Kelly's Donkeys Ltd 12440609 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is the welfare of donkeys and providing them for hire for visits, events, parties etc. Digita Accounts Production Advanced 6.30.9574.0 true true 12440609 2022-04-01 2023-03-31 12440609 2023-03-31 12440609 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 12440609 core:FurnitureFittingsToolsEquipment 2023-03-31 12440609 core:MotorVehicles 2023-03-31 12440609 bus:SmallEntities 2022-04-01 2023-03-31 12440609 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12440609 bus:FullAccounts 2022-04-01 2023-03-31 12440609 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 12440609 bus:RegisteredOffice 2022-04-01 2023-03-31 12440609 bus:Director1 2022-04-01 2023-03-31 12440609 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12440609 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 12440609 core:MotorVehicles 2022-04-01 2023-03-31 12440609 countries:EnglandWales 2022-04-01 2023-03-31 12440609 2022-03-31 12440609 core:FurnitureFittingsToolsEquipment 2022-03-31 12440609 core:MotorVehicles 2022-03-31 12440609 2021-04-01 2022-03-31 12440609 2022-03-31 12440609 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 12440609 core:FurnitureFittingsToolsEquipment 2022-03-31 12440609 core:MotorVehicles 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 12440609

Kelly's Donkeys Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Kelly's Donkeys Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Kelly's Donkeys Ltd

(Registration number: 12440609)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

18,000

30,750

Current assets

 

Cash at bank and in hand

 

12,162

14,121

Creditors: Amounts falling due within one year

5

(82,944)

(74,251)

Net current liabilities

 

(70,782)

(60,130)

Net liabilities

 

(52,782)

(29,380)

Capital and reserves

 

Called up share capital

101

101

Retained earnings

(52,883)

(29,481)

Shareholders' deficit

 

(52,782)

(29,380)

For the financial year ending 31 March 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2023 and signed on its behalf by:
 

.........................................
B L Baker
Director

 

Kelly's Donkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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:
Sams Corner Green Park Lane
Beckington
Frome
Somerset
BA11 6TT

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Kelly's Donkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

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 including horseboxes

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Kelly's Donkeys Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2022

2,000

52,000

54,000

Disposals

-

(12,000)

(12,000)

At 31 March 2023

2,000

40,000

42,000

Depreciation

At 1 April 2022

500

22,750

23,250

Charge for the year

375

5,625

6,000

Eliminated on disposal

-

(5,250)

(5,250)

At 31 March 2023

875

23,125

24,000

Net book value

At 31 March 2023

1,125

16,875

18,000

At 31 March 2022

1,500

29,250

30,750

5

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,737

1,484

Other creditors

81,207

72,767

82,944

74,251