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REGISTERED NUMBER: NI606648 (Northern Ireland)















PLUMBRIDGE LIVESTOCK SALES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






PLUMBRIDGE LIVESTOCK SALES LTD (REGISTERED NUMBER: NI606648)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PLUMBRIDGE LIVESTOCK SALES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B Kerlin
A Patterson





REGISTERED OFFICE: 2A Main Street
Plumbridge
Co. Tyrone
BT79 8AB





REGISTERED NUMBER: NI606648 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly Chartered Accountants
43 Dublin Road
Omagh
Co. Tyrone
BT78 1HE

PLUMBRIDGE LIVESTOCK SALES LTD (REGISTERED NUMBER: NI606648)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 149,987 149,839

CURRENT ASSETS
Receivables: amounts falling due within
one year

6

116,734

76,868
Cash at bank and in hand 64,439 159,783
181,173 236,651
PAYABLES
Amounts falling due within one year 7 (104,072 ) (193,091 )
NET CURRENT ASSETS 77,101 43,560
TOTAL ASSETS LESS CURRENT
LIABILITIES

227,088

193,399

CAPITAL AND RESERVES
Called up share capital 8 27,500 27,500
Retained earnings 199,588 165,899
SHAREHOLDERS' FUNDS 227,088 193,399

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 February 2024 and were signed on its behalf by:




B Kerlin - Director



A Patterson - Director


PLUMBRIDGE LIVESTOCK SALES LTD (REGISTERED NUMBER: NI606648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Plumbridge Livestock Sales Ltd is a private company, limited by shares , registered in Northern Ireland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Fixtures and fittings - 15% reducing balance

Taxation
Taxation for the year comprises current . 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PLUMBRIDGE LIVESTOCK SALES LTD (REGISTERED NUMBER: NI606648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 April 2022 142,060 16,827 158,887
Additions - 1,385 1,385
At 31 March 2023 142,060 18,212 160,272
DEPRECIATION
At 1 April 2022 - 9,048 9,048
Charge for year - 1,237 1,237
At 31 March 2023 - 10,285 10,285
NET BOOK VALUE
At 31 March 2023 142,060 7,927 149,987
At 31 March 2022 142,060 7,779 149,839

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade receivables 116,734 76,868

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 60,392 153,761
Taxation and social security 11,600 7,250
Other payables 32,080 32,080
104,072 193,091

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
27,500 Ordinary 1 27,500 27,500