03954907falsethe supply of promotional plastic, fabric and paper baga and associated products2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-03-31http://www.companieshouse.gov.uk/cd:Director12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-04-012023-03-31http://www.companieshouse.gov.uk/pt:MotorCars2022-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22022-04-012023-03-31http://www.companieshouse.gov.uk/pt:MotorCars2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2022-04-012023-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-03-31http://www.companieshouse.gov.uk/2022-04-012023-03-31http://www.companieshouse.gov.uk/2022-03-31http://www.companieshouse.gov.uk/cd:FRS1022022-04-012023-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-04-012023-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-04-012023-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03954907

CRAZY HORSES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023

Prepared By:
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

CRAZY HORSES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
DIRECTORS
Mr. A. Steavenson
SECRETARY
Mrs. E. Steavenson
REGISTERED OFFICE
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03954907
ACCOUNTANTS
Hope Jones
Chartered Accountants and Registered Auditors
Dunlop House
23a Spencer Road
New Milton
Hampshire
BH25 6BZ

CRAZY HORSES LIMITED

ACCOUNTS
FOR THEYEARENDED31 MARCH 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

CRAZY HORSES LIMITED

BALANCE SHEET AT 31 March 2023
20232022
Notes££
FIXED ASSETS
Tangible assets3116,55510,954
CURRENT ASSETS
Stock366,639347,384
Debtors5197,960171,395
Cash at bank and in hand254,581334,494
819,180853,273
CREDITORS: Amounts falling due within one year6526,996445,085
NET CURRENT ASSETS292,184408,188
TOTAL ASSETS LESS CURRENT LIABILITIES408,739419,142
CREDITORS: Amounts falling due after more than one year721,74031,446
PROVISIONS FOR LIABILITIES AND CHARGES92,2361,520
NET ASSETS384,763386,176
CAPITAL AND RESERVES
Called up share capital1050,00650,006
Profit and loss account334,757336,170
SHAREHOLDERS' FUNDS384,763386,176
For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20 October 2023 and signed on their behalf by
.............................
Mr. A. Steavenson
Director

CRAZY HORSES LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesreducing balance 10%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

CRAZY HORSES LIMITED

1f. Leasing Commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 April 202225,00025,000
At 31 March 202325,00025,000
Depreciation
At 1 April 202225,00025,000
At 31 March 202325,00025,000
Net Book Amounts
At 31 March 2023--
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsMotor CarsTotal
£££££
Cost
At 1 April 20224,05523,05346,406-73,514
Additions--1,321111,476112,797
Disposals(4,056)(20,624)(14,492)-(39,172)
At 31 March 2023(1)2,42933,235111,476147,139
Depreciation
At 1 April 20221,09921,60839,853-62,560
Disposals(1,099)(19,282)(13,289)-(33,670)
For the year-261,668-1,694
At 31 March 2023-2,35228,232-30,584
Net Book Amounts
At 31 March 2023(1)775,003111,476116,555
At 31 March 20222,9561,4456,553-10,954

CRAZY HORSES LIMITED

4. STOCK 20232022
££
Stock comprises:
Stock366,639347,384
366,639347,384
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors186,569167,915
Other debtors1,4801,480
Prepayments9,9112,000
197,960171,395
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax30,33728,069
VAT33,81933,037
PAYE control3,4923,089
Directors current account1946
Bank Loan10,64810,648
Hire purchase100,000-
Trade creditors340,691320,606
Other creditors2,68247,215
Accruals5,3082,375
526,996445,085
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans21,74031,446
21,74031,446

CRAZY HORSES LIMITED

8. EMPLOYEES
20232022
No.No.
Average number of employees55
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation2,2361,520
2,2361,520
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
50000 Ordinary shares of £1 each5000050000
6 Deferred A-F of £1 each66
50,00650,006
11. CONTROLLING PARTY
The company is controlled by Mr. A. Steavenson and Mrs. E. Steavenson who, together, own the majority of the issued share capital.
12. RELATED PARTY TRANSACTIONS
During the year to 31st March 2023 Crazy Horses Limited invoiced Amspac Limited, a company in which Mr. A. Steavenson is a director and shareholder £45,658 (2022 - £17,314) for goods and services.
At the year end the amount due to Crazy Horses Limited amounted to £1,480 (2021 - £1,480).