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REGISTERED NUMBER: 07626103 (England and Wales)















LARKHILL SADDLERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LARKHILL SADDLERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: J J Archer





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
Derbyshire
DE21 4BJ





REGISTERED NUMBER: 07626103 (England and Wales)

LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1
Tangible assets 5 - 32,508
- 32,509

CURRENT ASSETS
Stocks - 29,362
Debtors 6 13,799 5,391
Cash at bank and in hand 2,991 152,856
16,790 187,609
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

42,649

65,195
NET CURRENT (LIABILITIES)/ASSETS (25,859 ) 122,414
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,859

)

154,923

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

-

(150,000

)

PROVISIONS FOR LIABILITIES 9 - (6,177 )
NET LIABILITIES (25,859 ) (1,254 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (25,959 ) (1,354 )
SHAREHOLDERS' FUNDS (25,859 ) (1,254 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 28 November 2024 and were signed by:





J J Archer - Director


LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Larkhill 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

Compliance with accounting standards
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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023 10,000
Disposals (10,000 )
At 31 May 2024 -
AMORTISATION
At 1 June 2023 9,999
Eliminated on disposal (9,999 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 June 2023 5,649 4,038 16,672
Disposals (5,649 ) (4,038 ) (16,672 )
At 31 May 2024 - - -
DEPRECIATION
At 1 June 2023 5,649 2,621 9,492
Charge for year - 54 110
Eliminated on disposal (5,649 ) (2,675 ) (9,602 )
At 31 May 2024 - - -
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 - 1,417 7,180

LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 35,777 1,374 63,510
Disposals (35,777 ) (1,374 ) (63,510 )
At 31 May 2024 - - -
DEPRECIATION
At 1 June 2023 11,868 1,372 31,002
Charge for year 531 - 695
Eliminated on disposal (12,399 ) (1,372 ) (31,697 )
At 31 May 2024 - - -
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 23,909 2 32,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,799 5,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49 3,830
Taxation and social security 1 11,709
Other creditors 42,599 49,656
42,649 65,195

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors - 150,000

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances - 6,177

LARKHILL SADDLERY LIMITED (REGISTERED NUMBER: 07626103)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 6,177
Provided during year (6,177 )
Balance at 31 May 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. CONTROLLING PARTY

The controlling party is J J Archer.