Registration number: 06811541

The Sheffield Saleroom Limited

(Registration number: 06811541)

Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	52,610	68,708
Current assets
Debtors	4	25,447	27,075
Cash at bank and in hand		436,719	631,039
		462,166	658,114
Creditors: Amounts falling due within one year	5	(352,739)	(403,100)
Net current assets		109,427	255,014
Total assets less current liabilities		162,037	323,722
Provisions for liabilities		(1,177)	(8,716)
Net assets		160,860	315,006
Capital and reserves
Called up share capital		2	2
Retained earnings		160,858	315,004
Shareholders' funds		160,860	315,006

For the financial year ending 31 December 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

The Sheffield Saleroom Limited

(Registration number: 06811541)

Balance Sheet as at 31 December 2025 (continued)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 23 July 2026 and signed on its behalf by:
 

.........................................

E J Dashper-Johnson

Director

The Sheffield Saleroom Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	Accounting policies

Statutory information

The Sheffield Saleroom Limited is a private company, limited by shares, domiciled in England and Wales, company number 06811541. The registered office is at Sheffield Auction Gallery, Windsor Road Sheffield, S8 8UB.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred 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 income 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

The Sheffield Saleroom Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

1	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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
Motor vehicles	25% straight line per annum
Fixtures and fittings	25% straight line per annum
Office equipment	25% straight line per annum

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2024 - 22).

The Sheffield Saleroom Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Tangible assets

	Office equipment £	Motor vehicles  £	Fixtures and fittings £	Total £
Cost or valuation
At 1 January 2025	22,043	103,853	73,386	199,282
Additions	1,242	33,950	6,848	42,040
Disposals	-	(26,805)	-	(26,805)
At 31 December 2025	23,285	110,998	80,234	214,517
Depreciation
At 1 January 2025	18,957	49,387	62,230	130,574
Charge for the year	1,808	24,626	5,457	31,891
Eliminated on disposal	-	(558)	-	(558)
At 31 December 2025	20,765	73,455	67,687	161,907
Carrying amount
At 31 December 2025	2,520	37,543	12,547	52,610
At 31 December 2024	3,086	54,466	11,156	68,708

4

Debtors

	2025 £	2024 £
Trade debtors	14,524	3,850
Prepayments	10,884	13,223
Other debtors	39	10,002
	25,447	27,075

The Sheffield Saleroom Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5

Creditors

	2025 £	2024 £
Due within one year
Trade creditors	163,488	225,133
Taxation and social security	117,438	100,939
Other creditors	70,163	75,428
Accruals	1,650	1,600
	352,739	403,100

6	Financial commitments, guarantees and contingencies

As at the balance sheet date, the company had total commitments under non- cancellable operating leases over the remaining term of those leases of £16,416 (2024: £9,523).

7	Related party transactions

During the year the directors had a loan account with the company. At the balance sheet date the amount due from the director was nil (2024 : £10,000). The loan was interest free.

8	Parent and ultimate parent undertaking

The company's immediate parent is South Yorkshire Investments Limited, incorporated in England.

 The ultimate controlling party is Mrs E J Dashper-Johnson who owns South Yorkshire Investments Limited.