Registered number
11939272
The Coach & Horses (Rosudgeon) Limited
Filleted Accounts
30 April 2024
The Coach & Horses (Rosudgeon) Limited
Registered number: 11939272
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 52,500 52,500
Tangible assets 4 19,365 23,057
71,865 75,557
Current assets
Stocks 10,525 9,975
Debtors 5 37,844 23,841
Cash at bank and in hand 7,527 14,327
55,896 48,143
Creditors: amounts falling due within one year 6 (92,262) (117,848)
Net current liabilities (36,366) (69,705)
Total assets less current liabilities 35,499 5,852
Creditors: amounts falling due after more than one year 7 (59,729) (30,899)
Net liabilities (24,230) (25,047)
Capital and reserves
Called up share capital 1 1
Profit and loss account (24,231) (25,048)
Shareholder's funds (24,230) (25,047)
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 his 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.
Mr Ian Park
Director
Approved by the board on 30 January 2025
The Coach & Horses (Rosudgeon) Limited
Notes to the Accounts
for the year ended 30 April 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures and fittings 15% reducing balance
Office equipment 33% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 52,500
At 30 April 2024 52,500
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 52,500
At 30 April 2023 52,500
There is no write off of Goodwill during this year.
4 Tangible fixed assets
Fixtures & fittings Office equipment Total
£ £ £
Cost
At 1 May 2023 38,481 4,027 42,508
At 30 April 2024 38,481 4,027 42,508
Depreciation
At 1 May 2023 16,722 2,729 19,451
Charge for the year 3,264 428 3,692
At 30 April 2024 19,986 3,157 23,143
Net book value
At 30 April 2024 18,495 870 19,365
At 30 April 2023 21,759 1,298 23,057
5 Debtors 2024 2023
£ £
Trade debtors 9,586 9,586
Other debtors 28,258 14,255
37,844 23,841
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,783 44,025
Taxation and social security costs 11,215 13,089
Directors loan account 52,464 59,034
Other creditors 1,800 1,700
92,262 117,848
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,961 30,899
Other creditors 38,768 -
59,729 30,899
8 Other information
The Coach & Horses (Rosudgeon) Limited is a private company limited by shares and incorporated in England. Its registered office is:
211 Manchester New Road
Alkrington
Middleton
Manchester
M25 1JT
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