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REGISTERED NUMBER: 08218809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Online For Equine Limited

Online For Equine Limited (Registered number: 08218809)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Online For Equine Limited (Registered number: 08218809)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,051 30,933
Tangible assets 5 99,814 103,944
122,865 134,877

CURRENT ASSETS
Stocks 296,796 228,307
Debtors 6 21,669 26,617
Cash at bank and in hand 108,300 99,349
426,765 354,273
CREDITORS
Amounts falling due within one year 7 492,645 410,472
NET CURRENT LIABILITIES (65,880 ) (56,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,985

78,678

CREDITORS
Amounts falling due after more than one year 8 15,536 26,191
NET ASSETS 41,449 52,487

CAPITAL AND RESERVES
Called up share capital 21 21
Share premium 1,997 1,997
Retained earnings 39,431 50,469
SHAREHOLDERS' FUNDS 41,449 52,487

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

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 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.

Online For Equine Limited (Registered number: 08218809)

Statement of Financial Position - continued
31 March 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 Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





L K Thomas - Director


Online For Equine Limited (Registered number: 08218809)

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

1. STATUTORY INFORMATION

Online For Equine Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08218809

Registered office: Yew Tree Farm
London Road
Shirleywich
Staffordshire
ST18 0PN

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 10% on cost and 5% 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.

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.

Going concern
In the opinion of the director, continued financial support will be available such that the company will continue trading and satisfy financial commitments.

On the basis of this opinion, the financial statements have been prepared on a going concern basis. If, for whatever reason, the financial support is not forthcoming, then this basis may be inappropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 4 ) .

Online For Equine Limited (Registered number: 08218809)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 20,000 23,395 43,395
Additions - 15,870 15,870
At 31 March 2024 20,000 39,265 59,265
AMORTISATION
At 1 April 2023 11,000 1,462 12,462
Charge for year 1,000 22,752 23,752
At 31 March 2024 12,000 24,214 36,214
NET BOOK VALUE
At 31 March 2024 8,000 15,051 23,051
At 31 March 2023 9,000 21,933 30,933

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 137,799
Additions 4,543
At 31 March 2024 142,342
DEPRECIATION
At 1 April 2023 33,855
Charge for year 8,673
At 31 March 2024 42,528
NET BOOK VALUE
At 31 March 2024 99,814
At 31 March 2023 103,944

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 804 779
Other debtors 20,865 25,838
21,669 26,617

Online For Equine Limited (Registered number: 08218809)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 127,296 93,626
Trade creditors 236,553 170,298
Taxation and social security 25,576 18,836
Other creditors 103,220 127,712
492,645 410,472

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 15,536 26,191