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REGISTERED NUMBER: 11740483 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2022

for

Campbell Sport Horses Limited

Campbell Sport Horses Limited (Registered number: 11740483)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Campbell Sport Horses Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mrs M A Campbell
N I Campbell





REGISTERED OFFICE: Lynt Farm Stables
Lynt Farm Lane
Inglesham
Swindon
SN6 7QZ





REGISTERED NUMBER: 11740483 (England and Wales)





ACCOUNTANTS: Ellis Dennis Warwick LLP
107 Church Lane
Mill End
Rickmansworth
Hertfordshire
WD3 8PU

Campbell Sport Horses Limited (Registered number: 11740483)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,716 19,102

CURRENT ASSETS
Stocks 16,122 12,622
Debtors 5 9,806 11,634
Cash at bank 25,129 4,758
51,057 29,014
CREDITORS
Amounts falling due within one year 6 17,083 10,503
NET CURRENT ASSETS 33,974 18,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,690

37,613

PROVISIONS FOR LIABILITIES 2,345 1,015
NET ASSETS 53,345 36,598

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,245 36,498
SHAREHOLDERS' FUNDS 53,345 36,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Campbell Sport Horses Limited (Registered number: 11740483)

Balance Sheet - continued
31 December 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:




Mrs M A Campbell - Director



N I Campbell - Director


Campbell Sport Horses Limited (Registered number: 11740483)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Campbell Sport Horses Limited is a private company, limited by shares , 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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

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 etc - 25% on cost, 20% on cost and 15% 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 Income Statement, 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.


Campbell Sport Horses Limited (Registered number: 11740483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 31,931
Additions 6,795
Disposals (524 )
At 31 December 2022 38,202
DEPRECIATION
At 1 January 2022 12,829
Charge for year 4,105
Eliminated on disposal (448 )
At 31 December 2022 16,486
NET BOOK VALUE
At 31 December 2022 21,716
At 31 December 2021 19,102

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 2,371 866
Other debtors 7,435 10,768
9,806 11,634

Campbell Sport Horses Limited (Registered number: 11740483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors - 1,125
Taxation and social security 12,174 7,344
Other creditors 4,909 2,034
17,083 10,503

7. RELATED PARTY DISCLOSURES

During the year the company paid the directors £16,943 (2021: £2,600l) in rent for the premises.
The company also received £7,800 (2021: £7,800) for livery services from Marnie Malgarin Limited, a
company jointly controlled by the directors.
These were considered to be at arm's length.