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Registered number: 09778366

Canter Equestrian Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2022

Prepared By:
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Canter Equestrian Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2022
DIRECTORS
Miss R L Miller
REGISTERED OFFICE
3 Parc Alun
Mold
Flintshire
CH7 1LQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09778366
ACCOUNTANTS
Hill and Roberts Limited
Chartered Accountants
50 High Street
Mold
Flintshire
CH7 1BH

Canter Equestrian Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2022
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-

Canter Equestrian Ltd

BALANCE SHEET AT 31/10/2022
20222021
Notes££
FIXED ASSETS
Intangible assets311,49015,321
Tangible assets4509679
11,99916,000
CURRENT ASSETS
Stock30,68333,656
Debtors64,1305,353
Cash at bank and in hand13,53024,913
48,34363,922
CREDITORS: Amounts falling due within one year747,58259,396
NET CURRENT ASSETS7614,526
TOTAL ASSETS LESS CURRENT LIABILITIES12,76020,526
PROVISIONS FOR LIABILITIES AND CHARGES8129129
NET ASSETS12,63120,397
CAPITAL AND RESERVES
Called up share capital91010
Profit and loss account12,62120,387
SHAREHOLDERS' FUNDS12,63120,397
For the year ending 31/10/2022 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 27/10/2023 and signed on their behalf by
.............................
Miss R L Miller
Director

Canter Equestrian Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2022
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 section 1A - 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.
Plant and MachineryReducing balance 25%
EquipmentReducing balance 25%
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. 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.
2. EMPLOYEES
20222021
No.No.
Average number of employees22

Canter Equestrian Ltd

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/11/202135,02935,029
At 31/10/202235,02935,029
Depreciation
At 01/11/202119,70819,708
For the year3,8313,831
At 31/10/202223,53923,539
Net Book Amounts
At 31/10/202211,49011,490
At 31/10/202115,32115,321
4. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/11/20213261,0691,395
At 31/10/20223261,0691,395
Depreciation
At 01/11/2021102614716
For the year56114170
At 31/10/2022158728886
Net Book Amounts
At 31/10/2022168341509
At 31/10/2021224455679
5. STOCK 20222021
££
Stock comprises:
Stock30,68333,656
30,68333,656
6. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors-1,832
UK corporation tax2,73765
VAT1,3933,456
4,1305,353

Canter Equestrian Ltd

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
Directors current account4,1846,037
Bank Loan31,96235,698
Credit card8,15313,740
Trade creditors1,2222,196
Accruals2,0611,725
47,58259,396
8. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation129129
129129
9. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010