HORSE WORLD OF BAWTRY LIMITED

Company Registration Number:
12436136 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

HORSE WORLD OF BAWTRY LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

HORSE WORLD OF BAWTRY LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Basat Ali Khan
Secretary: Basat Ali Khan
Registered office: 2
Frederick Street
Kings Cross
London
GBR
WC1X 0ND
Company Registration Number: 12436136 (England and Wales)

HORSE WORLD OF BAWTRY LIMITED

Profit and Loss Account

for the Period Ended 31 January 2024


Notes

2024
£

2023
£
Turnover 540,000 472,625
Cost of sales ( 419,131 ) ( 348,197 )
Gross Profit or (Loss) 120,869 124,428
Administrative Expenses ( 41,883 ) ( 50,732 )
Operating Profit or (Loss) 78,986 73,696
Profit or (Loss) Before Tax 78,986 73,696
Tax on Profit ( 15,197 ) ( 14,002 )
Profit or (Loss) for Period 63,789 59,694

The notes form part of these financial statements

HORSE WORLD OF BAWTRY LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 5,858 7,322
Total fixed assets: 5,858 7,322
Current assets
Stocks: 435,000 332,433
Cash at bank and in hand: 26,540 34,972
Total current assets: 461,540 367,405
Prepayments and accrued income: 0 24,879
Creditors: amounts falling due within one year: 5 ( 250,999 ) ( 246,996 )
Net current assets (liabilities): 210,541 145,288
Total assets less current liabilities: 216,399 152,610
Total net assets (liabilities): 216,399 152,610

The notes form part of these financial statements

HORSE WORLD OF BAWTRY LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 216,299 152,510
Shareholders funds: 216,399 152,610

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 31 October 2024
And Signed On Behalf Of The Board By:

Name: Basat Ali Khan
Status: Director

The notes form part of these financial statements

HORSE WORLD OF BAWTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of
    discounts and value added taxes. Turnover includes revenue earned from the sale of goods and
    from the rendering of services. Turnover from the sale of goods is recognised when the
    significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover
    from the rendering of services is recognised by reference to the stage of completion of the
    contract. The stage of completion of a contract is measured by comparing the costs incurred for
    work performed to date to the total estimated contract costs.



    Tangible fixed assets depreciation policy

    Tangible fixed assets
    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over
    its expected useful life, as follows:
    Freehold buildings over 50 years
    Leasehold land and buildings over the lease term
    Plant and machinery over 5 years
    Fixtures, fittings, tools and equipment over 5 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets
    Intangible fixed assets are measured at cost less accumulative amortisation and any
    accumulative impairment losses.

HORSE WORLD OF BAWTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 1

HORSE WORLD OF BAWTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

HORSE WORLD OF BAWTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 February 2023 7,322 7,322
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2024 7,322 7,322
Depreciation
At 01 February 2023 - -
Charge for year 1,464 1,464
On disposals - -
Other adjustments - -
At 31 January 2024 1,464 1,464
Net book value
At 31 January 2024 5,858 5,858
At 31 January 2023 7,322 7,322

Tangible assets comprise office premises and equipment owned by the company. These assets are stated at cost, net of accumulated depreciation and any impairment losses. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, which are reviewed annually

HORSE WORLD OF BAWTRY LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 89,000 246,996
Taxation and social security 1,540
Other creditors 160,459
Total 250,999 246,996

Creditors falling due within one year include all amounts payable by the company within the next 12 months. These primarily consist of trade payables, accrued expenses, and other short-term liabilities related to operational expenses. The company reviews these payables regularly to ensure timely settlement and efficient cash flow management.Creditors due within one year include the following components:

Director’s Loan: Short-term loans from directors, repayable within the year.
Income Tax: Current portion of income tax liabilities due within the year.
Other Taxes and Social Securities: Includes payable amounts related to VAT, payroll taxes, and social security contributions.
These liabilities are managed to ensure timely compliance with regulatory requirements and effective cash flow management.