Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 04061250 Mr Toby Greenbury Mrs Jennifer Monique Adler Greenbury Mrs Jennifer Monique Adler Greenbury iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04061250 2023-04-30 04061250 2024-04-30 04061250 2023-05-01 2024-04-30 04061250 frs-core:CurrentFinancialInstruments 2024-04-30 04061250 frs-core:ComputerEquipment 2024-04-30 04061250 frs-core:ComputerEquipment 2023-05-01 2024-04-30 04061250 frs-core:ComputerEquipment 2023-04-30 04061250 frs-core:FurnitureFittings 2024-04-30 04061250 frs-core:FurnitureFittings 2023-05-01 2024-04-30 04061250 frs-core:FurnitureFittings 2023-04-30 04061250 frs-core:MotorVehicles 2024-04-30 04061250 frs-core:MotorVehicles 2023-05-01 2024-04-30 04061250 frs-core:MotorVehicles 2023-04-30 04061250 frs-core:PlantMachinery 2024-04-30 04061250 frs-core:PlantMachinery 2023-05-01 2024-04-30 04061250 frs-core:PlantMachinery 2023-04-30 04061250 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 04061250 frs-bus:CompanyLimitedByGuarantee 2023-05-01 2024-04-30 04061250 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 04061250 frs-bus:SmallEntities 2023-05-01 2024-04-30 04061250 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04061250 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04061250 frs-bus:Director1 2023-05-01 2024-04-30 04061250 frs-bus:Director2 2023-05-01 2024-04-30 04061250 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 04061250 frs-countries:EnglandWales 2023-05-01 2024-04-30 04061250 2022-04-30 04061250 2023-04-30 04061250 2022-05-01 2023-04-30 04061250 frs-core:CurrentFinancialInstruments 2023-04-30 04061250 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 04061250
Checkendon Equestrian Centre Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Cara Chapman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04061250
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,425 16,251
12,425 16,251
CURRENT ASSETS
Stocks 5 750 750
Debtors 6 18,924 -
Cash at bank and in hand 40,090 489
59,764 1,239
Creditors: Amounts Falling Due Within One Year 7 (337,918 ) (281,694 )
NET CURRENT ASSETS (LIABILITIES) (278,154 ) (280,455 )
TOTAL ASSETS LESS CURRENT LIABILITIES (265,729 ) (264,204 )
NET LIABILITIES (265,729 ) (264,204 )
Income and Expenditure Account (265,729 ) (264,204 )
MEMBERS' FUNDS (265,729) (264,204)
Page 1
Page 2
For the year ending 30 April 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs Jennifer Monique Adler Greenbury
Director
30/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Checkendon Equestrian Centre Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 04061250 . The registered office is Checkendon Equestrian Centre, Lovegroves Lane, Checkendon, Reading, Berkshire, RG8 0NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
Page 3
Page 4
2.5. Taxation - continued
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 21 (2023: 23)
21 23
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 May 2023 78,443 4,150 6,408 2,011 91,012
Additions 130 - 1,741 136 2,007
Disposals (5,000 ) - - - (5,000 )
As at 30 April 2024 73,573 4,150 8,149 2,147 88,019
Depreciation
As at 1 May 2023 63,194 4,150 6,102 1,315 74,761
Provided during the period 2,465 - 259 176 2,900
Disposals (2,067 ) - - - (2,067 )
As at 30 April 2024 63,592 4,150 6,361 1,491 75,594
Net Book Value
As at 30 April 2024 9,981 - 1,788 656 12,425
As at 1 May 2023 15,249 - 306 696 16,251
5. Stocks
2024 2023
£ £
Materials 750 750
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 18,924 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,428 18,301
Other taxes and social security 3,284 2,518
Other creditors 577 655
Accruals and deferred income 5,717 800
Directors' loan accounts 114,873 114,873
Amounts owed to associates 204,039 144,547
337,918 281,694
Page 4
Page 5
8. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5