Registered number: 03954907 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
Mrs. E. Steavenson | ||||||||
REGISTERED OFFICE | ||||||||
Hampshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
819,180 | 853,273 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 408,188 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 21,740 | 31,446 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Profit and loss account | 334,757 | 336,170 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Short Leasehold Properties | reducing balance 10% | |||||||
Plant and Machinery | reducing balance 25% | |||||||
Fixtures and Fittings | reducing 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 | ||||||||
CRAZY HORSES LIMITED | ||||||||
1f. Leasing Commitments | ||||||||
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 | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 April 2022 | 25,000 | 25,000 | ||
At 31 March 2023 | 25,000 | 25,000 | ||
Depreciation | ||||
At 1 April 2022 | 25,000 | 25,000 | ||
At 31 March 2023 | 25,000 | 25,000 | ||
Net Book Amounts | ||||
At 31 March 2023 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Short Leasehold | Plant and | Fixtures | ||||||||
Properties | Machinery | and Fittings | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 1 April 2022 | 4,055 | 23,053 | 46,406 | - | 73,514 | |||||
Additions | - | - | 1,321 | 111,476 | 112,797 | |||||
Disposals | (4,056) | (20,624) | (14,492) | - | (39,172) | |||||
At 31 March 2023 | (1) | 2,429 | 33,235 | 111,476 | 147,139 | |||||
Depreciation | ||||||||||
At 1 April 2022 | 1,099 | 21,608 | 39,853 | - | 62,560 | |||||
Disposals | (1,099) | (19,282) | (13,289) | - | (33,670) | |||||
For the year | - | 26 | 1,668 | - | 1,694 | |||||
At 31 March 2023 | - | 2,352 | 28,232 | - | 30,584 | |||||
Net Book Amounts | ||||||||||
At 31 March 2023 | (1) | 116,555 | ||||||||
At 31 March 2022 | 2,956 | 10,954 | ||||||||
CRAZY HORSES LIMITED | ||||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 186,569 | 167,915 | ||||||
Other debtors | 1,480 | 1,480 | ||||||
Prepayments | 9,911 | 2,000 | ||||||
197,960 | 171,395 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 30,337 | 28,069 | ||||||
VAT | 33,819 | 33,037 | ||||||
PAYE control | 3,492 | 3,089 | ||||||
Directors current account | 19 | 46 | ||||||
Bank Loan | 10,648 | 10,648 | ||||||
Hire purchase | 100,000 | - | ||||||
Trade creditors | 340,691 | 320,606 | ||||||
Other creditors | 2,682 | 47,215 | ||||||
Accruals | 5,308 | 2,375 | ||||||
526,996 | 445,085 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans | 21,740 | 31,446 | ||||||
21,740 | 31,446 | |||||||
CRAZY HORSES LIMITED | ||||||||
8. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 5 | |||||
9. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 2,236 | 1,520 | ||||||
2,236 | 1,520 | |||||||
10. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
50000 | 50000 | |||||||
6 | 6 | |||||||
50,006 | 50,006 | |||||||
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 | |||||||||||||||||||||||||||||||||||||
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