Registered Number:06876183 |
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2023
Wells Equestrian Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Wells Equestrian Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
14,993
15,345
2
14,993
15,345
Trade and other receivables |
563
574
3
13,254
Cash and cash equivalents |
14,066
14,640
13,817
Trade and other payables: amounts falling due within one |
year |
(21,867)
(22,777)
4
(8,050)
(8,137)
Net current liabilities
Total assets less current liabilities |
6,856
7,295
(134)
(200)
Provisions for liabilities |
6,722
Net assets
7,095
1,000
1,000
5,722
6,095
6,722
7,095
Shareholders' funds
For the year ended 30 April 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 14 January 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 April 2023
Wells Equestrian Limited
Notes to the Financial Statements
Statutory Information
Wells Equestrian Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 06876183. |
60 Hever Road
Edenbridge
Kent
TN8 5DJ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of livery and horse care services and riding instruction supplied by the company. |
Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
2. Property, plant and equipment |
Equipment
Improvements
27,470
13,180
14,290
14,290
13,180
27,470
Provision for depreciation and impairment |
12,125
12,125
-
Charge for year
352
352
-
12,477
12,477
-
14,290
703
14,993
14,290
1,055
15,345
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For the year ended 30 April 2023
Wells Equestrian Limited
Notes to the Financial Statements Continued
3. Trade and other receivables |
2022
2023
574
563
4. Trade and other payables: amounts falling due within one year |
2022
2023
Taxation and social security |
605
241
22,172
21,626
22,777
21,867
5. Related party transactions |
During the year Ms K Wells, together with members of her close family, controlled the company by virtue of a |
controlling interest (directly or indirectly) of 100% of the issued ordinary share capital. |
During the year the company paid rent to Ms K Wells of £3,570 (2022- £3,570). The transactions were made on a |
normal trading basis. |
6. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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