Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31truefalse5true2022-11-01falseNo description of principal activity5The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06398269 2022-11-01 2023-10-31 06398269 2021-11-01 2022-10-31 06398269 2023-10-31 06398269 2022-10-31 06398269 c:Director2 2022-11-01 2023-10-31 06398269 d:MotorVehicles 2022-11-01 2023-10-31 06398269 d:MotorVehicles 2023-10-31 06398269 d:MotorVehicles 2022-10-31 06398269 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06398269 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 06398269 d:FurnitureFittings 2022-11-01 2023-10-31 06398269 d:FurnitureFittings 2023-10-31 06398269 d:FurnitureFittings 2022-10-31 06398269 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06398269 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 06398269 d:OfficeEquipment 2022-11-01 2023-10-31 06398269 d:OfficeEquipment 2023-10-31 06398269 d:OfficeEquipment 2022-10-31 06398269 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06398269 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 06398269 d:ComputerEquipment 2022-11-01 2023-10-31 06398269 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06398269 d:LeasedAssetsHeldAsLessee 2022-11-01 2023-10-31 06398269 d:CurrentFinancialInstruments 2023-10-31 06398269 d:CurrentFinancialInstruments 2022-10-31 06398269 d:Non-currentFinancialInstruments 2023-10-31 06398269 d:Non-currentFinancialInstruments 2022-10-31 06398269 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06398269 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06398269 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 06398269 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 06398269 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 06398269 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-10-31 06398269 d:ShareCapital 2023-10-31 06398269 d:ShareCapital 2022-10-31 06398269 d:RetainedEarningsAccumulatedLosses 2023-10-31 06398269 d:RetainedEarningsAccumulatedLosses 2022-10-31 06398269 c:FRS102 2022-11-01 2023-10-31 06398269 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06398269 c:FullAccounts 2022-11-01 2023-10-31 06398269 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06398269 d:HirePurchaseContracts d:WithinOneYear 2023-10-31 06398269 d:HirePurchaseContracts d:WithinOneYear 2022-10-31 06398269 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-10-31 06398269 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-10-31 06398269 2 2022-11-01 2023-10-31 06398269 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure
Registered number:06398269












    

STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
REGISTERED NUMBER:06398269

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
45,576
12,921

  
45,576
12,921

Current assets
  

Stocks
  
9,917
8,247

Debtors: amounts falling due within one year
 6 
81,105
49,098

Cash at bank and in hand
  
93,275
154,247

  
184,297
211,592

Creditors: amounts falling due within one year
 7 
(49,895)
(69,145)

Net current assets
  
 
 
134,402
 
 
142,447

Total assets less current liabilities
  
179,978
155,368

Creditors: amounts falling due after more than one year
 8 
(30,935)
(25,833)

Provisions for liabilities
  

Deferred tax
  
(8,398)
(2,864)

  
 
 
(8,398)
 
 
(2,864)

Net assets
  
140,645
126,671


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
140,545
126,571

  
140,645
126,671


Page 1

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
REGISTERED NUMBER:06398269
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 income statement 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 by: 




................................................
Sally Kidner
Director

Date: 26 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Stoven Hall Equine Clinic and Rehabilitation Centre Limited is a private company limited by shares and registered in England. The registration number and registered office can be found on the information page on these finanacial statements. 

2.Accounting policies

 
2.1

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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

The following principal accounting policies have been applied:

 
2.2

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:

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.

 
2.3

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

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year 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 reporting 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 reporting 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 reporting date.

 
2.6

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

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.6
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
Veterinary equipment
-
25% Reducing balance
Furniture, fittings & office equipment
-
20% Reducing balance

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.

 
2.7

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 reporting 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.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.11

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.


3.


Other operating income

During the year the company received £Nil (2020 - £10,000) government grants in relation to Business rates as support during the Covid-19 pandemic.






4.


Employees





The average monthly number of employees, including directors, during the year was 6 (2022-5).

Page 6

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Tangible fixed assets





Motor vehicles
Veterinary Equipment
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2022
2,870
79,573
26,693
109,136


Additions
35,856
6,026
3,005
44,887



At 31 October 2023

38,726
85,599
29,698
154,023



Depreciation


At 1 November 2022
2,484
72,298
21,433
96,215


Charge for the year on owned assets
1,089
3,331
1,653
6,073


Charge for the year on financed assets
6,159
-
-
6,159



At 31 October 2023

9,732
75,629
23,086
108,447



Net book value



At 31 October 2023
28,994
9,970
6,612
45,576



At 31 October 2022
386
7,275
5,260
12,921

Page 7

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
81,105
49,098

81,105
49,098



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
7,076
18,452

Corporation tax
2,545
18,384

Other taxation and social security
6,694
11,874

Obligations under finance lease and hire purchase contracts
12,081
-

Other creditors
3,039
4,435

Accruals and deferred income
8,460
6,000

49,895
69,145



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,833
25,833

Net obligations under finance leases and hire purchase contracts
15,102
-

30,935
25,833


Page 8

 
STOVEN HALL EQUINE CLINIC AND REHABILITATION CENTRE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000


Amounts falling due 2-5 years

Bank loans
15,833
25,833


15,833
25,833


25,833
35,833



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
12,081
-

Between 1-5 years
15,102
-

27,183
-

Page 9