Pinkham Equine Limited 09202405 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the provision of veterinary activities. Digita Accounts Production Advanced 6.30.9574.0 true true 09202405 2022-12-01 2023-11-30 09202405 2023-11-30 09202405 core:RetainedEarningsAccumulatedLosses 2023-11-30 09202405 core:ShareCapital 2023-11-30 09202405 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 09202405 bus:SmallEntities 2022-12-01 2023-11-30 09202405 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09202405 bus:FullAccounts 2022-12-01 2023-11-30 09202405 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 09202405 bus:RegisteredOffice 2022-12-01 2023-11-30 09202405 bus:Director1 2022-12-01 2023-11-30 09202405 bus:Director2 2022-12-01 2023-11-30 09202405 bus:Director3 2022-12-01 2023-11-30 09202405 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09202405 core:Goodwill 2022-12-01 2023-11-30 09202405 core:PlantMachinery 2022-12-01 2023-11-30 09202405 core:Vehicles 2022-12-01 2023-11-30 09202405 countries:EnglandWales 2022-12-01 2023-11-30 09202405 2022-11-30 09202405 2021-12-01 2022-11-30 09202405 2022-11-30 09202405 core:RetainedEarningsAccumulatedLosses 2022-11-30 09202405 core:ShareCapital 2022-11-30 09202405 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 09202405

Pinkham Equine Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 November 2023

 

Pinkham Equine Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Pinkham Equine Limited

(Registration number: 09202405)
Abridged Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

10,833

15,833

Tangible assets

5

151,426

113,099

 

162,259

128,932

Current assets

 

Stocks

38,780

46,552

Debtors

185,832

170,792

Cash at bank and in hand

 

333,975

306,789

 

558,587

524,133

Creditors: Amounts falling due within one year

(280,228)

(226,967)

Net current assets

 

278,359

297,166

Total assets less current liabilities

 

440,618

426,098

Provisions for liabilities

(37,858)

(28,275)

Net assets

 

402,760

397,823

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

402,660

397,723

Total equity

 

402,760

397,823

 

Pinkham Equine Limited

(Registration number: 09202405)
Abridged Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 directors acknowledge their 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 has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

Mr C Pinkham

Director

Mr R M Bristow

Director

Ms L J Brock

Director

 

Pinkham Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 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:
Home Farm Offices
Home Farm Road
Wilton
Salisbury
SP2 8PJ

These financial statements were authorised for issue by the Board on 31 July 2024.

2

Accounting policies

Statement of compliance

These abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents the amounts, excluding value added tax, derived from the provision of goods and services to customers during the year.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Pinkham Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2022 - 7).

4

Intangible assets

Total
£

Cost or valuation

At 1 December 2022

50,000

At 30 November 2023

50,000

Amortisation

At 1 December 2022

34,167

Amortisation charge

5,000

At 30 November 2023

39,167

Carrying amount

At 30 November 2023

10,833

At 30 November 2022

15,833

 

Pinkham Equine Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2023

5

Tangible assets

Total
£

Cost or valuation

At 1 December 2022

243,043

Additions

91,740

Disposals

(3,912)

At 30 November 2023

330,871

Depreciation

At 1 December 2022

129,946

Charge for the year

50,477

Eliminated on disposal

(978)

At 30 November 2023

179,445

Carrying amount

At 30 November 2023

151,426

At 30 November 2022

113,099

6

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £79,750 (2022 - £97,750).