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Registered number: 08797338













Aztec Diamond Equestrian (UK) Limited

Financial statements
Information for filing with the registrar

30 April 2024




 
Aztec Diamond Equestrian (UK) Limited


Balance sheet
At 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
68,197
88,968

  
68,197
88,968

Current assets
  

Stocks
  
612,002
609,934

Debtors
 5 
831,132
428,476

Cash at bank and in hand
  
388,218
365,954

  
1,831,352
1,404,364

Creditors: amounts falling due within one year
 6 
(742,453)
(370,303)

Net current assets
  
 
 
1,088,899
 
 
1,034,061

Total assets less current liabilities
  
1,157,096
1,123,029

Creditors: amounts falling due after more than one year
 7 
(33,898)
(52,235)

Provisions for liabilities
  

Deferred tax
  
(7,055)
(16,904)

  
 
 
(7,055)
 
 
(16,904)

Net assets
  
1,116,143
1,053,890


Capital and reserves
  

Called up share capital 
  
5
5

Capital redemption reserve
  
30,000
30,000

Profit and loss account
  
1,086,138
1,023,885

Shareholders' funds
  
1,116,143
1,053,890


1

 
Aztec Diamond Equestrian (UK) Limited

    
Balance sheet (continued)
At 30 April 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 on 23 January 2025.




J McCabe
Director

Registered number: 08797338
The notes on pages 3 to 6 form part of these financial statements. 

2

 
Aztec Diamond Equestrian (UK) Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

1.


General information

Aztec Diamond Equestrian (UK) Limited ('the company') is a private company limited by shares, incorporated and domiclied in the United Kingdom and registered in England and Wales. The address of the registered office is Unit 39, Number One Industrial Estate, Consett, England, DH8 6TW. 

2.Accounting policies

 
2.1

Statement of compliance

The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

 
2.3

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 balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3

 
Aztec Diamond Equestrian (UK) Limited
 

 
Notes to the financial statements
Year ended 30 April 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

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, based on the methods below.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
20%
straight line
Office equipment
-
20%
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.

4

 
Aztec Diamond Equestrian (UK) Limited
 

 
Notes to the financial statements
Year ended 30 April 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks and work in progress are valued at the lower of cost and net realiseable value after making due allowance for obsolete and slow-moving stocks. Costs includes all direct costs and an appropriate proportion of fixed and variable overheads, where applicable. 

 
2.7

Financial instruments

Basic financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023:14). 


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 May 2023
37,088
116,807
14,985
168,880


Additions
-
13,624
806
14,430


Disposals
-
-
(291)
(291)



At 30 April 2024

37,088
130,431
15,500
183,019



Depreciation


At 1 May 2023
5,207
67,779
6,926
79,912


Charge for the year 
7,332
24,845
2,961
35,138


Disposals
-
-
(228)
(228)



At 30 April 2024

12,539
92,624
9,659
114,822



Net book value



At 30 April 2024
24,549
37,807
5,841
68,197



At 30 April 2023
31,881
49,028
8,059
88,968

5

 
Aztec Diamond Equestrian (UK) Limited
 
 

Notes to the financial statements
Year ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
83,446
12,484

Amounts owed by group undertakings
64,092
-

Other debtors
617,833
329,514

Prepayments and accrued income
65,761
86,478

831,132
428,476



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
469,916
286,627

Corporation tax
51,400
2,952

Other taxation and social security
20,951
20,553

Other creditors
175,245
39,869

Accruals and deferred income
14,941
10,302

742,453
370,303



7.


Creditors: amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,833
25,833

Other creditors
18,065
26,402

33,898
52,235


 
6