REGISTERED NUMBER: 11767035 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

International Auctions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr S G Bellingham

Registered office:

225 Market Street

Hyde

SK14 1HF

Registered number:

11767035 (England and Wales)

Accountants:

Graham Wood

48 Union Street

Hyde

Cheshire

SK14 1ND

Fixed assets

Intangible assets

4

55,111

12,693

Tangible assets

5

73,589

70,275

128,700

82,968

Current assets

Stocks

595,000

667,020

Debtors

6

21,250

11,250

Cash at bank and in hand

133,926

110,727

750,176

788,997

Creditors

Amounts falling due within one year

7

635,393

685,265

Net current assets

114,783

103,732

Total assets less current liabilities

243,483

186,700

Creditors

Amounts falling due after more than one year

8

(20,748

)

(26,461

)

Provisions for liabilities

(25,740

)

(16,594

)

Net assets

196,995

143,645

Capital and reserves

Called up share capital

9

1

1

Retained earnings

196,994

143,644

Shareholders' funds

196,995

143,645

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 July 2026 and were signed by:

Mr S G Bellingham - Director

1.	Statutory information

International 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

Straight line over 3 years

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 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.

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.

3.	Employees and directors

The average number of employees during the year was 28 (2025 - 30 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 February 2025

12,693

Additions

42,418

At 31 January 2026

55,111

Net book value

At 31 January 2026

55,111

At 31 January 2025

12,693

5.	Tangible fixed assets

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 February 2025

75,974

47,239

16,060

139,273

Additions

2,808

-

18,021

20,829

At 31 January 2026

78,782

47,239

34,081

160,102

Depreciation

At 1 February 2025

26,450

28,739

13,809

68,998

Charge for year

7,730

4,625

5,160

17,515

At 31 January 2026

34,180

33,364

18,969

86,513

Net book value

At 31 January 2026

44,602

13,875

15,112

73,589

At 31 January 2025

49,524

18,500

2,251

70,275

6.

Debtors: amounts falling due after more than one year

2026

2025

£

£

Other debtors

21,250

11,250

7.

Creditors: amounts falling due within one year

2026

2025

£

£

Bank loans and overdrafts

5,742

5,561

Trade creditors

338,362

270,461

Taxation and social security

123,925

151,949

Other creditors

167,364

257,294

635,393

685,265

8.

Creditors: amounts falling due after more than one year

2026

2025

£

£

Bank loans

20,748

26,461

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

1

Ordinary

1

1

1

10.	Financial commitments

The total amount of financial commitments not included in the balance sheet is £732,786 (2025 £573,894).

11.	Related party disclosures

SGB Asset Management Limited

(The director of International Auctions Limited owns 100% of the shareholding in SGB Asset Management Limited)

Trade creditor £37,590