Bettaney Horseboxes Limited 09490089 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the manufacture and sale of horseboxes. Digita Accounts Production Advanced 6.30.9574.0 true 09490089 2023-04-01 2024-03-31 09490089 2024-03-31 09490089 core:RetainedEarningsAccumulatedLosses 2024-03-31 09490089 core:ShareCapital 2024-03-31 09490089 core:CurrentFinancialInstruments 2024-03-31 09490089 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09490089 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09490089 core:LandBuildings 2024-03-31 09490089 core:MotorVehicles 2024-03-31 09490089 core:OtherPropertyPlantEquipment 2024-03-31 09490089 bus:SmallEntities 2023-04-01 2024-03-31 09490089 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09490089 bus:FullAccounts 2023-04-01 2024-03-31 09490089 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09490089 bus:RegisteredOffice 2023-04-01 2024-03-31 09490089 bus:Director1 2023-04-01 2024-03-31 09490089 bus:Director2 2023-04-01 2024-03-31 09490089 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09490089 core:LandBuildings 2023-04-01 2024-03-31 09490089 core:MotorVehicles 2023-04-01 2024-03-31 09490089 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09490089 core:PlantMachinery 2023-04-01 2024-03-31 09490089 core:ToolsEquipment 2023-04-01 2024-03-31 09490089 countries:EnglandWales 2023-04-01 2024-03-31 09490089 2023-03-31 09490089 core:LandBuildings 2023-03-31 09490089 core:MotorVehicles 2023-03-31 09490089 core:OtherPropertyPlantEquipment 2023-03-31 09490089 2022-04-01 2023-03-31 09490089 2023-03-31 09490089 core:RetainedEarningsAccumulatedLosses 2023-03-31 09490089 core:ShareCapital 2023-03-31 09490089 core:CurrentFinancialInstruments 2023-03-31 09490089 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09490089 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09490089 core:LandBuildings 2023-03-31 09490089 core:MotorVehicles 2023-03-31 09490089 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09490089


Bettaney Horseboxes Limited

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Bettaney Horseboxes Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Bettaney Horseboxes Limited

Company Information

Directors

Mrs J Bettaney

Mr S J Bettaney

Registered office

c/o Howsons
PO Box 165 Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

Accountants

Howsons
Chartered Accountants
Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

 

Bettaney Horseboxes Limited

(Registration number: 09490089)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,863

22,868

Current assets

 

Stocks

5

50,000

76,402

Debtors

6

1,925

4,059

Cash at bank and in hand

 

8,052

5,832

 

59,977

86,293

Creditors: Amounts falling due within one year

7

(91,254)

(91,037)

Net current liabilities

 

(31,277)

(4,744)

Total assets less current liabilities

 

(11,414)

18,124

Creditors: Amounts falling due after more than one year

7

(8,884)

(14,968)

Provisions for liabilities

(2,681)

(3,012)

Net (liabilities)/assets

 

(22,979)

144

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(22,980)

143

Shareholders' (deficit)/funds

 

(22,979)

144

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 

 

Bettaney Horseboxes Limited

(Registration number: 09490089)
Balance Sheet as at 31 March 2024

.........................................
Mrs J Bettaney
Director

 

Bettaney Horseboxes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
c/o Howsons
PO Box 165 Winton House
Stoke Road
Stoke on Trent
Staffordshire
ST4 2RW

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Bettaney Horseboxes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

Plant and machinery

20% Straight line

Motor Vehicles

20% Straight line

Workshop

5% Straight line

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Bettaney Horseboxes Limited

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

4

Tangible assets

Workshop
£

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 April 2023

25,774

20,989

11,186

57,949

At 31 March 2024

25,774

20,989

11,186

57,949

Depreciation

At 1 April 2023

6,910

20,989

7,182

35,081

Charge for the year

1,289

-

1,716

3,005

At 31 March 2024

8,199

20,989

8,898

38,086

Carrying amount

At 31 March 2024

17,575

-

2,288

19,863

At 31 March 2023

18,864

-

4,004

22,868

5

Stocks

2024
£

2023
£

Stock

50,000

76,402

6

Debtors

2024
£

2023
£

Other debtors

1,925

4,059

 

Bettaney Horseboxes Limited

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

7

Creditors

2024
£

2023
£

Due within one year

Bank loans and overdrafts

6,084

5,934

Trade creditors

141

30

Taxation and social security

106

99

Other creditors

1,825

9,205

Directors' loan account

83,098

75,769

91,254

91,037

Due after one year

Loans and borrowings

8,884

14,968

8

Going Concern

The accounts have been prepared on a going concern basis. The directors intend to support the company for the foreseeable future.