REGISTERED NUMBER: 07059465 (England and Wales)

WELSHPOOL LIVESTOCK SALES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J O Evans

T E Evans

A H Turner

R D Evans

J G Lewis

M J Williams

D T L Jones

T J Davies

REGISTERED OFFICE:

The New Smithfield

Buttington Cross

Welshpool

Powys

SY21 8SR

REGISTERED NUMBER:

07059465 (England and Wales)

FIXED ASSETS

Intangible assets

4

166,250

201,250

Tangible assets

5

671,248

715,842

837,498

917,092

CURRENT ASSETS

Debtors

6

7,926,799

6,321,834

Cash at bank

19,317

19,317

7,946,116

6,341,151

CREDITORS

Amounts falling due within one year

7

7,272,798

6,231,534

NET CURRENT ASSETS

673,318

109,617

TOTAL ASSETS LESS CURRENT LIABILITIES

1,510,816

1,026,709

CREDITORS

Amounts falling due after more than one year

8

(55,406

)

(75,862

)

PROVISIONS FOR LIABILITIES

(150,160

)

(156,660

)

NET ASSETS

1,305,250

794,187

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,305,249

794,186

SHAREHOLDERS' FUNDS

1,305,250

794,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 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 Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by:

A H Turner - Director

1.	STATUTORY INFORMATION

Welshpool Livestock Sales 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 represents net invoiced sales, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% Straight Line

Market Equipment

-

4% Straight Line

Computer equipment

-

25% Straight Line

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

700,000

AMORTISATION

At 1 April 2024

498,750

Amortisation for year

35,000

At 31 March 2025

533,750

NET BOOK VALUE

At 31 March 2025

166,250

At 31 March 2024

201,250

5.	TANGIBLE FIXED ASSETS

Plant and

Market

Computer

machinery

Equipment

equipment

Totals

£

£

£

£

COST

At 1 April 2024

507,567

1,235,502

121,729

1,864,798

Additions

22,815

-

7,747

30,562

Disposals

(11,622

)

-

-

(11,622

)

At 31 March 2025

518,760

1,235,502

129,476

1,883,738

DEPRECIATION

At 1 April 2024

433,879

609,355

105,722

1,148,956

Charge for year

17,057

49,419

8,680

75,156

Eliminated on disposal

(11,622

)

-

-

(11,622

)

At 31 March 2025

439,314

658,774

114,402

1,212,490

NET BOOK VALUE

At 31 March 2025

79,446

576,728

15,074

671,248

At 31 March 2024

73,688

626,147

16,007

715,842

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,903,695

6,310,044

Other debtors

23,104

11,790

7,926,799

6,321,834

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,074,853

1,866,613

Trade creditors

3,280,378

2,664,157

Amounts owed to group undertakings

1,086,525

1,041,377

Taxation and social security

475,173

323,004

Other creditors

355,869

336,383

7,272,798

6,231,534

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

55,406

75,862

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

2,050,741

1,845,923

Bank loans

79,518

96,552

2,130,259

1,942,475

The bank overdraft is secured by fixed and floating charge over all the property or undertaking of the company.

10.	RELATED PARTY DISCLOSURES

At 31 March 2025 there was an amount due to the parent company of £1,086,525 (2024: £1,041,377), and included in other creditors were amounts due to the ultimate controlling party of £211,112 (2024: £211,112).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Welshpool Holdings Limited.

The ultimate controlling party is Messrs Morris Marshall & Poole with Norman Lloyd & Co who own 100% of the holding company's share capital.