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Filleted

Registration number: 00089479

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Company Information

Directors

Mr H R Davies

Mr D M Davies

Mr A D Morgan

Mr B I Williams

Mr J E M Hughes

Mr I O Richards

Mr H J Davies

Company secretary

Mrs R Harries

Registered office

Suite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

(Registration number: 00089479)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

87,859

87,279

Current assets

 

Cash at bank and in hand

 

220,854

221,056

Creditors: Amounts falling due within one year

6

(2,467)

(2,348)

Net current assets

 

218,387

218,708

Net assets

 

306,246

305,987

Capital and reserves

 

Called up share capital

2,317

2,317

Other reserves

97,750

97,750

Profit and loss account

206,179

205,920

Total equity

 

306,246

305,987

For the financial year ending 31 December 2024 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 

.........................................
Mr J E M Hughes
Director

   
     
 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Suite 3 & 6
Block B
Llys y Barcud
Cross Hands
SA14 6RX

These financial statements were authorised for issue by the Board on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

166

34

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

87,176

43,194

130,370

Additions

-

745

745

At 31 December 2024

87,176

43,939

131,115

Depreciation

At 1 January 2024

-

43,091

43,091

Charge for the year

-

165

165

At 31 December 2024

-

43,256

43,256

Carrying amount

At 31 December 2024

87,176

683

87,859

At 31 December 2023

87,176

103

87,279

Included within the net book value of land and buildings above is £87,176 (2023 - £87,176) in respect of freehold land and buildings.
 

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

186

135

Taxation and social security

 

681

693

Other creditors

 

1,600

1,520

 

2,467

2,348

7

Share capital

Allotted, called up and fully paid shares

 

Llandeilo and District Cattle Market & Auction Mart Co Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2,317

2,317

2,317

2,317