12 false false false false false false false false false false true false false false false false false No description of principal activity 2023-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06815467 2023-03-01 2024-02-29 06815467 2024-02-29 06815467 2023-02-28 06815467 2022-03-01 2023-02-28 06815467 2023-02-28 06815467 2022-02-28 06815467 core:LandBuildings core:LongLeaseholdAssets 2023-03-01 2024-02-29 06815467 core:PlantMachinery 2023-03-01 2024-02-29 06815467 core:FurnitureFittings 2023-03-01 2024-02-29 06815467 core:MotorVehicles 2023-03-01 2024-02-29 06815467 bus:Director1 2023-03-01 2024-02-29 06815467 core:WithinOneYear 2024-02-29 06815467 core:WithinOneYear 2023-02-28 06815467 core:AfterOneYear 2024-02-29 06815467 core:AfterOneYear 2023-02-28 06815467 core:ShareCapital 2024-02-29 06815467 core:ShareCapital 2023-02-28 06815467 core:RetainedEarningsAccumulatedLosses 2024-02-29 06815467 core:RetainedEarningsAccumulatedLosses 2023-02-28 06815467 bus:Director1 2023-02-28 06815467 bus:Director1 2024-02-29 06815467 bus:Director1 2022-02-28 06815467 bus:Director1 2023-02-28 06815467 bus:Director1 2022-03-01 2023-02-28 06815467 bus:SmallEntities 2023-03-01 2024-02-29 06815467 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06815467 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 06815467 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 06815467 bus:AbridgedAccounts 2023-03-01 2024-02-29 06815467 core:OfficeEquipment 2023-03-01 2024-02-29
COMPANY REGISTRATION NUMBER: 06815467
JANE ALLISON EQUESTRIAN LIMITED
Filleted Unaudited Abridged Financial Statements
For the year ended
29 February 2024
JANE ALLISON EQUESTRIAN LIMITED
Abridged Statement of Financial Position
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
714,644
702,613
Current assets
Stocks
664,128
575,551
Debtors
290,555
324,031
Cash at bank and in hand
247,391
179,660
-------------
-------------
1,202,074
1,079,242
Creditors: amounts falling due within one year
350,369
278,740
-------------
-------------
Net current assets
851,705
800,502
-------------
-------------
Total assets less current liabilities
1,566,349
1,503,115
Creditors: amounts falling due after more than one year
533,651
765,696
Provisions
Taxation including deferred tax
23,580
43,235
-------------
-------------
Net assets
1,009,118
694,184
-------------
-------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,009,018
694,084
-------------
----------
Shareholders funds
1,009,118
694,184
-------------
----------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 29 February 2024 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
JANE ALLISON EQUESTRIAN LIMITED
Abridged Statement of Financial Position (continued)
29 February 2024
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Ms J Allison
Director
Company registration number: 06815467
JANE ALLISON EQUESTRIAN LIMITED
Notes to the Abridged Financial Statements
Year ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Manor Farm, Broadtown, Nr. Wootton Bassett, Wiltshire, SN4 7RT.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover in the profit and loss account represents work done during the year.
Income tax
Deferred taxation is provided using the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold improvements
-
10% straight line
Plant and machinery
-
20% reducing balance
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 12 ).
5. Tangible assets
£
Cost
At 1 March 2023
2,657,391
Additions
201,690
Disposals
( 45,016)
-------------
At 29 February 2024
2,814,065
-------------
Depreciation
At 1 March 2023
1,954,778
Charge for the year
166,611
Disposals
( 21,968)
-------------
At 29 February 2024
2,099,421
-------------
Carrying amount
At 29 February 2024
714,644
-------------
At 28 February 2023
702,613
-------------
6. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Ms J Allison
( 739,279)
285,333
( 453,946)
----------
----------
----------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Ms J Allison
( 940,916)
201,637
( 739,279)
----------
----------
----------
7. Related party transactions
The company was under the control of Ms J Allison throughout the current year. Ms J Allison is the managing director and majority shareholder.