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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
Page
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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
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Hest Bank Kennels Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
127,990 
64,094 
Current assets
Inventories
14,608 
10,773 
Debtors
4,403 
14,313 
Cash at bank and in hand
95,599 
45,420 
114,610 
70,506 
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)
Capital and reserves
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
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Hest Bank Kennels Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Intangible 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
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.
Pension costs
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.
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Hest Bank Kennels Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
125,000 
At 31 March 2024
125,000 
Amortisation
At 1 April 2023
125,000 
At 31 March 2024
125,000 
Net book value
At 31 March 2024
- 
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 
Disposals
- 
(92)
- 
(92)
At 31 March 2024
154,330 
31,205 
7,400 
192,935 
Depreciation
At 1 April 2023
14,115 
17,262 
4,018 
35,395 
Charge for the year
24,129 
4,616 
846 
29,591 
On disposals
- 
(41)
- 
(41)
At 31 March 2024
38,244 
21,837 
4,864 
64,945 
Net book value
At 31 March 2024
116,086 
9,368 
2,536 
127,990 
At 31 March 2023
47,796 
12,916 
3,382 
64,094 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
4,403 
14,313 
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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 
VAT
12,809 
489 
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 
Other creditors
- 
750 
Loans from directors
176,012 
114,130 
207,722 
160,234 
The directors have guaranteed the bank overdraft.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,727 
32,642 
Obligations under finance leases and hire purchase contracts
- 
615 
26,727 
33,257 
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 
- 
99,000 
9,000 
10
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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