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REGISTERED NUMBER: 12256010 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GLOBAL EQUINE TRANSPORT LIMITED

GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GLOBAL EQUINE TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S P Vogt





REGISTERED OFFICE: Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR





REGISTERED NUMBER: 12256010 (England and Wales)





ACCOUNTANTS: MDG Business Associates Limited
Room 73
Wrest House
Wrest Park
Silsoe
Bedfordshire
MK45 4HR

GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 90,125 98,495

CURRENT ASSETS
Stocks 8,500 -
Debtors 6 90,053 154,467
Cash at bank and in hand 50,320 51,261
148,873 205,728
CREDITORS
Amounts falling due within one year 7 92,225 159,434
NET CURRENT ASSETS 56,648 46,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,773

144,789

CREDITORS
Amounts falling due after more than one year 8 (21,111 ) (27,224 )

PROVISIONS FOR LIABILITIES 9 (8,646 ) (10,198 )
NET ASSETS 117,016 107,367

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 116,916 107,267
SHAREHOLDERS' FUNDS 117,016 107,367

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

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

The director acknowledges his 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 director and authorised for issue on 28 October 2024 and were signed by:





S P Vogt - Director


GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Global Equine Transport 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on 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.

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.

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.

GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

The bounce back loan scheme
The Bounce Back Loan Scheme (BBLS) enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of the loan and there are no fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% per annum.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 52,233 2,845 46,690 2,508 104,276
Additions - - 49,995 - 49,995
Disposals - - (46,690 ) - (46,690 )
At 31 March 2024 52,233 2,845 49,995 2,508 107,581
Depreciation
At 1 April 2023 1,959 1,039 1,945 838 5,781
Charge for year 7,541 453 5,208 418 13,620
Eliminated on disposal - - (1,945 ) - (1,945 )
At 31 March 2024 9,500 1,492 5,208 1,256 17,456
Net book value
At 31 March 2024 42,733 1,353 44,787 1,252 90,125
At 31 March 2023 50,274 1,806 44,745 1,670 98,495

GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023 46,690
Additions 49,995
Disposals (46,690 )
At 31 March 2024 49,995
Depreciation
At 1 April 2023 1,945
Charge for year 5,208
Eliminated on disposal (1,945 )
At 31 March 2024 5,208
Net book value
At 31 March 2024 44,787
At 31 March 2023 44,745

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,796 152,977
Other debtors 723 1,490
VAT 8,473 -
Prepayments 5,061 -
90,053 154,467

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 8,961
Hire purchase contracts 13,333 14,130
Trade creditors 44,195 77,483
Corporation tax 6,613 11,163
VAT - 2,113
Other creditors 12,541 12,036
Director's loan account 13,042 28,568
Accrued expenses 2,501 4,980
92,225 159,434

The loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest is being charged at 0% in the first year and 2.5% per annum thereafter.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 21,111 27,224

The loan is 100% guaranteed by the government in line with the COVID scheme rules. Interest is being charged at 0% in the first year and 2.5% per annum thereafter.

GLOBAL EQUINE TRANSPORT LIMITED (REGISTERED NUMBER: 12256010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,646 10,198

Deferred
tax
£   
Balance at 1 April 2023 10,198
Capital allowances in excess
of depreciation (1,552 )
Balance at 31 March 2024 8,646

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Included within creditors is an amount of £13,042 (2023: £28,568) due to S P Vogt, director. No interest has been charged on this balance during the year and there are no set repayment terms.