Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falsetrue662023-07-01Promotion of the equestrian industrytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01330996 2023-07-01 2024-06-30 01330996 2024-06-30 01330996 2022-07-01 2023-06-30 01330996 2023-06-30 01330996 c:Director6 2023-07-01 2024-06-30 01330996 d:PlantMachinery 2023-07-01 2024-06-30 01330996 d:MotorVehicles 2023-07-01 2024-06-30 01330996 d:MotorVehicles 2024-06-30 01330996 d:MotorVehicles 2023-06-30 01330996 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01330996 d:FurnitureFittings 2023-07-01 2024-06-30 01330996 d:FurnitureFittings 2024-06-30 01330996 d:FurnitureFittings 2023-06-30 01330996 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01330996 d:OfficeEquipment 2023-07-01 2024-06-30 01330996 d:OfficeEquipment 2024-06-30 01330996 d:OfficeEquipment 2023-06-30 01330996 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01330996 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 01330996 d:CurrentFinancialInstruments 2024-06-30 01330996 d:CurrentFinancialInstruments 2023-06-30 01330996 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 01330996 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 01330996 d:ShareCapital 2024-06-30 01330996 d:ShareCapital 2023-06-30 01330996 d:RetainedEarningsAccumulatedLosses 2024-06-30 01330996 d:RetainedEarningsAccumulatedLosses 2023-06-30 01330996 c:FRS102 2023-07-01 2024-06-30 01330996 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 01330996 c:FullAccounts 2023-07-01 2024-06-30 01330996 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 01330996 2 2023-07-01 2024-06-30 01330996 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company Registration Number 01330996























EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 30 JUNE 2024



















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EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
REGISTERED NUMBER: 01330996

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,469
4,379

Current assets
  

Debtors: amounts falling due within one year
 5 
207,497
197,562

Cash at bank and in hand
  
709,638
709,164

  
917,135
906,726

Creditors: amounts falling due within one year
 6 
(766,447)
(753,307)

Net current assets
  
 
 
150,688
 
 
153,419

Total assets less current liabilities
  
153,157
157,798

  

Net assets
  
153,157
157,798


Capital and reserves
  

Called up share capital 
  
3,680
3,680

Profit and loss account
  
149,477
154,118

  
153,157
157,798


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
W B Hofstee
Director
Date: 30 October 2024

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company limited by shares incorporated and domiciled in the United Kingdom. It trades from its registered office at Stockeld Park, Wetherby, West Yorkshire, LS22 4AW.
The principal activity of the company is the promotion of the equestrian industry.
These financial statements have been presented in Pound Sterling as this is the currency of the primary economic environment in which the company operates. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of The British Equestrian Trade Association as at 30 June 2023 and these financial statements may be obtained from Companies House.

Page 2

 
EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Plant and machinery
-
33% straight line
Motor vehicles
-
33% reducing balance
Fixtures and fittings
-
20 - 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.11

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average number of employees, including directors, during the year was 6 (2023 - 6).

Page 4

 
EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
52,800
46,069
125,808
224,677


Additions
-
-
1,608
1,608



At 30 June 2024

52,800
46,069
127,416
226,285



Depreciation


At 1 July 2023
49,336
46,069
124,894
220,299


Charge for the year on owned assets
995
-
2,522
3,517



At 30 June 2024

50,331
46,069
127,416
223,816



Net book value



At 30 June 2024
2,469
-
-
2,469



At 30 June 2023
3,464
-
915
4,379


5.


Debtors

2024
2023
£
£


Trade debtors
117,343
82,502

Prepayments and accrued income
90,154
115,060

207,497
197,562



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
47,165
80,266

Amounts owed to group undertakings
425,491
376,995

Other taxation and social security
24,428
35,011

Other creditors
547
473

Accruals and deferred income
268,816
260,562

766,447
753,307


Page 5

 
EQUESTRIAN MANAGEMENT CONSULTANTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,960 (2023 - £5,956). Contributions totalling £547 (2023 - £473) were payable to the fund at the reporting date.


8.


Commitments under operating leases

The Company had no commitments under non-cancellable operating leases at the reporting date.


9.


Related party transactions

The company has taken advantage of exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the group, since 100% of the voting rights in the company are controlled within the group and the company is included within the group accounts which are publicly available.


10.


Controlling party

The ultimate controlling party is The British Equestrian Trade Association Limited, a company incorporated in England and Wales. The consolidated financial statements of The British Equestrian Trade Association Limited are available to the public and may be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

Page 6