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REGISTERED NUMBER: 06492022 (England and Wales)















Wroxham Saddlery Limited

Unaudited Financial Statements

for the year ended

29 February 2024






Wroxham Saddlery Limited (Registered number: 06492022)

Contents of the Financial Statements
for the year ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Wroxham Saddlery Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: Ms S A Daniels





REGISTERED OFFICE: 8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 06492022 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss
Norfolk
IP22 4GT

Wroxham Saddlery Limited (Registered number: 06492022)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 237,293 242,855

CURRENT ASSETS
Debtors 5 252,720 270,193
Cash at bank 46,834 60,238
299,554 330,431
CREDITORS
Amounts falling due within one year 6 (13,284 ) (12,980 )
NET CURRENT ASSETS 286,270 317,451
TOTAL ASSETS LESS CURRENT LIABILITIES 523,563 560,306

CREDITORS
Amounts falling due after more than one year 7 (125,538 ) (125,538 )

PROVISIONS FOR LIABILITIES (31,090 ) (31,113 )
NET ASSETS 366,935 403,655

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 9 1,150 1,150
Retained earnings 9 365,685 402,405
SHAREHOLDERS' FUNDS 366,935 403,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





Ms S A Daniels - Director


Wroxham Saddlery Limited (Registered number: 06492022)

Notes to the Financial Statements
for the year ended 29 February 2024


1. STATUTORY INFORMATION

Wroxham Saddlery 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 - 1 ) .

Wroxham Saddlery Limited (Registered number: 06492022)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2023
and 29 February 2024 257,310 14,720 367 272,397
DEPRECIATION
At 1 March 2023 27,034 2,437 71 29,542
Charge for year 5,146 295 121 5,562
At 29 February 2024 32,180 2,732 192 35,104
NET BOOK VALUE
At 29 February 2024 225,130 11,988 175 237,293
At 28 February 2023 230,276 12,283 296 242,855

Cost or valuation at 29 February 2024 is represented by:

Improvements
Freehold to Computer
property property equipment Totals
£    £    £    £   
Valuation in 2021 163,458 - - 163,458
Cost 93,852 14,720 367 108,939
257,310 14,720 367 272,397

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 93,852 93,852
Aggregate depreciation 23,765 23,765

Freehold property was valued on an open market basis on 28 February 2021 by the director .

The director considers that the value of the property has not changed over the last year.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,221 3,221
Other debtors 249,499 266,972
252,720 270,193

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,457 2,102
Other creditors 10,827 10,878
13,284 12,980

Wroxham Saddlery Limited (Registered number: 06492022)

Notes to the Financial Statements - continued
for the year ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 125,538 125,538

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2023 402,405 1,150 403,555
Deficit for the year (320 ) (320 )
Dividends (36,400 ) (36,400 )
At 29 February 2024 365,685 1,150 366,835

Included within the Profit and Loss Reserve are £131,952 of non-distributable reserves made up of £163,459 unrealised gain on revaluation less £31,507 deferred tax related to the gain.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Ms S A Daniels
Balance outstanding at start of year 197,759 251,742
Amounts advanced - 4,554
Amounts repaid (17,181 ) (58,537 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 180,578 197,759

Interest is charged on the director's loan at the rate for beneficial loans, there are no set terms for the repayment of the loan.

11. RELATED PARTY DISCLOSURES

Ralph Daniels Limited
A company owned by the director's immediate family member.

Included in long term other creditors is a balance of £125,538 (2021 - £125,538) relating to an interest free loan from Ralph Daniels Limited. There are no set repayment terms for this loan.