2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 5,000 2,292 500 2,792 2,208 2,708 33,600 13,930 3,360 17,290 16,310 19,670 xbrli:pure xbrli:shares iso4217:GBP 11503224 2023-04-01 2024-03-31 11503224 2024-03-31 11503224 2023-03-31 11503224 2022-04-01 2023-03-31 11503224 2023-03-31 11503224 2022-03-31 11503224 core:NetGoodwill 2023-04-01 2024-03-31 11503224 core:PlantMachinery 2023-04-01 2024-03-31 11503224 bus:Director1 2023-04-01 2024-03-31 11503224 bus:Director2 2023-04-01 2024-03-31 11503224 core:NetGoodwill 2023-03-31 11503224 core:NetGoodwill 2024-03-31 11503224 core:PlantMachinery 2023-03-31 11503224 core:PlantMachinery 2024-03-31 11503224 core:WithinOneYear 2024-03-31 11503224 core:WithinOneYear 2023-03-31 11503224 core:ShareCapital 2024-03-31 11503224 core:ShareCapital 2023-03-31 11503224 core:RetainedEarningsAccumulatedLosses 2024-03-31 11503224 core:RetainedEarningsAccumulatedLosses 2023-03-31 11503224 core:NetGoodwill 2023-03-31 11503224 core:PlantMachinery 2023-03-31 11503224 bus:SmallEntities 2023-04-01 2024-03-31 11503224 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 11503224 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11503224 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11503224 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 11503224
Black Horse Marquees of Kent Limited
Filleted Unaudited Financial Statements
31 March 2024
Black Horse Marquees of Kent Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Black Horse Marquees of Kent Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
2,208
2,708
Tangible assets
6
16,310
19,670
--------
--------
18,518
22,378
Current assets
Debtors
7
1,405
1,514
Cash at bank and in hand
3,730
5,728
-------
-------
5,135
7,242
Creditors: amounts falling due within one year
8
31,719
45,015
--------
--------
Net current liabilities
26,584
37,773
--------
--------
Total assets less current liabilities
( 8,066)
( 15,395)
-------
--------
Net liabilities
( 8,066)
( 15,395)
-------
--------
Capital and reserves
Called up share capital
212
212
Profit and loss account
( 8,278)
( 15,607)
-------
--------
Shareholders deficit
( 8,066)
( 15,395)
-------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Black Horse Marquees of Kent Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 July 2024 , and are signed on behalf of the board by:
Mr G Wood
Mr K Wood
Director
Director
Company registration number: 11503224
Black Horse Marquees of Kent Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 16 Joseph Wilson Industrial Estate, Millstrood Road, Whitstable, Kent, CT5 3PS, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
5,000
-------
Amortisation
At 1 April 2023
2,292
Charge for the year
500
-------
At 31 March 2024
2,792
-------
Carrying amount
At 31 March 2024
2,208
-------
At 31 March 2023
2,708
-------
6. Tangible assets
Plant and machinery
£
Cost
At 1 April 2023 and 31 March 2024
33,600
--------
Depreciation
At 1 April 2023
13,930
Charge for the year
3,360
--------
At 31 March 2024
17,290
--------
Carrying amount
At 31 March 2024
16,310
--------
At 31 March 2023
19,670
--------
7. Debtors
2024
2023
£
£
Trade debtors
1,405
1,514
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
222
138
Other creditors
31,497
44,877
--------
--------
31,719
45,015
--------
--------