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Tom Grant Eventing Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10787715
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 40,238 53,674
40,238 53,674
CURRENT ASSETS
Debtors 5 - 37,774
Cash at bank and in hand 11,449 14,938
11,449 52,712
Creditors: Amounts Falling Due Within One Year 6 (184,567 ) (183,788 )
NET CURRENT ASSETS (LIABILITIES) (173,118 ) (131,076 )
TOTAL ASSETS LESS CURRENT LIABILITIES (132,880 ) (77,402 )
NET LIABILITIES (132,880 ) (77,402 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (132,980 ) (77,502 )
SHAREHOLDERS' FUNDS (132,880) (77,402)
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Page 2
For the year ending 31 May 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 his 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 Profit and Loss Account.
On behalf of the board
Mr T A Grant
Director
31 August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Tom Grant Eventing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10787715 . The registered office is Newton Dairy Farm, Brokenborough, Malmesbury, SN16 9SR.
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 10% straight line
Motor Vehicles 25% on reducing balance
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 3)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2022 14,825 85,000 99,825
As at 31 May 2023 14,825 85,000 99,825
Depreciation
As at 1 June 2022 8,963 37,188 46,151
Provided during the period 1,483 11,953 13,436
As at 31 May 2023 10,446 49,141 59,587
Net Book Value
As at 31 May 2023 4,379 35,859 40,238
As at 1 June 2022 5,862 47,812 53,674
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 13,409
Other debtors - 24,365
- 37,774
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,938 7,586
Other taxes and social security 889 142
Pensions 163 -
Credit card 1,622 85
Accruals and deferred income 3,424 1,666
Director's loan account 175,531 174,309
184,567 183,788
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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