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REGISTERED NUMBER: 09954745 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Bentley Equine Limited

Bentley Equine Limited (Registered number: 09954745)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Bentley Equine Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms J A Bentley





REGISTERED OFFICE: Bank House
27 King Street
Leeds
LS1 2HL





REGISTERED NUMBER: 09954745 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Bentley Equine Limited (Registered number: 09954745)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,006 62,990

CURRENT ASSETS
Stocks 203,665 203,665
Debtors 5 1,543 6,785
Cash at bank and in hand 7,061 6,655
212,269 217,105
CREDITORS
Amounts falling due within one year 6 1,786,775 1,708,564
NET CURRENT LIABILITIES (1,574,506 ) (1,491,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,545,500

)

(1,428,469

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (1,545,600 ) (1,428,569 )
SHAREHOLDERS' FUNDS (1,545,500 ) (1,428,469 )

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

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

The director acknowledges her 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.

Bentley Equine Limited (Registered number: 09954745)

Balance Sheet - continued
31 January 2024


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 30 October 2024 and were signed by:





Ms J A Bentley - Director


Bentley Equine Limited (Registered number: 09954745)

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

1. STATUTORY INFORMATION

Bentley Equine 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.

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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Bentley Equine Limited (Registered number: 09954745)

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

2. 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 27,184 50,652 49,918 778 128,532
Disposals - - (27,746 ) - (27,746 )
At 31 January 2024 27,184 50,652 22,172 778 100,786
DEPRECIATION
At 1 February 2023 20,732 24,928 19,105 777 65,542
Charge for year 1,613 3,858 767 - 6,238
At 31 January 2024 22,345 28,786 19,872 777 71,780
NET BOOK VALUE
At 31 January 2024 4,839 21,866 2,300 1 29,006
At 31 January 2023 6,452 25,724 30,813 1 62,990

Bentley Equine Limited (Registered number: 09954745)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
Disposals 9,249
At 31 January 2024 9,249
NET BOOK VALUE
At 31 January 2024 9,249

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments 1,543 6,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 4,168 5,570
Trade creditors 1,746 1,005
Social security and other taxes (553 ) (237 )
VAT 2,904 1,422
Other creditors 215 360
Directors' current accounts 1,777,235 1,699,384
Accrued expenses 1,060 1,060
1,786,775 1,708,564

Loans from directors are interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

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