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REGISTERED NUMBER: 08218809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Online For Equine Limited

Online For Equine Limited (Registered number: 08218809)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Online For Equine Limited (Registered number: 08218809)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,933 32,664
Tangible assets 5 103,944 114,325
134,877 146,989

CURRENT ASSETS
Stocks 228,307 330,960
Debtors 6 26,617 50,469
Cash at bank and in hand 99,349 21,160
354,273 402,589
CREDITORS
Amounts falling due within one year 7 410,472 425,615
NET CURRENT LIABILITIES (56,199 ) (23,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,678

123,963

CREDITORS
Amounts falling due after more than one year 8 26,191 31,556
NET ASSETS 52,487 92,407

CAPITAL AND RESERVES
Called up share capital 21 21
Share premium 1,997 1,997
Retained earnings 50,469 90,389
SHAREHOLDERS' FUNDS 52,487 92,407

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 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.

Online For Equine Limited (Registered number: 08218809)

Statement of Financial Position - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2023 and were signed on its behalf by:





L K Thomas - Director


Online For Equine Limited (Registered number: 08218809)

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

1. STATUTORY INFORMATION

Online For Equine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08218809

Registered office: The Barn
Yew Tree Farm
London Road
Shirleywich
Staffordshire
ST18 0PN

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 2012, is being amortised evenly over its estimated useful life of twenty 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 nil 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 - 33% on cost, 10% on cost and 5% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
In the opinion of the director, continued financial support will be available such that the company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the financial support is not forthcoming, then this basis may be inappropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Online For Equine Limited (Registered number: 08218809)

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 20,000 23,395 43,395
AMORTISATION
At 1 April 2022 10,000 731 10,731
Charge for year 1,000 731 1,731
At 31 March 2023 11,000 1,462 12,462
NET BOOK VALUE
At 31 March 2023 9,000 21,933 30,933
At 31 March 2022 10,000 22,664 32,664

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 133,965
Additions 3,834
At 31 March 2023 137,799
DEPRECIATION
At 1 April 2022 19,640
Charge for year 14,215
At 31 March 2023 33,855
NET BOOK VALUE
At 31 March 2023 103,944
At 31 March 2022 114,325

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 779 1,199
Other debtors 25,838 49,270
26,617 50,469

Online For Equine Limited (Registered number: 08218809)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 93,626 118,778
Trade creditors 170,298 194,042
Taxation and social security 18,836 52,203
Other creditors 127,712 60,592
410,472 425,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 26,191 31,556