Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 08738783 Miss Georgia Wells iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08738783 2022-10-31 08738783 2023-10-31 08738783 2022-11-01 2023-10-31 08738783 frs-core:CurrentFinancialInstruments 2023-10-31 08738783 frs-core:Non-currentFinancialInstruments 2023-10-31 08738783 frs-core:BetweenOneFiveYears 2023-10-31 08738783 frs-core:FurnitureFittings 2023-10-31 08738783 frs-core:FurnitureFittings 2022-11-01 2023-10-31 08738783 frs-core:FurnitureFittings 2022-10-31 08738783 frs-core:MotorVehicles 2023-10-31 08738783 frs-core:MotorVehicles 2022-11-01 2023-10-31 08738783 frs-core:MotorVehicles 2022-10-31 08738783 frs-core:PlantMachinery 2022-11-01 2023-10-31 08738783 frs-core:WithinOneYear 2023-10-31 08738783 frs-core:ShareCapital 2023-10-31 08738783 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 08738783 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08738783 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 08738783 frs-bus:SmallEntities 2022-11-01 2023-10-31 08738783 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 08738783 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08738783 frs-bus:Director1 2022-11-01 2023-10-31 08738783 frs-countries:EnglandWales 2022-11-01 2023-10-31 08738783 2021-10-31 08738783 2022-10-31 08738783 2021-11-01 2022-10-31 08738783 frs-core:CurrentFinancialInstruments 2022-10-31 08738783 frs-core:Non-currentFinancialInstruments 2022-10-31 08738783 frs-core:BetweenOneFiveYears 2022-10-31 08738783 frs-core:WithinOneYear 2022-10-31 08738783 frs-core:ShareCapital 2022-10-31 08738783 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 08738783
Weston Lawns Stud Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08738783
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 21,769 35,077
21,769 35,077
CURRENT ASSETS
Stocks 5 98,750 112,500
Debtors 6 6,460 52,185
Cash at bank and in hand 6,919 97,087
112,129 261,772
Creditors: Amounts Falling Due Within One Year 7 (748,875 ) (817,522 )
NET CURRENT ASSETS (LIABILITIES) (636,746 ) (555,750 )
TOTAL ASSETS LESS CURRENT LIABILITIES (614,977 ) (520,673 )
Creditors: Amounts Falling Due After More Than One Year 8 (4,159 ) (8,258 )
NET LIABILITIES (619,136 ) (528,931 )
CAPITAL AND RESERVES
Called up share capital 10 1 1
Income Statement (619,137 ) (528,932 )
SHAREHOLDERS' FUNDS (619,136) (528,931)
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Miss Georgia Wells
Director
9 August 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Weston Lawns Stud Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08738783 . The registered office is Weston Lawns, Bedworth Road, Bedworth, West midlandsWarwickshire, CV12 9JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 100,983 - 100,983
Disposals (41,500 ) - (41,500 )
As at 31 October 2023 59,483 - 59,483
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 November 2022 54,213 11,693 65,906
Provided during the period 5,010 2,247 7,257
Disposals (35,449 ) - (35,449 )
As at 31 October 2023 23,774 13,940 37,714
Net Book Value
As at 31 October 2023 35,709 (13,940 ) 21,769
As at 1 November 2022 46,770 (11,693 ) 35,077
5. Stocks
2023 2022
£ £
Stock 98,750 112,500
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 6,460 52,185
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 5,829 5,829
Trade creditors 41,100 130,462
Amounts owed to participating interests 627,428 604,479
Other creditors 54,835 40,043
Taxation and social security 19,683 36,709
748,875 817,522
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 4,159 8,258
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,829 5,829
Later than one year and not later than five years 4,159 8,258
9,988 14,087
9,988 14,087
Page 4
Page 5
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
11. Related Party Transactions
The company has taklen advantage of exemption, under the terms of the 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.
Page 5