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REGISTERED NUMBER: 08299780 (England and Wales)















M B EQUESTRIAN LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2021






M B EQUESTRIAN LIMITED (REGISTERED NUMBER: 08299780)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M B EQUESTRIAN LIMITED

Company Information
for the year ended 31 December 2021







DIRECTORS: M F Bevan
Mrs M A Bevan





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 08299780 (England and Wales)





ACCOUNTANTS: Phoenix Business Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

M B EQUESTRIAN LIMITED (REGISTERED NUMBER: 08299780)

Balance Sheet
31 December 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 523 617

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 1,578 573
Cash at bank 41,636 31,567
44,214 33,140
CREDITORS
Amounts falling due within one year 6 4,028 1,823
NET CURRENT ASSETS 40,186 31,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,709

31,934

PROVISIONS FOR LIABILITIES 99 117
NET ASSETS 40,610 31,817

RESERVES
Income and expenditure account 40,610 31,817
40,610 31,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 surplus or deficit 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.

M B EQUESTRIAN LIMITED (REGISTERED NUMBER: 08299780)

Balance Sheet - continued
31 December 2021


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2022 and were signed on its behalf by:




M F Bevan - Director



Mrs M A Bevan - Director


M B EQUESTRIAN LIMITED (REGISTERED NUMBER: 08299780)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

M B Equestrian Limited is a private company, limited by guarantee , 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Holiday pay accrual
The liability is recognised when an employee has provided service in exchange for benefits to be paid in the future.

M B EQUESTRIAN LIMITED (REGISTERED NUMBER: 08299780)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 1,315
DEPRECIATION
At 1 January 2021 698
Charge for year 94
At 31 December 2021 792
NET BOOK VALUE
At 31 December 2021 523
At 31 December 2020 617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 720 -
Other debtors 858 573
1,578 573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade creditors 707 81
Taxation and social security 2,179 582
Other creditors 1,142 1,160
4,028 1,823

7. ULTIMATE CONTROLLING PARTY

The company considers its Directors to have joint control over the company.

8. LIMITED BY GUARANTEE

The Company was incorporated on 20th November 2012 and is limited by guarantee.