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REGISTERED NUMBER: 06963488 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

J P Compton Horsebox Services Ltd

J P Compton Horsebox Services Ltd (Registered number: 06963488)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


J P Compton Horsebox Services Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Compton





REGISTERED OFFICE: Broadacres
High Street
Brinkley
Newmarket
Suffolk
CB8 0SF





REGISTERED NUMBER: 06963488 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

J P Compton Horsebox Services Ltd (Registered number: 06963488)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,244 3,014
Tangible assets 5 70,537 51,433
72,781 54,447

CURRENT ASSETS
Debtors 6 17,386 11,353
Cash at bank and in hand 166,238 158,170
183,624 169,523
CREDITORS
Amounts falling due within one year 7 32,019 29,326
NET CURRENT ASSETS 151,605 140,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,386

194,644

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 224,376 194,634
SHAREHOLDERS' FUNDS 224,386 194,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2023 and were signed by:




J Compton - Director


J P Compton Horsebox Services Ltd (Registered number: 06963488)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

J P Compton Horsebox Services 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.

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

J P Compton Horsebox Services Ltd (Registered number: 06963488)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 24,000 3,847 27,847
AMORTISATION
At 1 April 2022 24,000 833 24,833
Charge for year - 770 770
At 31 March 2023 24,000 1,603 25,603
NET BOOK VALUE
At 31 March 2023 - 2,244 2,244
At 31 March 2022 - 3,014 3,014

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 115,944
Additions 32,643
At 31 March 2023 148,587
DEPRECIATION
At 1 April 2022 64,511
Charge for year 13,539
At 31 March 2023 78,050
NET BOOK VALUE
At 31 March 2023 70,537
At 31 March 2022 51,433

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 15,601 9,337
Other debtors 1,785 2,016
17,386 11,353

J P Compton Horsebox Services Ltd (Registered number: 06963488)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,198 6,158
Taxation and social security 20,146 17,990
Other creditors 1,675 5,178
32,019 29,326