Registered number
14256845
Elite Equine Tack Emporium Ltd
Filleted Accounts
31 July 2023
Elite Equine Tack Emporium Ltd
Registered number: 14256845
Balance Sheet
as at 31 July 2023
Notes 2023
£
Current assets
Stocks 32,000
Cash at bank and in hand 3,320
35,320
Creditors: amounts falling due within one year 3 (13,362)
Net current assets 21,958
Total assets less current liabilities 21,958
Creditors: amounts falling due after more than one year 4 (26,429)
Net liabilities (4,471)
Capital and reserves
Called up share capital 2
Profit and loss account (4,473)
Shareholders' funds (4,471)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Mason
Director
Approved by the board on 10 April 2024
Elite Equine Tack Emporium Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023
Number
Average number of persons employed by the company 0
3 Creditors: amounts falling due within one year 2023
£
Trade creditors 660
Directors current account 12,702
13,362
4 Creditors: amounts falling due after one year 2023
£
Bank loans 26,429
5 Other information
Elite Equine Tack Emporium Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Slippershaw Barn
Half Acre Road
Thornton
Bradford
BD13 3SG
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