John Jeffery (Auctioneers) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

John Jeffery (Auctioneers) Limited

Company Information

Directors

S H G Whaley A I Soutar

Company secretary

Mrs A Thorne

Registered office

The Livestock Market Salisbury Road Netherhampton Salisbury Wiltshire SP2 8RH

Accountants

PKF Francis Clark Chartered AccountantsTowngate House 2-8 Parkstone Road Poole Dorset BH15 2PW

John Jeffery (Auctioneers) Limited

Balance Sheet

30 June 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	-
Tangible assets	5	62,800	76,525
Investments	6	1	1
		62,801	76,526
Current assets
Debtors	7	1,432,831	1,508,329
Cash at bank and in hand		603,018	1,029,864
		2,035,849	2,538,193
Creditors: Amounts falling due within one year	8	(999,392)	(1,621,836)
Net current assets		1,036,457	916,357
Total assets less current liabilities		1,099,258	992,883
Provisions for liabilities		(11,309)	(15,301)
Net assets		1,087,949	977,582
Capital and reserves
Called up share capital	10	76,000	76,000
Profit and loss account		1,011,949	901,582
Shareholders' funds		1,087,949	977,582

John Jeffery (Auctioneers) Limited

Balance Sheet

30 June 2025

For the financial year ending 30 June 2025 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 January 2026 and signed on its behalf by:
 

......................................... S H G Whaley Director

John Jeffery (Auctioneers) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

1	General information

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

The address of its registered office is:
The Livestock Market
Salisbury Road
Netherhampton
Salisbury
Wiltshire
SP2 8RH
United Kingdom

These financial statements were authorised for issue by the Board on 2 January 2026.

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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

At times the company meets its day to day working capital requirements through the use of an overdraft facility which is repayable on demand.

The financial statements have been prepared on a going concern basis assuming the continued support of the company's bank and do not include any adjustment that could result from a withdrawal or reduction of the overdraft facility.

Revenue recognition

Turnover represents amounts derived from the provision of goods and services falling within the company's activities after deduction of value added tax.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

John Jeffery (Auctioneers) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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.

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
Freehold property	not provided
Long leasehold property	not provided
Leasehold improvements	over length of lease
Fixtures and fittings	10% - 25% on cost
Motor vehicles	25% on reducing balance
Computer equipment	25% on cost

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1987, has been fully written off.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

John Jeffery (Auctioneers) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 23).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2024	15,150	15,150
At 30 June 2025	15,150	15,150
Amortisation
At 1 July 2024	15,150	15,150
At 30 June 2025	15,150	15,150
Carrying amount
At 30 June 2025	-	-
At 30 June 2024	-	-

John Jeffery (Auctioneers) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 July 2024	353,927	82,853	436,780
Additions	15,327	-	15,327
At 30 June 2025	369,254	82,853	452,107
Depreciation
At 1 July 2024	294,268	65,987	360,255
Charge for the year	24,835	4,217	29,052
At 30 June 2025	319,103	70,204	389,307
Carrying amount
At 30 June 2025	50,151	12,649	62,800
At 30 June 2024	59,659	16,866	76,525

John Jeffery (Auctioneers) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	1	1