The Livestock Auctioneers Association Limited 06579705 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the advancement and support of the auctioneering and valuing professions Digita Accounts Production Advanced 6.30.9574.0 true 06579705 2023-01-01 2023-12-31 06579705 2023-12-31 06579705 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06579705 bus:Micro-entities 2023-01-01 2023-12-31 06579705 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06579705 bus:FilletedAccounts 2023-01-01 2023-12-31 06579705 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06579705 bus:RegisteredOffice 2023-01-01 2023-12-31 06579705 bus:Chairman 2023-01-01 2023-12-31 06579705 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 06579705 bus:Agent1 2023-01-01 2023-12-31 06579705 countries:EnglandWales 2023-01-01 2023-12-31 06579705 2022-01-01 2022-12-31 06579705 2022-12-31 06579705 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

REGISTRAR OF COMPANIES

Registration number: 06579705

The Livestock Auctioneers Association Limited

(A company limited by guarantee)

Unaudited Financial Statements

31 December 2023

image-name

 

The Livestock Auctioneers Association Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
The Livestock Auctioneers Association Limited
for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Livestock Auctioneers Association Limited for the year ended 31 December 2023 as set out on pages 2 to 3 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Livestock Auctioneers Association Limited, as a body, in accordance with the terms of our engagement letter dated 17 March 2022. Our work has been undertaken solely to prepare for your approval the accounts of The Livestock Auctioneers Association Limited and state those matters that we have agreed to state to the Board of Directors of The Livestock Auctioneers Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Livestock Auctioneers Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Livestock Auctioneers Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Livestock Auctioneers Association Limited. You consider that The Livestock Auctioneers Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Livestock Auctioneers Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

16 May 2024

 

The Livestock Auctioneers Association Limited

(Registration number: 06579705)
Balance Sheet as at 31 December 2023

2023
£

2022
£

Fixed assets

 

22,950

32,145

Current assets

 

834,746

858,868

Prepayments and accrued income

 

3,409

2,407

Creditors: Amounts falling due within one year

 

(55,508)

(20,171)

Net current assets

 

782,647

841,104

Total assets less current liabilities

 

805,597

873,249

Accruals and deferred income

 

(3,370)

(3,000)

   

802,227

870,249

Capital and reserves

 

802,227

870,249

 

The Livestock Auctioneers Association Limited

(Registration number: 06579705)
Balance Sheet as at 31 December 2023 (continued)

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Cobblethwaite
Wreay
CARLISLE
CA4 0RZ

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 3).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2023 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; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 May 2024
 

.........................................
A J Brown
Chairman