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REGISTERED NUMBER: 05179643 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st January 2024

for

Throstle Nest Saddlery Limited

Throstle Nest Saddlery Limited (Registered number: 05179643)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Throstle Nest Saddlery Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: D C Baxter
Mrs J M Baxter





SECRETARY: Mrs J M Baxter





REGISTERED OFFICE: Throstle Nest
Silkstone Common
Barnsley
South Yorkshire
S75 4QX





REGISTERED NUMBER: 05179643 (England and Wales)

Throstle Nest Saddlery Limited (Registered number: 05179643)

Balance Sheet
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 324,392 269,491
324,392 269,491

CURRENT ASSETS
Stocks 713,386 827,913
Debtors 6 3,246 3,780
Cash at bank and in hand 77,730 57,625
794,362 889,318
CREDITORS
Amounts falling due within one year 7 521,004 837,150
NET CURRENT ASSETS 273,358 52,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

597,750

321,659

CREDITORS
Amounts falling due after more than one
year

8

(324,243

)

(42,425

)

PROVISIONS FOR LIABILITIES (40,057 ) (26,236 )
NET ASSETS 233,450 252,998

Throstle Nest Saddlery Limited (Registered number: 05179643)

Balance Sheet - continued
31st January 2024

31.1.24 31.1.23
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 233,350 252,898
SHAREHOLDERS' FUNDS 233,450 252,998

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

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

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1st October 2024 and were signed on its behalf by:





Mrs J M Baxter - Director


Throstle Nest Saddlery Limited (Registered number: 05179643)

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

1. STATUTORY INFORMATION

Throstle Nest 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, has been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 2% Straight Line Basis
Website and computer software - 25% Straight Line Basis
Horses - Over each horse's eventing life
Fixtures and fittings - 10% on Reducing Balance
Motor vehicles - 25% on Reducing Balance and 10% on Reducing Balance
Computer equipment - 25% on Reducing Balance

Motor vehicles includes a horsebox depreciated at 10% reducing balance.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.


Throstle Nest Saddlery Limited (Registered number: 05179643)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 78,000
AMORTISATION
At 1st February 2023
and 31st January 2024 78,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

Throstle Nest Saddlery Limited (Registered number: 05179643)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st February 2023 138,771 330,858 469,629
Additions 35,378 44,433 79,811
Disposals - (8,200 ) (8,200 )
At 31st January 2024 174,149 367,091 541,240
DEPRECIATION
At 1st February 2023 7,363 192,775 200,138
Charge for year 2,623 22,287 24,910
Eliminated on disposal - (8,200 ) (8,200 )
At 31st January 2024 9,986 206,862 216,848
NET BOOK VALUE
At 31st January 2024 164,163 160,229 324,392
At 31st January 2023 131,408 138,083 269,491

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 3,246 3,780

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 19,461 18,182
Trade creditors 86,135 119,229
Taxation and social security 52,077 111,115
Other creditors 363,331 588,624
521,004 837,150

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 24,243 42,425
Other creditors 300,000 -
324,243 42,425

Throstle Nest Saddlery Limited (Registered number: 05179643)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdraft 1,279 -
Bank loans 42,425 60,607
43,704 60,607

On the 8 August 2019 the company created a charge in favour of Lloyds Bank PLC giving a fixed and floating charge over the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

11. TRANSACTIONS WITH DIRECTORS

The company occupies property owned by Mr DC and Mrs JM Baxter at an annual rental of £21,600.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr DC and Mrs JM Baxter.