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REGISTERED NUMBER: 05024367 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

T C FEEDS & TACK HAVEN LIMITED

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T C FEEDS & TACK HAVEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs T C Wise
Mr A G Sinfield-Green





REGISTERED OFFICE: Dove House Farm
Dove House Lane
Kensworth
Dunstable
Bedfordshire
LU6 2PQ





REGISTERED NUMBER: 05024367 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 800 -
Tangible assets 4 68,207 70,721
69,007 70,721

CURRENT ASSETS
Stocks 384,216 343,050
Debtors 5 17,722 18,723
Prepayments and accrued income 5,219 5,902
Cash at bank and in hand 107,706 38,436
514,863 406,111
CREDITORS
Amounts falling due within one year 6 279,633 204,282
NET CURRENT ASSETS 235,230 201,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

304,237

272,550

CREDITORS
Amounts falling due after more than one
year

7

(1,125

)

(7,875

)

PROVISIONS FOR LIABILITIES (17,050 ) (13,437 )

ACCRUALS AND DEFERRED INCOME (3,343 ) (3,460 )
NET ASSETS 282,719 247,778

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 272,719 237,778
SHAREHOLDERS' FUNDS 282,719 247,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 5 October 2023 and were signed on its behalf by:





Mrs T C Wise - Director


T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, was amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Customer database is being amortised evenly over its estimated useful life of nil years.

Patents
A patent was acquired for the company logo. This has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.


T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 March 2022 25,000 650 25,650
Additions - 1,000 1,000
At 28 February 2023 25,000 1,650 26,650
AMORTISATION
At 1 March 2022 25,000 650 25,650
Charge for year - 200 200
At 28 February 2023 25,000 850 25,850
NET BOOK VALUE
At 28 February 2023 - 800 800
At 28 February 2022 - - -

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2022 87,820 76,437 36,109
Additions - 12,775 -
At 28 February 2023 87,820 89,212 36,109
DEPRECIATION
At 1 March 2022 74,068 35,922 28,904
Charge for year 4,155 7,992 1,081
At 28 February 2023 78,223 43,914 29,985
NET BOOK VALUE
At 28 February 2023 9,597 45,298 6,124
At 28 February 2022 13,752 40,515 7,205

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 26,364 20,278 247,008
Additions - 522 13,297
At 28 February 2023 26,364 20,800 260,305
DEPRECIATION
At 1 March 2022 21,282 16,111 176,287
Charge for year 1,016 1,567 15,811
At 28 February 2023 22,298 17,678 192,098
NET BOOK VALUE
At 28 February 2023 4,066 3,122 68,207
At 28 February 2022 5,082 4,167 70,721

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2022
and 28 February 2023 37,000
DEPRECIATION
At 1 March 2022 10,268
Charge for year 4,010
At 28 February 2023 14,278
NET BOOK VALUE
At 28 February 2023 22,722
At 28 February 2022 26,732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,413 5,580
Other debtors 11,309 13,143
17,722 18,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,750 6,750
Trade creditors 246,428 185,201
Taxation and social security 22,931 9,547
Other creditors 3,524 2,784
279,633 204,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 1,125 7,875

T C FEEDS & TACK HAVEN LIMITED (REGISTERED NUMBER: 05024367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 7,875 14,625

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mrs T C Wise
Balance outstanding at start of year 2,004 -
Amounts advanced - 2,004
Amounts repaid (3,004 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,000 ) 2,004