REGISTERED NUMBER: 05597472 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Bury & Hilton Auctions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

FIXED ASSETS

Tangible assets

4

2,672

3,323

CURRENT ASSETS

Debtors

5

17,290

40,548

Cash at bank and in hand

63,755

64,940

81,045

105,488

CREDITORS

Amounts falling due within one year

6

(44,594

)

(59,249

)

NET CURRENT ASSETS

36,451

46,239

TOTAL ASSETS LESS CURRENT LIABILITIES

39,123

49,562

PROVISIONS FOR LIABILITIES

(510

)

(632

)

NET ASSETS

38,613

48,930

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

38,611

48,928

38,613

48,930

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.

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 12 September 2025 and were signed on its behalf by:

Mr C P Ball - Director

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 7 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

3,541

10,500

14,041

DEPRECIATION

At 1 February 2024

1,735

8,983

10,718

Charge for year

272

379

651

At 31 January 2025

2,007

9,362

11,369

NET BOOK VALUE

At 31 January 2025

1,534

1,138

2,672

At 31 January 2024

1,806

1,517

3,323

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,191

36,734

Other debtors

3,099

3,814

17,290

40,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,698

2,580

Taxation and social security

11,112

15,380

Other creditors

30,784

41,289

44,594

59,249