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REGISTERED NUMBER: 08316943 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr J R Crabtree
Mr C D Cooke





REGISTERED OFFICE: 12 Alma Square
Scarborough
North Yorkshire
YO11 1JU





REGISTERED NUMBER: 08316943 (England and Wales)

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

STATEMENT OF FINANCIAL POSITION
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 355,808 349,575
Investments 6 50 50
355,858 349,625

CURRENT ASSETS
Inventories 51,339 56,837
Debtors 7 681,846 548,186
Cash at bank and in hand 86,099 284,460
819,284 889,483
CREDITORS
Amounts falling due within one year 8 264,245 281,561
NET CURRENT ASSETS 555,039 607,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

910,897

957,547

PROVISIONS FOR LIABILITIES 55,566 54,538
NET ASSETS 855,331 903,009

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 855,131 902,809
SHAREHOLDERS' FUNDS 855,331 903,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

STATEMENT OF FINANCIAL POSITION - continued
31 December 2023


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 19 October 2024 and were signed on its behalf by:




Mr J R Crabtree - Director



Mr C D Cooke - Director


EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Equine Reproductive Services (UK) 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.

Going concern
The directors have considered the financial resources and commitments of the company and have concluded that there are sufficient resources in place to continue operating for the foreseeable future. The directors therefore consider it appropriate to continue to prepare the accounts on the going concern basis.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any other estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Intangible fixed assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of one year.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property -4% on cost
Plant and equipment-25% on reducing balance
Fixtures and fittings-25% on reducing balance
Motor vehicles-25% on reducing balance
Computer equipment-25% on reducing balance

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary and associate undertakings are initially measured at cost. After initial recognition investments in subsidiary and associate undertakings are measured at cost less any accumulated impairment losses.

Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 45,700
AMORTISATION
At 1 January 2023
and 31 December 2023 45,700
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property equipment fittings
£    £    £   
COST
At 1 January 2023 271,559 235,757 20,955
Additions - 15,119 -
Disposals - - -
At 31 December 2023 271,559 250,876 20,955
DEPRECIATION
At 1 January 2023 50,060 178,746 16,048
Charge for year 10,862 16,600 1,226
Eliminated on disposal - - -
At 31 December 2023 60,922 195,346 17,274
NET BOOK VALUE
At 31 December 2023 210,637 55,530 3,681
At 31 December 2022 221,499 57,011 4,907

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 81,778 14,644 624,693
Additions 59,629 769 75,517
Disposals (30,280 ) - (30,280 )
At 31 December 2023 111,127 15,413 669,930
DEPRECIATION
At 1 January 2023 22,405 7,859 275,118
Charge for year 18,444 1,808 48,940
Eliminated on disposal (9,936 ) - (9,936 )
At 31 December 2023 30,913 9,667 314,122
NET BOOK VALUE
At 31 December 2023 80,214 5,746 355,808
At 31 December 2022 59,373 6,785 349,575

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

EQUINE REPRODUCTIVE SERVICES (UK)
LIMITED (REGISTERED NUMBER: 08316943)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 441,843 190,458
Amounts owed by participating interests 216,206 223,068
Other debtors 23,797 134,660
681,846 548,186

There are no specific repayment terms for the amounts owed by participating interests therefore these may be repaid after more than one year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,250 50,966
Taxation and social security 98,161 115,433
Other creditors 128,834 115,162
264,245 281,561