Company No:
Contents
DIRECTOR | J.B. Grotrian |
REGISTERED OFFICE | Hill Deverill |
Warminster | |
BA12 7EQ | |
United Kingdom |
COMPANY NUMBER | 01400682 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Hitchcock House | |
Hilltop Park | |
Devizes Road | |
Salisbury | |
Wiltshire SP3 4UF |
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 4 |
|
|
|
125,665 | 128,416 | |||
Current assets | ||||
Stocks |
|
|
||
Debtors | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
106,461 | 127,226 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current assets | 57,659 | 58,939 | ||
Total assets less current liabilities | 183,324 | 187,355 | ||
Provision for liabilities | (
|
(
|
||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Revaluation reserve |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Director's responsibilities:
The financial statements of White Horse Marquees Limited (registered number:
J.B. Grotrian
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
White Horse Marquees Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hill Deverill, Warminster, BA12 7EQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
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 corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting data in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted.
Goodwill |
|
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Plant and machinery |
|
Vehicles |
|
Fixtures and fittings |
|
Tangible assets are held at fair value at the date of valuation less subsequent depreciation and impairment.
Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.
The company holds the following financial instruments:
- Short term trade and other debtors and creditors
- Cash and bank balances
All financial instruments are classified as basic.
The company has chosen to apply the recognition when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the asset expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal obligation to pau further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 January 2023 |
|
|
|
At 31 December 2023 |
|
|
|
Accumulated amortisation | |||
At 01 January 2023 |
|
|
|
At 31 December 2023 |
|
|
|
Net book value | |||
At 31 December 2023 |
|
|
|
At 31 December 2022 |
|
|
Plant and machinery | Vehicles | Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 January 2023 |
|
|
|
|
|||
Additions |
|
|
|
|
|||
At 31 December 2023 |
|
|
|
|
|||
Accumulated depreciation | |||||||
At 01 January 2023 |
|
|
|
|
|||
Charge for the financial year |
|
|
|
|
|||
At 31 December 2023 |
|
|
|
|
|||
Net book value | |||||||
At 31 December 2023 |
|
|
|
|
|||
At 31 December 2022 |
|
|
|
|
This valuation was calculated using open market value.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £59,403 (2022 - £55,045).
The fair value of the company's motor vehicles was revalued on 31 December 2019 by the directors of the company. An independent valuer was not involved.
This valuation was calculated using open market value.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £9,988 (2022 - £6,817).
2023 | 2022 | ||
£ | £ | ||
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|