Registered number
06516412
Board Riding Development Limited
Unaudited Filleted Accounts
28 February 2023
Board Riding Development Limited
Registered number: 06516412
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,311 22,928
Current assets
Debtors 4 100 (7,900)
Cash at bank and in hand 9,853 25,112
9,953 17,212
Creditors: amounts falling due within one year 5 (14,855) (25,534)
Net current liabilities (4,902) (8,322)
Total assets less current liabilities 16,409 14,606
Creditors: amounts falling due after more than one year 6 (5,068) (6,696)
Net assets 11,341 7,910
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,241 7,810
Shareholders' funds 11,341 7,910
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ben Room
Director
Approved by the board on 31 October 2023
Board Riding Development Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 34,696 8,800 43,496
Additions 879 - 879
At 28 February 2023 35,575 8,800 44,375
Depreciation
At 1 March 2022 13,798 6,770 20,568
Charge for the year 2,090 406 2,496
At 28 February 2023 15,888 7,176 23,064
Net book value
At 28 February 2023 19,687 1,624 21,311
At 28 February 2022 20,898 2,030 22,928
4 Debtors 2023 2022
£ £
Other debtors 100 (7,900)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 14,855 25,534
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,068 6,696
7 Other information
Board Riding Development Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is:
The Old Visitors Centre
Pembrey
Burry Port
Wales
SA16 0EJ
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