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REGISTERED NUMBER: 11222699 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Ampfield Liveries Ltd

Ampfield Liveries Ltd (Registered number: 11222699)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ampfield Liveries Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs A E Beck
Mrs G E Weston





REGISTERED OFFICE: Lower Farm
Lower Farm Lane
Ampfield
Romsey
Hampshire
SO51 9BP





REGISTERED NUMBER: 11222699 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Ampfield Liveries Ltd (Registered number: 11222699)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 425 425
Debtors 4 35,296 43,258
Cash at bank 1,294 531
37,015 44,214
CREDITORS
Amounts falling due within one year 5 26,433 19,065
NET CURRENT ASSETS 10,582 25,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,582

25,149

CREDITORS
Amounts falling due after more than one
year

6

13,515

20,279
NET (LIABILITIES)/ASSETS (2,933 ) 4,870

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (2,935 ) 4,868
(2,933 ) 4,870

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.

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 November 2023 and were signed on its behalf by:



Mrs G E Weston - Director


Ampfield Liveries Ltd (Registered number: 11222699)

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

1. STATUTORY INFORMATION

Ampfield Liveries 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.

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

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Ampfield Liveries Ltd (Registered number: 11222699)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,014 11,948
Weston Warmbloods Limited 26,007 31,310
Deferred tax asset 275 -
35,296 43,258

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,396 5,626
Trade creditors 2,766 2,775
Tax 524 5,464
Social security and other taxes 1,078 1,683
Other creditors 2,813 453
Directors' current accounts 5,511 1,809
Accrued expenses 1,345 1,255
26,433 19,065

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 13,515 20,279

7. DEFERRED TAX
£   
Losses (275 )
Balance at 28 February 2023 (275 )

8. RELATED PARTY DISCLOSURES

Ms A Beck
Director and shareholder

The amount owed to Ms A Beck at the year end was £5,511 (2022: £1,809). During the year Ms A Beck was paid dividends of £nil (2022: £2,000).

9. GOING CONCERN

The company remains reliant on the financial support of the director. Having considered a period of twelve months from the date of approving these financial statements, the director believes there will be an improvement in cash inflows. She has also agreed not to withdraw her loan if it would render the company unable to meet its financial obligations. On this basis, the accounts have been prepared on a going concern basis.