Clayton Farriers Limited 11136333 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is farriery services. Digita Accounts Production Advanced 6.30.9574.0 true true 11136333 2023-02-01 2024-01-31 11136333 2024-01-31 11136333 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 11136333 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 11136333 core:CurrentFinancialInstruments 2024-01-31 11136333 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11136333 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11136333 core:MotorVehicles 2024-01-31 11136333 bus:SmallEntities 2023-02-01 2024-01-31 11136333 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 11136333 bus:FilletedAccounts 2023-02-01 2024-01-31 11136333 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11136333 bus:RegisteredOffice 2023-02-01 2024-01-31 11136333 bus:Director1 2023-02-01 2024-01-31 11136333 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11136333 core:MotorVehicles 2023-02-01 2024-01-31 11136333 core:Vehicles 2023-02-01 2024-01-31 11136333 countries:EnglandWales 2023-02-01 2024-01-31 11136333 2022-02-01 2023-01-31 11136333 2023-01-31 11136333 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 11136333 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-01-31 11136333 core:CurrentFinancialInstruments 2023-01-31 11136333 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 11136333 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 11136333

Clayton Farriers Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Clayton Farriers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Clayton Farriers Limited

(Registration number: 11136333)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,991

-

Current assets

 

Debtors

5

1,457

65

Cash at bank and in hand

 

1,532

281

 

2,989

346

Creditors: Amounts falling due within one year

6

(4,472)

(89)

Net current (liabilities)/assets

 

(1,483)

257

Total assets less current liabilities

 

7,508

257

Creditors: Amounts falling due after more than one year

6

(4,145)

-

Provisions for liabilities

(1,176)

-

Net assets

 

2,187

257

Capital and reserves

 

Called up share capital

1

1

Retained earnings

2,186

256

Shareholders' funds

 

2,187

257

For the financial year ending 31 January 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Clayton Farriers Limited

(Registration number: 11136333)
Balance Sheet as at 31 January 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 September 2024
 

.........................................
Mrs C Clayton
Director

 

Clayton Farriers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Beech Cottage
Mount Prosperous
Bitham Lane
Hungerford
Berkshire
RG17 0RP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Clayton Farriers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

 

Clayton Farriers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Clayton Farriers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

11,988

11,988

At 31 January 2024

11,988

11,988

Depreciation

Charge for the year

2,997

2,997

At 31 January 2024

2,997

2,997

Carrying amount

At 31 January 2024

8,991

8,991

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,457

65

 

1,457

65

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

2,163

-

Trade creditors

 

-

89

Other creditors

 

2,309

-

 

4,472

89

 

Clayton Farriers Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

4,145

-

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

2,163

-

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

4,145

-

8

Related party transactions

Other transactions with the director

At 31 January 2024 the company owes the director £1,344.