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REGISTERED NUMBER: 00151974 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED

THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Robert Dixon
William Peter Dobbing
Stephen Geoffrey Lambert
Christopher Metcalfe
Rachael Margaret Simpson
Norman Joseph Sunter
Philip James Terry
Granville Ernest Fairburn
Jack Martyn Fawcett
John James Sunter





REGISTERED OFFICE: Auction Mart
Richmond Road
Leyburn
N Yorks
DL8 5DP





REGISTERED NUMBER: 00151974 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
York House
Market Place
Leyburn
North Yorkshire
DL8 5AT

THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,944 81,090
Investment property 5 237,283 237,283
310,227 318,373

CURRENT ASSETS
Stocks 2,571 3,288
Debtors 6 507,202 531,608
Cash at bank and in hand 137,919 36,702
647,692 571,598
CREDITORS
Amounts falling due within one year 7 69,454 41,287
NET CURRENT ASSETS 578,238 530,311
TOTAL ASSETS LESS CURRENT LIABILITIES 888,465 848,684

PROVISIONS FOR LIABILITIES (9,136 ) (7,931 )

ACCRUALS AND DEFERRED INCOME (25,242 ) (25,136 )
NET ASSETS 854,087 815,617

CAPITAL AND RESERVES
Called up share capital 12,000 12,000
Profit and loss account 842,087 803,617
854,087 815,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:





William Peter Dobbing - Director


THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)

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

1. STATUTORY INFORMATION

The Leyburn Livestock Auction Mart Company 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.
Freehold property - 2.5% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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.

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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)

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

2. ACCOUNTING POLICIES - continued
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.

INCOME RECOGNITION
Income is recognised when services have been provided to customers such that the risks and rewards of ownership have transferred to them.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the leases. The benefits of lease incentives are recognised in the profit and loss account over the shorter of the lease period and the period to the next rent review at which the rent is expected to be reset to the market rates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 145,305 156,800 21,995 324,100
Additions - 2,603 - 2,603
At 31 December 2023 145,305 159,403 21,995 326,703
DEPRECIATION
At 1 January 2023 92,109 145,402 5,499 243,010
Charge for year 2,611 4,014 4,124 10,749
At 31 December 2023 94,720 149,416 9,623 253,759
NET BOOK VALUE
At 31 December 2023 50,585 9,987 12,372 72,944
At 31 December 2022 53,196 11,398 16,496 81,090

THE LEYBURN LIVESTOCK AUCTION MART
COMPANY LIMITED (REGISTERED NUMBER: 00151974)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 237,283
NET BOOK VALUE
At 31 December 2023 237,283
At 31 December 2022 237,283

The Directors have considered the open market value of these properties, taking into account anticipated rental yields for the temporary units, and do not consider the fair value to be materially different from the cost or value transferred, as at 31 December 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 496,800 522,361
Other debtors 10,402 9,247
507,202 531,608

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 20,356 13,922
Taxation and social security 36,167 12,002
Other creditors 12,931 15,363
69,454 41,287

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,737 977

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. Contributions totalling £189 (2022: £152) were payable to the fund at the year end and are included in creditors.