The Livestock Auctioneers Association Limited - Period Ending 2017-12-31

Registration number: 06579705

The Livestock Auctioneers Association Limited

Unaudited Financial Statements

31 December 2017

The Livestock Auctioneers Association Limited

Contents

Accountants' Report	1
Balance Sheet	2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Livestock Auctioneers Association Limited
for the Year Ended 31 December 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Livestock Auctioneers Association Limited for the year ended 31 December 2017 as set out on pages 2 to 3 from the company's accounting records and from information and explanations you have given us.

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Livestock Auctioneers Association Limited, as a body, in accordance with the terms of our engagement letter dated 1 May 2013. Our work has been undertaken solely to prepare for your approval the accounts of The Livestock Auctioneers Association Limited and state those matters that we have agreed to state to the Board of Directors of The Livestock Auctioneers Association Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Livestock Auctioneers Association Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Livestock Auctioneers Association Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of The Livestock Auctioneers Association Limited. You consider that The Livestock Auctioneers Association Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of The Livestock Auctioneers Association Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

20 May 2018

Page 1

The Livestock Auctioneers Association Limited

(Registration number: 06579705)
Balance Sheet as at 31 December 2017

		2017 £	2016 £
Fixed assets		550	1,354
Current assets		679,150	643,031
Prepayments and accrued income		13,960	2,861
Creditors: Amounts falling due within one year		(29,170)	(22,043)
Net current assets		663,940	623,849
Total assets less current liabilities		664,490	625,203
Accruals and deferred income		(4,431)	(4,286)
		660,059	620,917
Capital and reserves		660,059	620,917

Page 2

The Livestock Auctioneers Association Limited

(Registration number: 06579705)
Balance Sheet as at 31 December 2017 (continued)

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cobblethwaite
Wreay
CARLISLE
CA4 0RZ

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2016 - 2).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 December 2017 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.

Approved and authorised by the Board on 20 May 2018 and signed on its behalf by:
 

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

J H Brereton
Director

Page 3