Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity2022-12-28false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14558199 2022-12-27 14558199 2022-12-28 2023-12-31 14558199 2021-12-28 2022-12-27 14558199 2023-12-31 14558199 c:Director1 2022-12-28 2023-12-31 14558199 d:MotorVehicles 2022-12-28 2023-12-31 14558199 d:MotorVehicles 2023-12-31 14558199 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-12-28 2023-12-31 14558199 d:FurnitureFittings 2022-12-28 2023-12-31 14558199 d:FurnitureFittings 2023-12-31 14558199 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-28 2023-12-31 14558199 d:OwnedOrFreeholdAssets 2022-12-28 2023-12-31 14558199 d:Goodwill 2022-12-28 2023-12-31 14558199 d:Goodwill 2023-12-31 14558199 d:CurrentFinancialInstruments 2023-12-31 14558199 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14558199 d:ShareCapital 2023-12-31 14558199 d:RetainedEarningsAccumulatedLosses 2023-12-31 14558199 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14558199 c:FRS102 2022-12-28 2023-12-31 14558199 c:AuditExempt-NoAccountantsReport 2022-12-28 2023-12-31 14558199 c:FullAccounts 2022-12-28 2023-12-31 14558199 c:PrivateLimitedCompanyLtd 2022-12-28 2023-12-31 14558199 d:Goodwill d:ExternallyAcquiredIntangibleAssets 2022-12-28 2023-12-31 14558199 d:Goodwill d:OwnedIntangibleAssets 2022-12-28 2023-12-31 14558199 e:PoundSterling 2022-12-28 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14558199










SADDLES BY ZOE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
SADDLES BY ZOE LIMITED
REGISTERED NUMBER: 14558199

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
Note
£

Fixed assets
  

Intangible assets
 4 
8,000

Tangible assets
 5 
21,562

  
29,562

Current assets
  

Stocks
  
73,440

Cash at bank and in hand
 6 
1,983

  
75,423

Creditors: amounts falling due within one year
 7 
(100,143)

Net current (liabilities)/assets
  
 
 
(24,720)

Total assets less current liabilities
  
4,842

Provisions for liabilities
  

Deferred tax
 8 
(4,097)

  
 
 
(4,097)

Net assets
  
745


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
744

  
745


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2024.



Page 1

 
SADDLES BY ZOE LIMITED
REGISTERED NUMBER: 14558199

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Z Britchfield
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Going concern

The company had net current liabilities at 31 December 2023 of £24,720. However, the director is
of the opinion that the company has and will continue to have the support of its creditors for the
foreseeable future. In the light of these factors, the director considers it appropriate to adopt the
going concern basis in the preparation of these financial statements.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)


1.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Reducing Balance basis
Equipment
-
20%
Reducing Balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.Accounting policies (continued)

 
1.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


General information

Saddles By Zoe Limited is a private limited company incorporated on 28th December 2022 in England and Wales. The Registered Office is Kingsridge House, 601 London Road, Westcliff on Sea, Essex SS0 9PE.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Intangible assets



Goodwill

£



Cost


Additions
10,000



At 31 December 2023

10,000



Amortisation


Charge for the period on owned assets
2,000



At 31 December 2023

2,000



Net book value



At 31 December 2023
8,000



Page 6

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Equipment
Total

£
£
£



Cost or valuation


Additions
27,000
201
27,201



At 31 December 2023

27,000
201
27,201



Depreciation


Charge for the period on owned assets
5,625
14
5,639



At 31 December 2023

5,625
14
5,639



Net book value



At 31 December 2023
21,375
187
21,562


6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
1,983

1,983



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
41,062

Corporation tax
1,988

Other taxation and social security
7,423

Other creditors
49,670

100,143


Page 7

 
SADDLES BY ZOE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Deferred taxation



2023


£






Charged to profit or loss
4,097



At end of year
4,097

The deferred taxation balance is made up as follows:

2023
£


Accelerated capital allowances
4,097

4,097


9.


Related party transactions

During the period the director received dividends amounting to £23,000.


Page 8