| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Brockholes Arms Auction Mart,Limited |
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31st March 2025 |
| for |
| Brockholes Arms Auction Mart,Limited |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Brockholes Arms Auction Mart,Limited |
| Company Information |
| for the Year Ended 31st March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| River View |
| 96 High Street |
| Garstang |
| Preston |
| Lancashire |
| PR3 1WZ |
| BANKERS: |
| Market Place |
| Garstang |
| Preston |
| Lancashire |
| PR3 1XD |
| SOLICITORS: |
| Cherestanc Square |
| Rope Walk |
| Garstang |
| Preston |
| PR3 1EF |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Balance Sheet |
| 31st March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 9 |
| Capital redemption reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Balance Sheet - continued |
| 31st March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2025 |
| 1. | STATUTORY INFORMATION |
| Brockholes Arms Auction Mart,Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced commission on sale of goods, excluding value added tax. |
| Tangible fixed assets |
| Freehold land | - |
| Rental units | - |
| Plant and machinery | - |
| Buildings, pens, hurdles and car park | - |
| Weighbridges | - |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
| Taxation |
| Taxation for the year comprises current and deferred tax. 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 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Rental | Plant and |
| land | units | machinery |
| £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| Buildings, |
| pens, |
| hurdles |
| and car |
| park | Weighbridges | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2024 |
| Additions |
| At 31st March 2025 |
| DEPRECIATION |
| At 1st April 2024 |
| Charge for year |
| At 31st March 2025 |
| NET BOOK VALUE |
| At 31st March 2025 |
| At 31st March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| Brockholes Arms Auction Mart,Limited (Registered number: 00221903) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| VAT | 23,369 | 29,433 |
| Accruals and deferred income |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loan |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Other loans |
| 9. | RESERVES |
| Capital |
| Retained | Share | redemption |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1st April 2024 | 639,213 |
| Profit for the year |
| At 31st March 2025 | 721,516 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the directors have sold livestock through the auction mart. All such transactions have been on normal trading terms at arms length. |