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REGISTERED NUMBER: SC492973 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRIAN SMITH EUROPEAN EQUINE LIMITED

BRIAN SMITH EUROPEAN EQUINE LIMITED (REGISTERED NUMBER: SC492973)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIAN SMITH EUROPEAN EQUINE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: B C Smith



REGISTERED OFFICE: 85 South Dumbreck Road
Kilsyth
Glasgow
G65 9PU



REGISTERED NUMBER: SC492973 (Scotland)



ACCOUNTANTS: Curle & Co
Chartered Accountants
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: Bank of Scotland
100-102 Cowgate
Kirkintilloch
Glasgow
G66 1JQ

BRIAN SMITH EUROPEAN EQUINE LIMITED (REGISTERED NUMBER: SC492973)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,383 5,157

CURRENT ASSETS
Cash at bank - 8,315

CREDITORS
Amounts falling due within one year 5 22,193 18,169
NET CURRENT LIABILITIES (22,193 ) (9,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,810

)

(4,697

)

PROVISIONS FOR LIABILITIES 833 980
NET LIABILITIES (18,643 ) (5,677 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (18,644 ) (5,678 )
(18,643 ) (5,677 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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.

BRIAN SMITH EUROPEAN EQUINE LIMITED (REGISTERED NUMBER: SC492973)

BALANCE SHEET - continued
31 December 2023



The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





B C Smith - Director


BRIAN SMITH EUROPEAN EQUINE LIMITED (REGISTERED NUMBER: SC492973)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brian Smith European Equine Limited is a private company, limited by shares , registered in Scotland. 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BRIAN SMITH EUROPEAN EQUINE LIMITED (REGISTERED NUMBER: SC492973)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 13,629
DEPRECIATION
At 1 January 2023 8,472
Charge for year 774
At 31 December 2023 9,246
NET BOOK VALUE
At 31 December 2023 4,383
At 31 December 2022 5,157

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 4,137 -
Tax 555 551
Social security and other taxes 1,177 389
Other creditors 15,432 15,723
Directors' current accounts - 605
Accrued expenses 892 901
22,193 18,169