2022-05-01 06876183 2023-04-30 06876183 2022-05-01 2023-04-30 06876183 2022-04-30 06876183 2021-05-01 2022-04-30 06876183 uk-core:WithinOneYear uk-bus:Original 2022-04-30 06876183 uk-core:WithinOneYear uk-bus:Original 2023-04-30 06876183 uk-core:ShareCapital uk-bus:Original 2023-04-30 06876183 uk-core:ShareCapital uk-bus:Original 2022-04-30 06876183 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-04-30 06876183 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-04-30 06876183 uk-bus:Director1 uk-bus:Original 2022-05-01 2023-04-30 06876183 uk-core:PlantMachinery uk-bus:Original 2022-05-01 2023-04-30 06876183 uk-core:PlantMachinery uk-bus:Original 2022-04-30 06876183 uk-core:Land uk-bus:Original 2022-04-30 06876183 uk-core:Land uk-bus:Original 2023-04-30 06876183 uk-core:PlantMachinery uk-bus:Original 2023-04-30 06876183 uk-core:Land uk-bus:Original 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure 06876183 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-05-01 2023-04-30 06876183 uk-bus:FRS102 uk-bus:Original 2022-05-01 2023-04-30 06876183 uk-bus:FilletedAccounts uk-bus:Original 2022-05-01 2023-04-30 06876183 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-05-01 2023-04-30
Wells Equestrian Limited
Registered Number:06876183
For the year ended 30 April 2023
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
06876183
As at 30 April 2023
Wells Equestrian Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
14,993
15,345
2
14,993
15,345
Current assets
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
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
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.
Kymm Z Wells Director
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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4
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.
Registered address:
60 Hever Road
Edenbridge
Kent
TN8 5DJ
The presentation currency is £ sterling.
1. Accounting policies
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
33% Reducing balance
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
Total
Equipment
Improvements
£
£
£
Cost or
valuation
At 01 May 2022
27,470
13,180
14,290
At 30 April 2023
14,290
13,180
27,470
Provision for depreciation and impairment
At 01 May 2022
12,125
12,125
-
Charge for year
352
352
-
At 30 April 2023
12,477
12,477
-
At 30 April 2023
Net book value
14,290
703
14,993
At 30 April 2022
14,290
1,055
15,345
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5
For the year ended 30 April 2023
Wells Equestrian Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Other debtors
574
563
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
605
241
Other creditors
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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