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REGISTERED NUMBER: 04856918 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Jill Carenza Equestrian Ltd

Jill Carenza Equestrian Ltd (Registered number: 04856918)






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


Jill Carenza Equestrian Ltd

Company Information
for the year ended 28 February 2023







DIRECTORS: Mrs J P Carenza
Ms K J Langsbury
Miss E A Carenza





SECRETARY: Ms K J Langsbury





REGISTERED OFFICE: Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN





REGISTERED NUMBER: 04856918 (England and Wales)





ACCOUNTANTS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Jill Carenza Equestrian Ltd (Registered number: 04856918)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,976 61,861

CURRENT ASSETS
Stocks 134,150 122,650
Debtors 5 63,330 65,887
Cash at bank and in hand 3,506 7,460
200,986 195,997
CREDITORS
Amounts falling due within one year 6 171,325 151,277
NET CURRENT ASSETS 29,661 44,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,637

106,581

CREDITORS
Amounts falling due after more than one
year

7

(28,372

)

(35,776

)

PROVISIONS FOR LIABILITIES (4,132 ) (4,081 )
NET ASSETS 51,133 66,724

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 50,633 66,224
SHAREHOLDERS' FUNDS 51,133 66,724

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.

Jill Carenza Equestrian Ltd (Registered number: 04856918)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:





Ms K J Langsbury - Director


Jill Carenza Equestrian Ltd (Registered number: 04856918)

Notes to the Financial Statements
for the year ended 28 February 2023

1. STATUTORY INFORMATION

Jill Carenza Equestrian Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

The presentation currency of these financial statements is sterling (£) and they are rounded to the nearest £1.

Going concern basis of accounting
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern which the directors consider is appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services - Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over the life of the asset
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Jill Carenza Equestrian Ltd (Registered number: 04856918)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 31 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 47,800 110,658 158,458
DEPRECIATION
At 1 March 2022 8,511 88,086 96,597
Charge for year 1,964 5,921 7,885
At 28 February 2023 10,475 94,007 104,482
NET BOOK VALUE
At 28 February 2023 37,325 16,651 53,976
At 28 February 2022 39,289 22,572 61,861

Jill Carenza Equestrian Ltd (Registered number: 04856918)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 11,922 8,822
Directors' current accounts 28,703 33,930
S455 tax debtor 17,004 20,197
VAT - 2,938
Prepayments 5,701 -
63,330 65,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 32,383 32,427
Hire purchase contracts 3,109 8,718
Trade creditors 62,246 53,814
Tax 30,326 42,130
Social security and other taxes 16,881 2,395
VAT 80 -
Other creditors 15,574 6,026
Wages control account 4,147 1,243
Accrued expenses 6,579 4,524
171,325 151,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 10,000 9,167
Bank loans - 2-5 years 18,372 22,500
Bank loans over 5 years - 1,000
Hire purchase contracts - 3,109
28,372 35,776

Jill Carenza Equestrian Ltd (Registered number: 04856918)

Notes to the Financial Statements - continued
for the year ended 28 February 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdrafts 25,104 22,427
Hire purchase contracts 3,109 11,827
28,213 34,254

The bank overdraft is secured by a debenture dated 8/12/16 which includes a fixed charge over certain assets and a floating charge over all assets of the company. The hire purchase liabilities are secured on the related tangible fixed assets.

9. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £1,620 (2022: £4,860).

10. 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:

28.2.23 28.2.22
£    £   
Mrs J P Carenza
Balance outstanding at start of year 33,929 57,955
Amounts advanced 67,269 52,334
Amounts repaid (72,495 ) (76,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,703 33,929

The outstanding balance balance attracts no interest and has no fixed repayment terms