Company Registration No. 14337154 (England and Wales)
H.S. Booker Farriery Ltd
Unaudited accounts
for the year ended 30 September 2024
H.S. Booker Farriery Ltd
Unaudited accounts
Contents
H.S. Booker Farriery Ltd
Company Information
for the year ended 30 September 2024
Company Number
14337154 (England and Wales)
Registered Office
5 Low Street
Weasenham
Kings Lynn
PE32 2TQ
Accountants
Mrs A C Howell
13 Ipswich Grove
Norwich
Norfolk
NR2 2LU
H.S. Booker Farriery Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
55,586
30,552
Cash at bank and in hand
22,529
11,204
Creditors: amounts falling due within one year
(21,132)
(26,214)
Net current assets
26,150
4,676
Total assets less current liabilities
81,736
35,228
Creditors: amounts falling due after more than one year
(30,966)
(1,827)
Provisions for liabilities
Deferred tax
(10,211)
(3,926)
Called up share capital
100
100
Profit and loss account
40,459
29,375
Shareholders' funds
40,559
29,475
For the year ending 30 September 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 January 2025 and were signed on its behalf by
Howard Booker
Director
Company Registration No. 14337154
H.S. Booker Farriery Ltd
Notes to the Accounts
for the year ended 30 September 2024
H.S. Booker Farriery Ltd is a private company, limited by shares, registered in England and Wales, registration number 14337154. The registered office is 5 Low Street, Weasenham, Kings Lynn, PE32 2TQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
H.S. Booker Farriery Ltd
Notes to the Accounts
for the year ended 30 September 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
16,943
19,000
35,943
Additions
1,204
49,787
50,991
Disposals
-
(19,000)
(19,000)
At 30 September 2024
18,147
49,787
67,934
At 1 October 2023
2,541
2,850
5,391
Charge for the year
2,339
7,468
9,807
On disposals
-
(2,850)
(2,850)
At 30 September 2024
4,880
7,468
12,348
At 30 September 2024
13,267
42,319
55,586
At 30 September 2023
14,402
16,150
30,552
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
18,805
18,917
Accrued income and prepayments
1,066
619
H.S. Booker Farriery Ltd
Notes to the Accounts
for the year ended 30 September 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,180
1,180
Obligations under finance leases and hire purchase contracts
10,370
-
Taxes and social security
7,835
17,996
Loans from directors
1,072
2,021
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,245
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).