Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31true2022-08-01falseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04462975 2022-08-01 2023-07-31 04462975 2021-08-01 2022-07-31 04462975 2023-07-31 04462975 2022-07-31 04462975 c:Director1 2022-08-01 2023-07-31 04462975 d:PlantMachinery 2022-08-01 2023-07-31 04462975 d:PlantMachinery 2023-07-31 04462975 d:PlantMachinery 2022-07-31 04462975 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04462975 d:FurnitureFittings 2022-08-01 2023-07-31 04462975 d:FurnitureFittings 2023-07-31 04462975 d:FurnitureFittings 2022-07-31 04462975 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04462975 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 04462975 d:Goodwill 2023-07-31 04462975 d:Goodwill 2022-07-31 04462975 d:CurrentFinancialInstruments 2023-07-31 04462975 d:CurrentFinancialInstruments 2022-07-31 04462975 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04462975 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 04462975 d:ShareCapital 2023-07-31 04462975 d:ShareCapital 2022-07-31 04462975 d:RetainedEarningsAccumulatedLosses 2023-07-31 04462975 d:RetainedEarningsAccumulatedLosses 2022-07-31 04462975 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 04462975 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 04462975 c:FRS102 2022-08-01 2023-07-31 04462975 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 04462975 c:FullAccounts 2022-08-01 2023-07-31 04462975 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 04462975 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 04462975









THE SADDLERY TRAINING CENTRE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

 
THE SADDLERY TRAINING CENTRE LIMITED
REGISTERED NUMBER: 04462975

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
2,563
2,202

  
2,563
2,202

Current assets
  

Stocks
 6 
965
1,177

Debtors: amounts falling due within one year
 7 
3,855
1,326

Cash at bank and in hand
 8 
53,662
52,619

  
58,482
55,122

Creditors: amounts falling due within one year
 9 
(27,081)
(12,929)

Net current assets
  
 
 
31,401
 
 
42,193

Total assets less current liabilities
  
33,964
44,395

  

Net assets
  
33,964
44,395


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
33,864
44,295

  
33,964
44,395


Page 1

 
THE SADDLERY TRAINING CENTRE LIMITED
REGISTERED NUMBER: 04462975
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2024.





................................................
Mark Romain
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The Company is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was the provision of saddlery training.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Fixtures, fittings and equipment
-
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
30,800



At 31 July 2023

30,800



Amortisation


At 1 August 2022
30,800



At 31 July 2023

30,800



Net book value



At 31 July 2023
-



At 31 July 2022
-



Page 5

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures, fittings and equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
6,445
14,383
20,828


Additions
-
939
939



At 31 July 2023

6,445
15,322
21,767



Depreciation


At 1 August 2022
5,471
13,155
18,626


Charge for the year on owned assets
146
432
578



At 31 July 2023

5,617
13,587
19,204



Net book value



At 31 July 2023
828
1,735
2,563



At 31 July 2022
974
1,228
2,202


6.


Stocks

2023
2022
£
£

Raw materials and consumables
965
1,177

965
1,177


Page 6

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Debtors

2023
2022
£
£


Prepayments and accrued income
3,855
1,326

3,855
1,326



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
53,662
52,619

53,662
52,619



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
198
198

Corporation tax
7,321
6,322

Other creditors
18,146
5,059

Accruals and deferred income
1,416
1,350

27,081
12,929



10.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
53,662
52,619




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


11.


Related party transactions

During the year the Company paid rental expenses of £9,917 (2022 - £7,603) to the directors.

Page 7

 
THE SADDLERY TRAINING CENTRE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.


Controlling party

The Company is controlled by the directors Mark and Dawn Romain, by virtue of their shareholding as described in the Directors' report.             

 
Page 8