2023-04-01 01554203 2024-03-31 01554203 2023-04-01 2024-03-31 01554203 2023-03-31 01554203 2022-04-01 2023-03-31 01554203 uk-core:WithinOneYear 2023-03-31 01554203 uk-core:WithinOneYear 2024-03-31 01554203 uk-core:AfterOneYear 2023-03-31 01554203 uk-core:AfterOneYear 2024-03-31 01554203 uk-core:ShareCapital 2024-03-31 01554203 uk-core:ShareCapital 2023-03-31 01554203 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 01554203 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 01554203 uk-bus:Director1 2023-04-01 2024-03-31 01554203 uk-bus:Director2 2023-04-01 2024-03-31 01554203 uk-core:PlantMachinery 2023-04-01 2024-03-31 01554203 uk-core:ComputerEquipment 2023-04-01 2024-03-31 01554203 uk-core:MotorCars 2023-04-01 2024-03-31 01554203 uk-core:FurnitureFittings 2023-04-01 2024-03-31 01554203 uk-core:ComputerEquipment 2023-03-31 01554203 uk-core:FurnitureFittings 2023-03-31 01554203 uk-core:MotorCars 2023-03-31 01554203 uk-core:PlantMachinery 2023-03-31 01554203 uk-core:MotorCars 2024-03-31 01554203 uk-core:FurnitureFittings 2024-03-31 01554203 uk-core:ComputerEquipment 2024-03-31 01554203 uk-core:PlantMachinery 2024-03-31 01554203 uk-core:CostValuation 2023-03-31 01554203 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 01554203 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 01554203 uk-core:CostValuation 2024-03-31 01554203 uk-core:Non-currentFinancialInstruments 2024-03-31 01554203 uk-core:Non-currentFinancialInstruments 2023-03-31 01554203 uk-core:WithinOneYear uk-core:Secured 2024-03-31 01554203 uk-core:WithinOneYear uk-core:Secured 2023-03-31 iso4217:GBP xbrli:pure 01554203 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01554203 uk-bus:FRS102 2023-04-01 2024-03-31 01554203 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 01554203 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Fieldhouse Riding Equipment Limited
Registered Number:01554203
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Fieldhouse Riding Equipment Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01554203
As at 31 March 2024
Fieldhouse Riding Equipment Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
110,085
130,763
2
Financial assets
1,750
1,750
3
111,835
132,513
Current assets
Inventories
319,904
276,164
4
Trade and other receivables
120,992
103,048
5
305,659
Cash and cash equivalents
462,455
841,667
746,555
Trade and other payables: amounts falling due within one
year
(301,223)
(306,369)
6
445,332
535,298
Net current assets
Total assets less current liabilities
647,133
577,845
Trade and other payables: amounts falling due after more
than one year
(42,449)
(39,225)
7
607,908
Net assets
535,396
Capital and reserves
Called up share capital
10,000
10,000
Retained earnings
597,908
525,396
607,908
535,396
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
Registered Number :
01554203
For the year ended 31 March 2024
Fieldhouse Riding Equipment Limited
Statement of Financial Position Continued
Mr Geoffrey Fieldhouse Director
Mrs Shirley Fieldhouse Director
These financial statements were approved and authorised for issue by the Board on 23 July 2024 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2024
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements
Statutory Information
Fieldhouse Riding Equipment Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 01554203.
Registered address:
Birchills Industrial Estate
Green Lane
Walsall
West Midlands
WS2 8LE
The presentation currency is £ sterling.
The principal activity of the company during the year was that of wholesaling equestrian equipment.
The company is a limited company incorporated in England and Wales.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
25%-50% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
20% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 5
6
For the year ended 31 March 2024
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 April 2023
542,025
142,306
194,092
198,756
6,871
55,340
-
-
55,340
-
Additions
-
-
(45,650)
-
Disposals
(45,650)
At 31 March 2024
208,446
194,092
142,306
551,715
6,871
Provision for depreciation and impairment
At 01 April 2023
411,262
132,391
191,443
80,557
6,871
Charge for year
52,645
1,983
529
50,133
-
(22,277)
-
-
(22,277)
-
On disposal
At 31 March 2024
441,630
134,374
191,972
108,413
6,871
At 31 March 2024
Net book value
-
100,033
2,120
7,932
110,085
At 31 March 2023
-
118,199
2,649
9,915
130,763
3. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 April 2023
1,750
1,750
Cost
£
£
At 31 March 2024
1,750
1,750
At 31 March 2024
Net book value
1,750
1,750
At 01 April 2023
1,750
1,750
4 of 5
7
For the year ended 31 March 2024
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements Continued
4. Inventories
2023
2024
£
£
Stocks
276,164
319,904
5. Trade and other receivables
2023
2024
£
£
Trade debtors
122,615
140,559
Amounts owed by group undertakings and participating interests
(19,567)
(19,567)
120,992
103,048
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
13,636
Trade creditors
165,731
128,698
Taxation and social security
66,018
52,607
Other creditors
74,620
106,282
306,369
301,223
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
-
39,000
Other creditors
39,225
3,449
39,225
42,449
8. Average number of persons employed
During the year the average number of employees was 9 (2023 : 9)
5 of 5