Registered number
05944049
Staffordshire Horseboxes Limited
Filleted Accounts
31 March 2024
Staffordshire Horseboxes Limited
Registered number: 05944049
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 477 1,264
Current assets
Stocks 26,514 52,083
Debtors 4 31,066 34,245
Cash at bank and in hand 17,157 12,414
74,737 98,742
Creditors: amounts falling due within one year 5 (564,676) (573,177)
Net current liabilities (489,939) (474,435)
Total assets less current liabilities (489,462) (473,171)
Creditors: amounts falling due after more than one year 6 (34,710) (13,000)
Net liabilities (524,172) (486,171)
Capital and reserves
Called up share capital 1 1
Profit and loss account (524,173) (486,172)
Shareholder's funds (524,172) (486,171)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S J Sansom
Director
Approved by the board on 27 December 2024
Staffordshire Horseboxes Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 5,713
At 31 March 2024 5,713
Depreciation
At 1 April 2023 4,449
Charge for the year 787
At 31 March 2024 5,236
Net book value
At 31 March 2024 477
At 31 March 2023 1,264
4 Debtors 2024 2023
£ £
Trade debtors 31,066 30,000
Other debtors - 4,245
31,066 34,245
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,832 6,000
Trade creditors 29,278 29,618
Other taxes and social security costs 19,291 14,806
Other creditors 504,275 522,753
564,676 573,177
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 34,710 13,000
7 Other information
Staffordshire Horseboxes Limited is a private company limited by shares and incorporated in England. Its registered office is:
Springfield Farm
Rowley Park
Hamstall Ridware
Staffordshire
WS15 3SL
Staffordshire Horseboxes Limited 05944049 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Ms S J Sansom No description of principal activity 05944049 2022-04-01 2023-03-31 05944049 core:WithinOneYear 2023-03-31 05944049 core:AfterOneYear 2023-03-31 05944049 core:ShareCapital 2023-03-31 05944049 core:RetainedEarningsAccumulatedLosses 2023-03-31 05944049 2023-04-01 2024-03-31 05944049 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05944049 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05944049 bus:Director40 2023-04-01 2024-03-31 05944049 2 2023-04-01 2024-03-31 05944049 core:PlantMachinery 2023-04-01 2024-03-31 05944049 countries:England 2023-04-01 2024-03-31 05944049 bus:FRS102 2023-04-01 2024-03-31 05944049 bus:FilletedAccounts 2023-04-01 2024-03-31 05944049 2024-03-31 05944049 core:WithinOneYear 2024-03-31 05944049 core:AfterOneYear 2024-03-31 05944049 core:ShareCapital 2024-03-31 05944049 core:RetainedEarningsAccumulatedLosses 2024-03-31 05944049 core:PlantMachinery 2024-03-31 05944049 2023-03-31 05944049 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure