Northern & Central Buxton Limited - Accounts to registrar (filleted) - small 18.2
Northern & Central Buxton Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020 |
| FOR |
| NORTHERN & CENTRAL |
| BUXTON LIMITED |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2020 |
| 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 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 2nd Floor, Boulton House |
| 17-21 Chorlton Street |
| Manchester |
| M1 3HY |
| BANKERS: |
| P.O. Box 65 |
| 2 Chestergate |
| Macclesfield |
| SK11 6BS |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| BALANCE SHEET |
| 31 January 2020 |
| 31.1.20 | 31.1.19 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Revaluation reserve | 11 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| 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 2020 |
| 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 |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 January 2020 |
| 1. | STATUTORY INFORMATION |
| Northern & Central Buxton Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Long leasehold | - |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Long | to | Plant and |
| leasehold | property | machinery |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2019 |
| Additions |
| Disposals |
| Revaluations |
| At 31 January 2020 |
| DEPRECIATION |
| At 1 February 2019 |
| Charge for year |
| Eliminated on disposal |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| Revaluations |
| At 31 January 2020 |
| DEPRECIATION |
| At 1 February 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| Cost or valuation at 31 January 2020 is represented by: |
| Improvements |
| Long | to | Plant and |
| leasehold | property | machinery |
| £ | £ | £ |
| Valuation in 2015 | 104,775 | - | - |
| Valuation in 2016 | 6,500 | - | - |
| Valuation in 2017 | 7,000 | - | - |
| Valuation in 2020 | 4,000 | - | - |
| Cost | 106,725 | 5,600 | 38,770 |
| 229,000 | 5,600 | 38,770 |
| Fixtures |
| and | Motor | Computer |
| fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| Valuation in 2015 | - | - | - | 104,775 |
| Valuation in 2016 | - | - | - | 6,500 |
| Valuation in 2017 | - | - | - | 7,000 |
| Valuation in 2020 | - | - | - | 4,000 |
| Cost | 22,666 | 77,795 | 43,041 | 294,597 |
| 22,666 | 77,795 | 43,041 | 416,872 |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2019 |
| Revaluations | 3,000 |
| At 31 January 2020 |
| NET BOOK VALUE |
| At 31 January 2020 |
| At 31 January 2019 |
| Fair value at 31 January 2020 is represented by: |
| £ |
| Valuation in 2017 | 30,006 |
| Valuation in 2019 | 6,000 |
| Valuation in 2020 | 3,000 |
| Cost | 134,994 |
| 174,000 |
| The directors deem this to be a fair value as at 31 January 2020. |
| 6. | STOCKS |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Goods for resale |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Trade debtors |
| Amounts due from fellow subsidiaries | 29,495 | 18,746 |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Trade creditors |
| Tax |
| VAT | 16,983 | 18,614 |
| Amounts due to parent undertaking | 22,574 | 54,760 |
| Accrued expenses |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 9. | PROVISIONS FOR LIABILITIES |
| 31.1.20 | 31.1.19 |
| £ | £ |
| Deferred tax | 36,438 | 30,496 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2019 |
| Provided during year |
| Balance at 31 January 2020 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.20 | 31.1.19 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 11. | RESERVES |
| Retained | Revaluation |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 February 2019 | 823,569 |
| Profit for the year |
| Increase in valuation |
| At 31 January 2020 | 845,069 |
| NORTHERN & CENTRAL |
| BUXTON LIMITED (REGISTERED NUMBER: 02028468) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 January 2020 |
| 12. | RELATED PARTY DISCLOSURES |
| 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: |
| 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 |
| Consultancy fees of £74,000 (2019: £84,000) 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: |
| Sales | Purchases |
| 2020 | 2019 | 2020 | 2019 |
| £ | £ | £ | £ |
| Northern & Central Wigan Limited | 14,357 | 12,063 | (792 | ) | 5,944 |
| Northern & Central Ormskirk Limited | 15,592 | 17,017 | 9,945 | 14,833 |
| Northern & Central Macclesfield Limited | 13,081 | 22,257 | 25,347 | 31,127 |
| 43,030 | 51,337 | 34,500 | 51,904 |
| 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. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr D B Farrimond. |