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REGISTERED NUMBER: 04157146 (England and Wales)









Unaudited Financial Statements

for the Year Ended

28 February 2023

for

Stodfold Kennels Limited

Stodfold Kennels Limited (Registered number: 04157146)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Stodfold Kennels Limited (Registered number: 04157146)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 196,161 206,299
196,161 206,299

CURRENT ASSETS
Debtors 6 11,096 5,042
Cash at bank and in hand 100 1,687
11,196 6,729
CREDITORS
Amounts falling due within one year 7 (60,537 ) (30,940 )
NET CURRENT LIABILITIES (49,341 ) (24,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,820

182,088

CREDITORS
Amounts falling due after more than one
year

8

(122,893

)

(143,101

)
NET ASSETS 23,927 38,987

CAPITAL AND RESERVES
Called up share capital 10 154,001 154,001
Retained earnings (130,074 ) (115,014 )
SHAREHOLDERS' FUNDS 23,927 38,987

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 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.

Stodfold Kennels Limited (Registered number: 04157146)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2023 and were signed by:





M H Donaldson-Benn - Director


Stodfold Kennels Limited (Registered number: 04157146)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Stodfold Kennels 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: 04157146

Registered office: Stodfold Farm
Ogden
Halifax
West Yorkshire
HX2 8UL

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Going concern
The director has indicated that they will financially support the company for the foreseeable future and therefore it is appropriate to prepare the financial statements on the going concern basis.


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

Goodwill
Goodwill arising on the acquisition of subsidiary undertakings and businesses, representing any excess of fair value of the consideration given over the fair value of the identifiable assets and liabilities acquired, is capitalised and written off on a straight line basis over its economic life, which is 20 years. Provision is made for any impairment.

Stodfold Kennels Limited (Registered number: 04157146)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, other than freehold land, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Motor vehicles- 25% reducing balance
Land- no depreciation charged
Buildings- 4% straight line
Plant and machinery- 10% straight line
Fixtures, fittings and equipment- 10% straight line


Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The need for any fixed asset impairment write down is assessed by comparison of the carrying value of the assets against the higher of realisable value and value in use.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

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.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - other debtors, cash and bank balances, trade creditors, other creditors, bank loans and hire purchase contracts.

Other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

Stodfold Kennels Limited (Registered number: 04157146)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 24,000
AMORTISATION
At 1 March 2022
and 28 February 2023 24,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

Stodfold Kennels Limited (Registered number: 04157146)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 294,881 12,737 307,618
DEPRECIATION
At 1 March 2022 94,240 7,079 101,319
Charge for year 9,429 709 10,138
At 28 February 2023 103,669 7,788 111,457
NET BOOK VALUE
At 28 February 2023 191,212 4,949 196,161
At 28 February 2022 200,641 5,658 206,299

Included in cost of land and buildings is freehold land of £ 59,147 (2022 - £ 59,147 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 11,096 5,042

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,399 6,275
Trade creditors 2,130 5,024
Taxation and social security - 167
Other creditors 49,008 19,474
60,537 30,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 87,144 94,540
Other creditors 35,749 48,561
122,893 143,101

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 49,742 63,902

Stodfold Kennels Limited (Registered number: 04157146)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 75,048 78,999

Bank loans are secured by way of a fixed and floating charge over the company's assets.

10. CALLED UP SHARE CAPITAL

2023 2022
£ £
Allotted, issued and fully paid 154,001 154,001