REGISTERED NUMBER: SC158324 (Scotland)

Border Livestock Exchange Limited

Unaudited Financial Statements

for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

B Ruthven

Mrs L Ruthven

Miss E A James

R J Scott

Mrs N Scott

Secretary:

Mrs N Scott

Registered office:

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Business address:

11/3 Horsemarket

Kelso

Roxburghshire

TD5 7HE

Registered number:

SC158324 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

5,809

36,241

Current assets

Debtors

5

136,328

76,982

Cash at bank and in hand

193,761

776,266

330,089

853,248

Creditors

Amounts falling due within one year

6

330,890

889,481

Net current liabilities

(801

)

(36,233

)

Total assets less current liabilities

5,008

8

Capital and reserves

Called up share capital

8

8

Retained earnings

5,000

-

Shareholders' funds

5,008

8

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 25th June 2026 and were signed on its behalf by:

B Ruthven - Director

1.	Statutory information

Border Livestock Exchange 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, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of auctioneer, broker and agent services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

33% on cost, 25% on cost and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, other creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors, other creditors and accruals are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Leasing commitments

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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 3 ) .

4.	Tangible fixed assets

Fixtures,

fittings

and

Motor

equipment

vehicles

Totals

£

£

£

Cost

At 1st January 2025

41,454

50,442

91,896

Additions

1,782

-

1,782

Disposals

-

(50,442

)

(50,442

)

At 31st December 2025

43,236

-

43,236

Depreciation

At 1st January 2025

33,586

22,069

55,655

Charge for year

3,841

(22,069

)

(18,228

)

At 31st December 2025

37,427

-

37,427

Net book value

At 31st December 2025

5,809

-

5,809

At 31st December 2024

7,868

28,373

36,241

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

132,825

61,224

Other debtors

3,503

15,758

136,328

76,982

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

59,141

57,773

Taxation and social security

89,302

58,426

Other creditors

182,447

773,282

330,890

889,481