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REGISTERED NUMBER: 09587971 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Equestrian Fencing and Timber Limited

Equestrian Fencing and Timber Limited (Registered number: 09587971)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Equestrian Fencing and Timber Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: D S Dennis





REGISTERED OFFICE: High Ridge Farm
Hospital Road
Shirrell Heath
Southampton
Hampshire
SO32 2JR





REGISTERED NUMBER: 09587971 (England and Wales)





ACCOUNTANTS: Behegan Lynes
Accountancy & Taxation Advisers
Bank Chambers
Brook Street
Bishops Waltham
Hampshire
SO32 1AX

Equestrian Fencing and Timber Limited (Registered number: 09587971)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 313,440 395,425

CURRENT ASSETS
Stocks 1,350,000 1,680,000
Debtors 5 864,840 791,188
Cash at bank and in hand 75,837 86,011
2,290,677 2,557,199
CREDITORS
Amounts falling due within one year 6 1,007,480 1,337,526
NET CURRENT ASSETS 1,283,197 1,219,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,596,637

1,615,098

CREDITORS
Amounts falling due after more than one
year

7

(191,725

)

(296,892

)

PROVISIONS FOR LIABILITIES 9 (38,388 ) (50,728 )
NET ASSETS 1,366,524 1,267,478

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 1,366,424 1,267,378
SHAREHOLDERS' FUNDS 1,366,524 1,267,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Equestrian Fencing and Timber Limited (Registered number: 09587971)

Balance Sheet - continued
30 June 2023


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 director and authorised for issue on 2 April 2024 and were signed by:





D S Dennis - Director


Equestrian Fencing and Timber Limited (Registered number: 09587971)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Equestrian Fencing and Timber Limited 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 25% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

Financial instruments
The Company only enters into basic financial instruments 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 non-puttable ordinary shares.

Debtors
Short term debtors are measured at transaction price, less any impairment.

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.

Creditors
Short term creditors are measured at the transaction price.

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.


Equestrian Fencing and Timber Limited (Registered number: 09587971)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefits
Short term employee benefits, including holiday pay and other similar non monetary benefits, are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Short Long Plant &
leasehold leasehold machinery
£    £    £   
COST
At 1 July 2022 27,020 70,534 134,118
Additions - - -
Disposals (27,020 ) - -
At 30 June 2023 - 70,534 134,118
DEPRECIATION
At 1 July 2022 18,013 - 58,685
Charge for year - - 18,858
Eliminated on disposal (18,013 ) - -
At 30 June 2023 - - 77,543
NET BOOK VALUE
At 30 June 2023 - 70,534 56,575
At 30 June 2022 9,007 70,534 75,433

Equestrian Fencing and Timber Limited (Registered number: 09587971)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures Motor Computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 176,850 520,389 20,353 949,264
Additions 770 - - 770
Disposals - (3,749 ) - (30,769 )
At 30 June 2023 177,620 516,640 20,353 919,265
DEPRECIATION
At 1 July 2022 117,470 349,120 10,551 553,839
Charge for year 9,022 42,290 1,470 71,640
Eliminated on disposal - (1,641 ) - (19,654 )
At 30 June 2023 126,492 389,769 12,021 605,825
NET BOOK VALUE
At 30 June 2023 51,128 126,871 8,332 313,440
At 30 June 2022 59,380 171,269 9,802 395,425

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022 77,027 204,185 281,212
Transfer to ownership - (146,695 ) (146,695 )
At 30 June 2023 77,027 57,490 134,517
DEPRECIATION
At 1 July 2022 19,257 116,493 135,750
Charge for year 14,442 8,085 22,527
Transfer to ownership - (91,342 ) (91,342 )
At 30 June 2023 33,699 33,236 66,935
NET BOOK VALUE
At 30 June 2023 43,328 24,254 67,582
At 30 June 2022 57,770 87,692 145,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 452,347 405,208
Amounts owed by group undertakings 297,246 227,071
Other debtors 115,247 158,909
864,840 791,188

Equestrian Fencing and Timber Limited (Registered number: 09587971)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 49,507 -
Hire purchase contracts 17,891 45,834
Trade creditors 537,369 937,137
Taxation and social security 232,210 160,929
Other creditors 170,503 193,626
1,007,480 1,337,526

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 42,212 60,103
Other creditors 149,513 236,789
191,725 296,892

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Other loans 236,789 315,491
Hire purchase contracts 60,103 105,937
296,892 421,428

The other loans are secured by a Government backed guarantee, under the coronavirus business interruption loan scheme.

The hire purchase liabilities are guaranteed against the assets purchased.

9. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 38,388 50,728

Deferred
tax
£   
Balance at 1 July 2022 50,728
Movement in accelerated
capital allowances (12,340 )
Balance at 30 June 2023 38,388

Equestrian Fencing and Timber Limited (Registered number: 09587971)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
D S Dennis
Balance outstanding at start of year 7,810 169,181
Amounts advanced 13,578 201,059
Amounts repaid - (362,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,388 7,810

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D S Dennis.