 April 2325,2823,05728,339
Charge for year1,38511,37412,759
On disposals-(3,057)(3,057)
At 31 March 2426,66711,37438,041
Net book value
At 31 March 247,84634,12141,967
At 31 March 237,0589,17116,229
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables52,96940,594
Other debtors189,85091,716
Prepayments and accrued income11,5141,972
Total254,333134,282
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,7811,450
Taxation and social security46,10537,919
Finance lease and HP contracts3,182-
Other creditors86,93543,774
Accrued liabilities and deferred income3,6896,823
Total148,69289,966
7.Creditors: amounts due after one year

2024

2023

££
Other creditors31,255-
Total31,255-
The creditor 'amounts due after one year' is an obligation under a finance lease.
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts31,255-
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,251-
Total3,251-