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REGISTERED NUMBER: 11112372 (England and Wales)















Times Dressage Ltd

Unaudited Financial Statements

for the Year Ended 31 October 2023






Times Dressage Ltd (Registered number: 11112372)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Times Dressage Ltd

Company Information
for the year ended 31 October 2023







DIRECTOR: P Belshaw





REGISTERED OFFICE: Bridge Street
Wigan
Greater Manchester
WN3 4EY





REGISTERED NUMBER: 11112372 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Times Dressage Ltd (Registered number: 11112372)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
CURRENT ASSETS
Stocks 851,500 891,500
Debtors 4 24,178 18,834
Cash at bank 1,977 10,270
877,655 920,604
CREDITORS
Amounts falling due within one year 5 1,205,360 939,713
NET CURRENT LIABILITIES (327,705 ) (19,109 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(327,705

)

(19,109

)

CREDITORS
Amounts falling due after more than one
year

6

600,000

500,000
NET LIABILITIES (927,705 ) (519,109 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (927,805 ) (519,209 )
(927,705 ) (519,109 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 23 July 2024 and were signed by:



P Belshaw - Director


Times Dressage Ltd (Registered number: 11112372)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Times Dressage Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis despite the excess of liabilities over assets as the company director will continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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.


Times Dressage Ltd (Registered number: 11112372)

Notes to the Financial Statements - continued
for the year ended 31 October 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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 6,250 -
Other debtors 17,928 18,834
24,178 18,834

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 377,858 376,140
Other creditors 827,502 563,573
1,205,360 939,713

Included in creditors is a directors' loan account of £79,281,(2022:£44,772). The loan is unsecured, interest free and has no fixed repayment terms.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Other creditors 600,000 500,000

Included in creditors is a directors' loan account of £600,000,(2022:£500,000). The loan is unsecured, interest free and has no fixed repayment terms.

7. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr P Belshaw.