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REGISTERED NUMBER: 09537406 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SF Equine Limited

SF Equine Limited (Registered number: 09537406)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SF Equine Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S A Franks





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 09537406 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

SF Equine Limited (Registered number: 09537406)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,149 39,032

CURRENT ASSETS
Stocks 5 4,000 4,000
Debtors 6 21,384 22,981
Cash at bank 45,945 8,004
71,329 34,985
CREDITORS
Amounts falling due within one year 7 32,071 12,126
NET CURRENT ASSETS 39,258 22,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,407

61,891

CREDITORS
Amounts falling due after more than one
year

8

(18,165

)

(21,765

)

PROVISIONS FOR LIABILITIES 9 (824 ) (1,811 )
NET ASSETS 50,418 38,315

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 50,318 38,215
SHAREHOLDERS' FUNDS 50,418 38,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SF Equine Limited (Registered number: 09537406)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 August 2024 and were signed by:





Mr S Franks - Director


SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

SF Equine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with 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.

Turnover
Turnover represent invoiced sales of goods and services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Computer
improvements machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 36,875 32,980 1,548 71,403
DEPRECIATION
At 1 April 2023 7,375 23,448 1,548 32,371
Charge for year 3,687 5,196 - 8,883
At 31 March 2024 11,062 28,644 1,548 41,254
NET BOOK VALUE
At 31 March 2024 25,813 4,336 - 30,149
At 31 March 2023 29,500 9,532 - 39,032

5. STOCKS
2024 2023
£    £   
Stocks 4,000 4,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,077 19,730
Other debtors 750 750
Prepayments 1,557 2,501
21,384 22,981

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 3,600 3,600
Trade creditors 17,225 -
Tax 4,931 7,223
Social security and other taxes - 248
Directors' current accounts 5,235 35
Accrued expenses 1,080 1,020
32,071 12,126

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 3,600 3,600
Other loans - 2-5 years 14,565 18,165
18,165 21,765

SF Equine Limited (Registered number: 09537406)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 824 1,811

Deferred
tax
£   
Balance at 1 April 2023 1,811
Accelerated capital allowances (987 )
Balance at 31 March 2024 824

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

Mr S Franks
A director

At the balance sheet date the company owed its director £5,235 (2023: £35).

Steven Franks & Karen Guest Partnership
A partnership in which Mr Franks is a partner

During the period under review the partnership charged the limited company £7,200 (2023: £7,200) for the use of the facilities. The limited company charged the partnership £3,000 (2023: £3,000) for costs incurred on its behalf.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S Franks, the director of the company, by virtue of his 100% shareholding.