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REGISTERED NUMBER: SC367803 (Scotland)











Unaudited Financial Statements for the Year Ended 31st December 2024

for

Thomson Roddick Scottish Auctions
Limited

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 7

Report of the Accountants 8

Thomson Roddick Scottish Auctions
Limited

Company Information
for the Year Ended 31st December 2024







DIRECTOR: Mrs S Sharp





REGISTERED OFFICE: Unit 2A
Irongray Industrial Estate
Dumfries
DUMFRIESSHIRE
DG2 0JE





REGISTERED NUMBER: SC367803 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 80,250 93,250
Tangible assets 5 1,043,966 1,048,825
Investments 6 20,000 20,000
1,144,216 1,162,075

CURRENT ASSETS
Debtors 7 35,895 24,307
Cash at bank and in hand 414,962 361,213
450,857 385,520
CREDITORS
Amounts falling due within one year 8 370,456 469,787
NET CURRENT ASSETS/(LIABILITIES) 80,401 (84,267 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,224,617

1,077,808

CREDITORS
Amounts falling due after more than one year 9 (26,298 ) (108,615 )

PROVISIONS FOR LIABILITIES (23,283 ) (27,976 )
NET ASSETS 1,175,036 941,217

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,174,936 941,117
SHAREHOLDERS' FUNDS 1,175,036 941,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th August 2025 and were signed by:



Mrs S Sharp - Director


Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

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

1. STATUTORY INFORMATION

Thomson Roddick Scottish Auctions Limited is a private company, limited by shares , registered in Scotland. 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 from auctioneering, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount capitalised on incorporation of the business in 2010, was initially being amortised evenly over 20 years. In line with FRS102 Section 1A, the period of amortisation was reduced to 10 years in total, in 2016. There is no balance of this particular goodwill to be amortised.

The goodwill acquired in 2016 is being amortised evenly over 10 years.
The goodwill acquired in 2022 is being amortised evenly over 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

The assets are reviewed for impairment if there are any factors that indicate the carrying amount may be impaired.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value.
The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Financial instruments
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.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade 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.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 35 ) .

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2024
and 31st December 2024 170,000
AMORTISATION
At 1st January 2024 76,750
Charge for year 13,000
At 31st December 2024 89,750
NET BOOK VALUE
At 31st December 2024 80,250
At 31st December 2023 93,250

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024 855,480 403,151 1,258,631
Additions - 40,512 40,512
At 31st December 2024 855,480 443,663 1,299,143
DEPRECIATION
At 1st January 2024 - 209,806 209,806
Charge for year - 45,371 45,371
At 31st December 2024 - 255,177 255,177
NET BOOK VALUE
At 31st December 2024 855,480 188,486 1,043,966
At 31st December 2023 855,480 193,345 1,048,825

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2024 43,099
Additions 16,396
At 31st December 2024 59,495
DEPRECIATION
At 1st January 2024 10,774
Charge for year 12,181
At 31st December 2024 22,955
NET BOOK VALUE
At 31st December 2024 36,540
At 31st December 2023 32,325

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 20,000
NET BOOK VALUE
At 31st December 2024 20,000
At 31st December 2023 20,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35,895 24,307

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,493 20,493
Hire purchase contracts 10,000 -
Trade creditors 98,212 128,803
Taxation and social security 159,402 152,385
Other creditors 72,349 168,106
370,456 469,787

Thomson Roddick Scottish Auctions
Limited (Registered number: SC367803)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 25,465 108,615
Hire purchase contracts 833 -
26,298 108,615

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 55,784

10. RELATED PARTY DISCLOSURES

Directors Loan Account

At 31st December 2024, the company owed the director of the company, Mrs Sharp £72,349 (2023 - £106,505) by way of a director's loan. This sum is repayable on demand and no interest is charged on the sum advanced.

Thomson Roddick Scottish Auctions
Limited

Report of the Accountants to the Director of
Thomson Roddick Scottish Auctions
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st December 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


12th August 2025