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REGISTERED NUMBER: 02028468 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

NORTHERN & CENTRAL
BUXTON LIMITED

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHERN & CENTRAL
BUXTON LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: Mr D J Farrimond
Mrs P Farrimond
Mr D B Farrimond



SECRETARY: Mr D J Farrimond



REGISTERED OFFICE: 2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



REGISTERED NUMBER: 02028468 (England and Wales)



ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY



BANKERS: National Westminster Bank plc
P.O. Box 65
2 Chestergate
Macclesfield
SK11 6BS

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

BALANCE SHEET
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 296,660 304,029
Investment property 5 - 219,400
296,660 523,429

CURRENT ASSETS
Stocks 6 219,384 189,376
Debtors 7 481,443 345,588
Cash at bank and in hand 456,485 249,032
1,157,312 783,996
CREDITORS
Amounts falling due within one year 8 370,674 237,655
NET CURRENT ASSETS 786,638 546,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,083,298

1,069,770

PROVISIONS FOR LIABILITIES 9 46,531 62,423
NET ASSETS 1,036,767 1,007,347

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 155,970 144,120
Retained earnings 11 880,697 863,127
SHAREHOLDERS' FUNDS 1,036,767 1,007,347

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

BALANCE SHEET - continued
31 January 2025


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 9 June 2025 and were signed on its behalf by:





Mr D B Farrimond - Director


NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Northern & Central Buxton 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

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 8 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST OR VALUATION
At 1 February 2024 286,700 5,600 38,770
Revaluations 15,800 - -
At 31 January 2025 302,500 5,600 38,770
DEPRECIATION
At 1 February 2024 48,540 1,008 38,770
Charge for year 6,050 112 -
At 31 January 2025 54,590 1,120 38,770
NET BOOK VALUE
At 31 January 2025 247,910 4,480 -
At 31 January 2024 238,160 4,592 -

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2024 22,666 106,163 56,127 516,026
Revaluations - - - 15,800
At 31 January 2025 22,666 106,163 56,127 531,826
DEPRECIATION
At 1 February 2024 22,661 49,416 51,602 211,997
Charge for year 1 14,186 2,820 23,169
At 31 January 2025 22,662 63,602 54,422 235,166
NET BOOK VALUE
At 31 January 2025 4 42,561 1,705 296,660
At 31 January 2024 5 56,747 4,525 304,029

Cost or valuation at 31 January 2025 is represented by:

Improvements
Long to Plant and
leasehold property machinery
£    £    £   
Valuation in 2025 195,775 - -
Cost 106,725 5,600 38,770
302,500 5,600 38,770

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2025 - - - 195,775
Cost 22,666 106,163 56,127 336,051
22,666 106,163 56,127 531,826

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST OR VALUATION
At 1 February 2024 9,150
Transfer to ownership (9,150 )
At 31 January 2025 -
DEPRECIATION
At 1 February 2024 6,863
Charge for year 2,287
Transfer to ownership (9,150 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 2,287

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 219,400
Disposals (219,400 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 219,400

6. STOCKS
31.1.25 31.1.24
£    £   
Goods for resale 219,384 189,376

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 429,102 294,140
Amounts due from fellow subsidiaries 45,594 40,689
Tax 2,018 2,018
Prepayments and accrued income 4,729 8,741
481,443 345,588

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts - 1,271
Trade creditors 260,116 141,053
Tax 1 1
VAT 14,126 23,664
Amounts due to parent undertaking 72,626 52,433
Accrued expenses 23,805 19,233
370,674 237,655

9. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 46,531 62,423

Deferred
tax
£   
Balance at 1 February 2024 62,423
Provided during year (15,892 )
Balance at 31 January 2025 46,531

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2024 863,127 144,120 1,007,247
Profit for the year 17,570 17,570
Increase/(decrease) in valuation - 11,850 11,850
At 31 January 2025 880,697 155,970 1,036,667

NORTHERN & CENTRAL
BUXTON LIMITED (REGISTERED NUMBER: 02028468)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

12. RELATED PARTY DISCLOSURES

NAME RELATIONSHIP

N&C Group UK Limited Parent company
Northern & Central Wigan Limited Fellow subsidiary
Northern & Central Ormskirk Limited Fellow subsidiary
Northern & Central Macclesfield Limited Fellow subsidiary
The company is a wholly owned subsidiary of its parent company N & C Group UK Limited. Transactions have taken place with the group companies listed below:


Consultancy fees of £114,700 (2024: £92,667) were charged to the company by N & C Group UK Limited during the year. Other transactions which are considered to be material and which have not been disclosed elsewhere in the financial statements amounted to:


The above transactions were all performed at cost.

Amounts due to and from the ultimate parent company and amounts due to and from fellow subsidiaries are disclosed in notes 9 and 10 of these financial statements.

Sales Purchases
2025 2024 2025 2024
£ £ £ £

Northern & Central Wigan Limited 23,746 17,968 (21,510 ) (32,896 )
Northern & Central Ormskirk Limited 94,990 111,553 11,920 18,616
Northern & Central Macclesfield Limited 8,683 5,886 11,917 16,482
127,419 135,407 2,327 2,202

13. ULTIMATE CONTROLLING PARTY

The controlling party is N & C Group UK Limited.

N & C Group UK Limited, a company incorporated in the United Kingdom, is controlled by Mr D B Farrimond and members of his close family.