Company Registration No. 11120055 (England and Wales)
Hest Bank Kennels Limited
Unaudited accounts
for the year ended 31 March 2024
Hest Bank Kennels Limited
Unaudited accounts
Contents
Hest Bank Kennels Limited
Company Information
for the year ended 31 March 2024
Directors
Terance McArdle
Garry Wilkinson
Company Number
11120055 (England and Wales)
Registered Office
74 Coastal Road
Hest Bank
Lancaster
LA2 6HQ
Accountants
Stewart Advisory Limited
Cotton Court
Church Street
Preston
PR1 3BY
Hest Bank Kennels Limited
Statement of financial position
as at 31 March 2024
Tangible assets
127,990
64,094
Cash at bank and in hand
95,599
45,420
Creditors: amounts falling due within one year
(207,722)
(160,234)
Net current liabilities
(93,112)
(89,728)
Total assets less current liabilities
34,878
(25,634)
Creditors: amounts falling due after more than one year
(26,727)
(33,257)
Net assets/(liabilities)
8,151
(58,891)
Called up share capital
100
100
Profit and loss account
8,051
(58,991)
Shareholders' funds
8,151
(58,891)
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Terance McArdle
Director
Company Registration No. 11120055
Hest Bank Kennels Limited
Notes to the Accounts
for the year ended 31 March 2024
Hest Bank Kennels Limited is a private company, limited by shares, registered in England and Wales, registration number 11120055. The registered office is 74 Coastal Road, Hest Bank, Lancaster, LA2 6HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised to profit and loss account over its estimated economic life of 5 years on a straight line basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold improvements 5 years straight line
Plant & machinery
3 years reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Hest Bank Kennels Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
61,911
30,178
7,400
99,489
Additions
92,419
1,119
-
93,538
At 31 March 2024
154,330
31,205
7,400
192,935
At 1 April 2023
14,115
17,262
4,018
35,395
Charge for the year
24,129
4,616
846
29,591
At 31 March 2024
38,244
21,837
4,864
64,945
At 31 March 2024
116,086
9,368
2,536
127,990
At 31 March 2023
47,796
12,916
3,382
64,094
Amounts falling due within one year
Accrued income and prepayments
4,403
14,313
Hest Bank Kennels Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,809
9,809
Obligations under finance leases and hire purchase contracts
615
1,476
Trade creditors
4,836
20,601
Taxes and social security
3,641
12,979
Loans from directors
176,012
114,130
The directors have guaranteed the bank overdraft.
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
615
9
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
22,000
9,000
Later than one year and not later than five years
77,000
-
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).