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REGISTERED NUMBER: 03943446 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

AUCTION HOUSE SERVICES LIMITED

AUCTION HOUSE SERVICES LIMITED (REGISTERED NUMBER: 03943446)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUCTION HOUSE SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ms O Hatt
N Carter





REGISTERED OFFICE: 2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH





REGISTERED NUMBER: 03943446 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

AUCTION HOUSE SERVICES LIMITED (REGISTERED NUMBER: 03943446)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,614 50,304

CURRENT ASSETS
Debtors 5 308,539 4,045,035
Cash at bank and in hand 451,027 511,259
759,566 4,556,294
CREDITORS
Amounts falling due within one year 6 675,654 764,543
NET CURRENT ASSETS 83,912 3,791,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,526

3,842,055

PROVISIONS FOR LIABILITIES 8,653 9,558
NET ASSETS 109,873 3,832,497

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 185,326 185,326
Other reserves - 348,268
Retained earnings (76,453 ) 3,297,903
109,873 3,832,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AUCTION HOUSE SERVICES LIMITED (REGISTERED NUMBER: 03943446)

BALANCE SHEET - continued
30 APRIL 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 30 January 2025 and were signed on its behalf by:





Ms O Hatt - Director


AUCTION HOUSE SERVICES LIMITED (REGISTERED NUMBER: 03943446)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Auction House Services 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.

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.

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 31 (2023 - 27 ) .

AUCTION HOUSE SERVICES LIMITED (REGISTERED NUMBER: 03943446)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 2,170 279,968 282,138
Additions - 19,862 19,862
Disposals (2,170 ) (98,048 ) (100,218 )
At 30 April 2024 - 201,782 201,782
DEPRECIATION
At 1 May 2023 2,170 229,664 231,834
Charge for year - 6,881 6,881
Eliminated on disposal (2,170 ) (69,377 ) (71,547 )
At 30 April 2024 - 167,168 167,168
NET BOOK VALUE
At 30 April 2024 - 34,614 34,614
At 30 April 2023 - 50,304 50,304

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 308,539 4,045,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 165,595 41,353
Taxation and social security 317,172 265,027
Other creditors 192,887 458,163
675,654 764,543

7. EMPLOYEE OWNERSHIP TRUST

During the year, the director and shareholder sold 75% of his shareholding to Lots Road Employee Ownership Trust which was established through the execution of the trust deed on 29 November 2023. Since the time of its inception, the EOT has operated independently of the company, acting solely through Lots Road Trustees Limited as the trustee company.