GRAHAM BUDD AUCTIONS LIMITED

GRAHAM BUDD AUCTIONS LIMITED
Directors' Report
For the year ended 28 February 2025

Director's report and financial statements

The directors present their annual report and the financial statements for the year ended 28 February 2025.

Directors

The directors who served the company throughout the year were as follows:

J A Gascoigne

G J Hope

T P Murphy

Statement of directors' responsibilities

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
T P Murphy
Director

Date approved: 27 November 2025

GRAHAM BUDD AUCTIONS LIMITED
Statement of Financial Position
As at 28 February 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	50,000	100,000
Tangible fixed assets	4	16,418	22,073
		66,418	122,073
Current assets
Stocks	5	225,343	24,718
Debtors	6	306,096	490,530
Cash at bank and in hand		89,592	415,851
		621,031	931,099
Creditors: amount falling due within one year	7	(409,826)	(342,088)
Net current assets		211,205	589,011

Total assets less current liabilities		277,623	711,084
Creditors: amount falling due after more than one year	8	(10,707)	(20,833)
Net assets		266,916	690,251

Capital and reserves
Called up share capital	9	2	2
Profit and loss account		266,914	690,249
Shareholders' funds		266,916	690,251

For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 27 November 2025 and were signed on its behalf by:

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T P Murphy
Director

GRAHAM BUDD AUCTIONS LIMITED
Notes to the Financial Statements
For the year ended 28 February 2025

General Information

GRAHAM BUDD AUCTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05036951, registration address 100 Berkshire Place, GF33, Winnersh, RG41 5RD.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 10 (2024 : 2).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 March 2024	160,480	160,480
Additions	-	-
Disposals	-	-
At 28 February 2025	160,480	160,480
Amortisation
At 01 March 2024	60,480	60,480
Charge for year	50,000	50,000
On disposals	-	-
At 28 February 2025	110,480	110,480
Net book values
At 28 February 2025	50,000	50,000
At 29 February 2024	100,000	100,000

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 March 2024	42,825	23,666	66,491
Additions	763	509	1,272
Disposals	-	-	-
At 28 February 2025	43,588	24,175	67,763
Depreciation
At 01 March 2024	24,531	19,928	44,459
Charge for year	4,639	2,247	6,886
On disposals	-	-	-
At 28 February 2025	29,170	22,175	51,345
Net book values
Closing balance as at 28 February 2025	14,418	2,000	16,418
Opening balance as at 01 March 2024	18,335	3,738	22,073

Stocks

	2025 £		2024 £
Stocks	225,343		24,718
	225,343		24,718

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	172,365	78,455
Prepayments & Accrued Income	1,980	0
Other Debtors	124,052	406,576
VAT	7,699	5,499
	306,096	490,530

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	316,682	227,770
Bank Loans & Overdrafts	10,000	10,000
Corporation Tax	0	62,424
PAYE & Social Security	11,988	0
Accrued Expenses	0	40,805
Other Creditors	71,156	1,089
	409,826	342,088

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	10,707		20,833
	10,707		20,833

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
2 Ordinary shares of £1.00 each	2		2
	2		2

Registered Number: 05036951
England and Wales
GRAHAM BUDD AUCTIONS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 March 2024 End date: 28 February 2025