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REGISTERED NUMBER: 02909358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

COUNTY SADDLERY LIMITED

COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COUNTY SADDLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E A Freeze





SECRETARY: Ms M V Holdcroft





REGISTERED OFFICE: County Building
Portland Street
Walsall
West Midlands
WS2 8AA





REGISTERED NUMBER: 02909358 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,455 17,120

CURRENT ASSETS
Stocks 174,794 148,284
Debtors 5 769,639 612,209
Cash at bank and in hand 63,436 343,765
1,007,869 1,104,258
CREDITORS
Amounts falling due within one year 6 110,333 114,956
NET CURRENT ASSETS 897,536 989,302
TOTAL ASSETS LESS CURRENT
LIABILITIES

908,991

1,006,422

PROVISIONS FOR LIABILITIES 8 2,864 3,852
NET ASSETS 906,127 1,002,570

CAPITAL AND RESERVES
Called up share capital 32,502 32,502
Retained earnings 873,625 970,068
SHAREHOLDERS' FUNDS 906,127 1,002,570

COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

BALANCE SHEET - continued
31 DECEMBER 2023


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

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

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 26 November 2024 and were signed by:





E A Freeze - Director


COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

County Saddlery 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.
Plant and machinery - 15% on cost
Fixtures and fittings - at varying rates 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.

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.

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
The company has cash resources and has no requirement for external funding. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 19 ) .

COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 79,505 221,713 301,218
Additions - 2,600 2,600
Disposals - (1,100 ) (1,100 )
At 31 December 2023 79,505 223,213 302,718
DEPRECIATION
At 1 January 2023 74,150 209,948 284,098
Charge for year 1,828 6,437 8,265
Eliminated on disposal - (1,100 ) (1,100 )
At 31 December 2023 75,978 215,285 291,263
NET BOOK VALUE
At 31 December 2023 3,527 7,928 11,455
At 31 December 2022 5,355 11,765 17,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,079 31,720
Amounts owed by group undertakings 675,121 535,965
Other debtors 63,439 44,524
769,639 612,209

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 9,365 7,648
Trade creditors 32,278 17,728
Taxation and social security 14,266 32,015
Other creditors 54,424 57,565
110,333 114,956

COUNTY SADDLERY LIMITED (REGISTERED NUMBER: 02909358)

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


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 24,200 24,200
Between one and five years 72,600 96,800
96,800 121,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 2,864 3,852

Deferred
tax
£   
Balance at 1 January 2023 3,852
Movement (988 )
Balance at 31 December 2023 2,864

9. PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions totalling £23 (2022: £23) were payable to the fund at the balance sheet date and are included in creditors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is E A Freeze.

The company regards County Saddlery Inc, a company incorporated in the United States of America, as it's ultimate parent company.