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Registered number: 05830589

AB SPORT HORSES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
FIELDING ACCOUNTANTS LIMITED
ACCOUNTANTS
73 BANKSIDE LANE
BACUP
LANCASHIRE
OL13 8HP

AB SPORT HORSES LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
A J Bolton
REGISTERED OFFICE
73 Bankside Lane
Bacup
Lancashire
OL13 8HP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05830589
ACCOUNTANTS
FIELDING ACCOUNTANTS LIMITED
ACCOUNTANTS
73 BANKSIDE LANE
BACUP
LANCASHIRE
OL13 8HP

AB SPORT HORSES LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

AB SPORT HORSES LIMITED

BALANCE SHEET AT 31/03/2024
20242023
Notes££
CURRENT ASSETS
Stock52,20053,200
Debtors4111,64443,979
Cash at bank and in hand29,91669,685
193,760166,864
CREDITORS: Amounts falling due within one year5117,89478,659
NET CURRENT ASSETS75,86688,205
TOTAL ASSETS LESS CURRENT LIABILITIES75,86688,205
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account75,86588,204
SHAREHOLDERS' FUNDS75,86688,205
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16/01/2025 and signed on their behalf by
.............................
A J Bolton
Director

AB SPORT HORSES LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. STOCK 20242023
££
Stock comprises:
Stock52,20053,200
52,20053,200

AB SPORT HORSES LIMITED

4. DEBTORS 20242023
££
Amounts falling due within one year
VAT6,754-
Amounts owed by group undertakings104,89043,979
111,64443,979
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Corporation tax13,2419,691
VAT-5,397
PAYE creditor479-
Directors current account100,53660,139
Trade creditors1,8881,682
Accruals1,7501,750
117,89478,659
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
7. PARENT COMPANY
The company is a wholly owned subsidiary of Merecourt Properties Limited, a company registered in England and Wales. The registered office of this company is 73 Bankside Lane, Bacup, Lancashire, OL13 8HP.
The company's ultimate parent company is Merecourt Properties Limited.