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REGISTERED NUMBER: 10090309 (England and Wales)















Tor Equine Limited

Financial Statements for the Year Ended 31st March 2024






Tor Equine Limited (Registered number: 10090309)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Tor Equine Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: B J Trimmer
R A Frost
Mrs K E Frost





REGISTERED OFFICE: 7 East Pallant
Chichester
West Sussex
PO19 1TR





REGISTERED NUMBER: 10090309 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR

Tor Equine Limited (Registered number: 10090309)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,418 17,791
Tangible assets 5 395,880 396,475
411,298 414,266

CURRENT ASSETS
Stocks 14,465 28,929
Debtors 6 91,421 53,126
Cash at bank 21,408 31,924
127,294 113,979
CREDITORS
Amounts falling due within one year 7 205,457 177,029
NET CURRENT LIABILITIES (78,163 ) (63,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,135

351,216

CREDITORS
Amounts falling due after more than one
year

8

231,688

255,498
NET ASSETS 101,447 95,718

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 101,347 95,618
SHAREHOLDERS' FUNDS 101,447 95,718

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

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

Tor Equine Limited (Registered number: 10090309)

Balance Sheet - continued
31st 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 3rd December 2024 and were signed on its behalf by:




R A Frost - Director



B J Trimmer - Director


Tor Equine Limited (Registered number: 10090309)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Tor Equine 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 2020, is being amortised evenly over its estimated useful life of ten 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.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Tor Equine Limited (Registered number: 10090309)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 23,721
AMORTISATION
At 1st April 2023 5,930
Charge for year 2,373
At 31st March 2024 8,303
NET BOOK VALUE
At 31st March 2024 15,418
At 31st March 2023 17,791

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 315,641 116,083 74,295 5,538 511,557
Additions - 11,635 4,695 1,348 17,678
At 31st March 2024 315,641 127,718 78,990 6,886 529,235
DEPRECIATION
At 1st April 2023 - 69,620 42,500 2,962 115,082
Charge for year - 9,293 8,242 738 18,273
At 31st March 2024 - 78,913 50,742 3,700 133,355
NET BOOK VALUE
At 31st March 2024 315,641 48,805 28,248 3,186 395,880
At 31st March 2023 315,641 46,463 31,795 2,576 396,475

Tor Equine Limited (Registered number: 10090309)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,365 43,734
Other debtors 100 100
Prepayments and accrued income 16,956 9,292
91,421 53,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,684 24,201
Hire purchase contracts 22,067 18,151
Trade creditors 59,966 52,520
Tax 9,862 3,078
Social security and other taxes 14,752 10,567
VAT 19,225 18,402
Other creditors 32,041 7,097
Directors' loan accounts 23,760 35,789
Accruals and deferred income 3,100 7,224
205,457 177,029

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 211,525 228,692
Hire purchase contracts 20,163 26,806
231,688 255,498

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1st April 2023 95,618
Profit for the year 26,729
Dividends (21,000 )
At 31st March 2024 101,347

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Tor Equine Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tor Equine Limited for the year ended 31st March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tor Equine Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tor Equine Limited and state those matters that we have agreed to state to the Board of Directors of Tor Equine Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tor Equine Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tor Equine Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tor Equine Limited. You consider that Tor Equine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tor Equine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sheen Stickland
Chartered Accountants
7 East Pallant
Chichester
West Sussex
PO19 1TR


3rd December 2024