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REGISTERED NUMBER: 14372389 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE HORSESHOE (CHIPPING SODBURY) LIMITED

THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HORSESHOE (CHIPPING SODBURY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M R Lewis
S J Sands
A P Wigginton





REGISTERED OFFICE: Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU





REGISTERED NUMBER: 14372389 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU

THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 78,000 104,000
Tangible assets 5 22,905 21,666
100,905 125,666

CURRENT ASSETS
Stocks 5,286 5,857
Debtors 6 16,403 6,900
Cash at bank and in hand 24,244 13,504
45,933 26,261
CREDITORS
Amounts falling due within one year 7 199,374 200,158
NET CURRENT LIABILITIES (153,441 ) (173,897 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(52,536

)

(48,231

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,636 ) (48,331 )
SHAREHOLDERS' FUNDS (52,536 ) (48,231 )

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.

THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

BALANCE SHEET - 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 28 November 2024 and were signed on its behalf by:




S J Sands - Director



A P Wigginton - Director


THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

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

1. STATUTORY INFORMATION

The Horseshoe (Chipping Sodbury) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, 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 each asset over its estimated useful life.
Fixtures and fittings - 15% 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.


THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 130,000
AMORTISATION
At 1 April 2023 26,000
Charge for year 26,000
At 31 March 2024 52,000
NET BOOK VALUE
At 31 March 2024 78,000
At 31 March 2023 104,000

THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 25,489
Additions 5,956
At 31 March 2024 31,445
DEPRECIATION
At 1 April 2023 3,823
Charge for year 4,717
At 31 March 2024 8,540
NET BOOK VALUE
At 31 March 2024 22,905
At 31 March 2023 21,666

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,980 2,086
Other debtors 8,423 4,814
16,403 6,900

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 10,798 6,646
Taxation and social security 12,588 10,195
Other creditors 175,988 183,317
199,374 200,158

8. SECURED DEBTS

The company's bank holds fixed and floating charges over all the property or undertaking of the company.

THE HORSESHOE (CHIPPING SODBURY) LIMITED (REGISTERED NUMBER: 14372389)

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

9. RELATED PARTY DISCLOSURES

The company maintains an interest free loan with SWF Properties Limited and, during the year, the company paid rent of £20,000 (2023: £4,500) to SWF Properties Limited. At the balance sheet date, the company owed £127,902 (2023: £158,300) to SWF Properties Limited. SWF Properties Limited and the company have two directors in common.

During the year, the company was invoiced £942 (2023: £7,818) by AGI Global Logistics Limited in respect of various recharged expenses. At the balance sheet date, the company owed £7,308 (2023: £7,818) to AGI Global Logistics Limited. AGI Global Logistics Limited and the company have two directors in common.

During the year, the company was invoiced £100 (2023: £462) by AGI Global (BRS) Logistics Limited in respect of various recharged expenses. At the balance sheet date, the company owed £Nil (2023: £462) to AGI Global Logistics (BRS) Limited. AGI Global Logistics (BRS) Limited and the company have two directors in common.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.