CEC Equine Supplements Ltd 11690832 false 2022-11-29 2023-11-28 2023-11-28 The principal activity of the company is the retail of supplemented equine feedstuffs Digita Accounts Production Advanced 6.30.9574.0 true 11690832 2022-11-29 2023-11-28 11690832 2023-11-28 11690832 core:RetainedEarningsAccumulatedLosses 2023-11-28 11690832 core:ShareCapital 2023-11-28 11690832 core:CurrentFinancialInstruments 2023-11-28 11690832 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-28 11690832 core:OfficeEquipment 2023-11-28 11690832 bus:SmallEntities 2022-11-29 2023-11-28 11690832 bus:AuditExemptWithAccountantsReport 2022-11-29 2023-11-28 11690832 bus:FullAccounts 2022-11-29 2023-11-28 11690832 bus:SmallCompaniesRegimeForAccounts 2022-11-29 2023-11-28 11690832 bus:RegisteredOffice 2022-11-29 2023-11-28 11690832 bus:Director1 2022-11-29 2023-11-28 11690832 bus:PrivateLimitedCompanyLtd 2022-11-29 2023-11-28 11690832 core:OfficeEquipment 2022-11-29 2023-11-28 11690832 countries:EnglandWales 2022-11-29 2023-11-28 11690832 2022-11-28 11690832 core:OfficeEquipment 2022-11-28 11690832 2021-11-29 2022-11-28 11690832 2022-11-28 11690832 core:RetainedEarningsAccumulatedLosses 2022-11-28 11690832 core:ShareCapital 2022-11-28 11690832 core:CurrentFinancialInstruments 2022-11-28 11690832 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-28 11690832 core:OfficeEquipment 2022-11-28 iso4217:GBP xbrli:pure

Registration number: 11690832

CEC Equine Supplements Ltd

trading as Radiance Gold

Unaudited Financial Statements

for the Year Ended 28 November 2023

 

CEC Equine Supplements Ltd

trading as Radiance Gold

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

CEC Equine Supplements Ltd

trading as Radiance Gold

(Registration number: 11690832)
Balance Sheet as at 28 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

184

111

Current assets

 

Stocks

5

610

578

Debtors

6

43,165

27,152

Cash at bank and in hand

 

27,567

9,932

 

71,342

37,662

Creditors: Amounts falling due within one year

7

(36,059)

(18,943)

Net current assets

 

35,283

18,719

Total assets less current liabilities

 

35,467

18,830

Provisions for liabilities

(46)

(21)

Net assets

 

35,421

18,809

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

35,420

18,808

Shareholders' funds

 

35,421

18,809

 

CEC Equine Supplements Ltd

trading as Radiance Gold

(Registration number: 11690832)
Balance Sheet as at 28 November 2023

For the financial year ending 28 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 30 July 2024
 

.........................................
C L Ellam
Director

 

CEC Equine Supplements Ltd

trading as Radiance Gold

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Lostford Manor, The Stables
Mickley
Tern Hill
Market Drayton
TF9 3QW

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

CEC Equine Supplements Ltd

trading as Radiance Gold

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

CEC Equine Supplements Ltd

trading as Radiance Gold

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 29 November 2022

450

450

Additions

245

245

At 28 November 2023

695

695

Depreciation

At 29 November 2022

339

339

Charge for the year

172

172

At 28 November 2023

511

511

Carrying amount

At 28 November 2023

184

184

At 28 November 2022

111

111

5

Stocks

2023
£

2022
£

Stock

610

578

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

2,928

-

Amounts owed by related parties

34,330

27,152

Prepayments

 

461

-

Other debtors

 

5,446

-

 

43,165

27,152

 

CEC Equine Supplements Ltd

trading as Radiance Gold

Notes to the Unaudited Financial Statements for the Year Ended 28 November 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

4,556

-

Taxation and social security

5,482

4,924

Other creditors

26,021

14,019

36,059

18,943