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REGISTERED NUMBER: 09278228 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

T WILLIAMS SPORTS HORSES LIMITED

T WILLIAMS SPORTS HORSES LIMITED (REGISTERED NUMBER: 09278228)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


T WILLIAMS SPORTS HORSES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: T G Williams





REGISTERED OFFICE: 2 New Forest Lane
Old Wives Lees
Canterbury
Kent
CT4 8BG





REGISTERED NUMBER: 09278228 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

T WILLIAMS SPORTS HORSES LIMITED (REGISTERED NUMBER: 09278228)

BALANCE SHEET
31ST OCTOBER 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 541,910 565,210

CURRENT ASSETS
Stocks 125,000 195,000
Debtors 5 160,363 61,029
Cash at bank 139,685 47,343
425,048 303,372
CREDITORS
Amounts falling due within one year 6 (338,629 ) (330,827 )
NET CURRENT ASSETS/(LIABILITIES) 86,419 (27,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,329

537,755

CREDITORS
Amounts falling due after more than one
year

7

(268,813

)

(282,899

)

PROVISIONS FOR LIABILITIES (15,827 ) (15,827 )
NET ASSETS 343,689 239,029

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 343,688 239,028
343,689 239,029

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

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

T WILLIAMS SPORTS HORSES LIMITED (REGISTERED NUMBER: 09278228)

BALANCE SHEET - continued
31ST OCTOBER 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 director and authorised for issue on 31st October 2024 and were signed by:





T G Williams - Director


T WILLIAMS SPORTS HORSES LIMITED (REGISTERED NUMBER: 09278228)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

T Williams Sports Horses 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 20% 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

T WILLIAMS SPORTS HORSES LIMITED (REGISTERED NUMBER: 09278228)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st November 2022 504,195 316,344 820,539
Additions 16,400 4,784 21,184
At 31st October 2023 520,595 321,128 841,723
DEPRECIATION
At 1st November 2022 30,252 225,077 255,329
Charge for year 10,412 34,072 44,484
At 31st October 2023 40,664 259,149 299,813
NET BOOK VALUE
At 31st October 2023 479,931 61,979 541,910
At 31st October 2022 473,943 91,267 565,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 160,363 61,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 20,435 20,435
Hire purchase contracts 27,162 54,563
Trade creditors 82,545 89,878
Taxation and social security 154,603 61,936
Other creditors 53,884 104,015
338,629 330,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 268,813 282,899

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 187,074 201,160

8. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £15,006 due to the director of the company. No interest is being charged on this amount and there are no fixed terms for repayment.