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Company Registration No. 10813671 (England and Wales)
Faith Dressage Ltd Unaudited accounts for the year ended 31 March 2024
Faith Dressage Ltd Unaudited accounts Contents
Page
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Faith Dressage Ltd Company Information for the year ended 31 March 2024
Director
Miss Olivia Faith
Company Number
10813671 (England and Wales)
Registered Office
SHADES FARM ASHTON ROAD MINETY MALMESBURY SN16 9QP ENGLAND
Accountants
Accounts On Us Ltd Suite 5, Crowood House Gipsy Lane Swindon Wilts SN2 8YY
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Faith Dressage Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,800 
- 
Tangible assets
65,014 
8,703 
75,814 
8,703 
Current assets
Cash at bank and in hand
19,356 
20 
Creditors: amounts falling due within one year
(104,489)
(3,538)
Net current liabilities
(85,133)
(3,518)
Net (liabilities)/assets
(9,319)
5,185 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,419)
5,085 
Shareholders' funds
(9,319)
5,185 
For the year ending 31 March 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 her 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 7 February 2025 and were signed on its behalf by
Miss Olivia Faith Director Company Registration No. 10813671
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Faith Dressage Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Faith Dressage Ltd is a private company, limited by shares, registered in England and Wales, registration number 10813671. The registered office is SHADES FARM ASHTON ROAD, MINETY, MALMESBURY, SN16 9QP, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Motor vehicles
25% Reducing Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
- 
Additions
12,000 
At 31 March 2024
12,000 
Amortisation
At 1 April 2023
- 
Charge for the year
1,200 
At 31 March 2024
1,200 
Net book value
At 31 March 2024
10,800 
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Faith Dressage Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
- 
31,988 
- 
- 
31,988 
Additions
25,000 
12,500 
42,000 
4,500 
84,000 
Disposals
- 
(13,340)
(10,500)
- 
(23,840)
At 31 March 2024
25,000 
31,148 
31,500 
4,500 
92,148 
Depreciation
At 1 April 2023
- 
23,285 
- 
- 
23,285 
Charge for the year
4,688 
3,640 
4,500 
844 
13,672 
On disposals
- 
(9,823)
- 
- 
(9,823)
At 31 March 2024
4,688 
17,102 
4,500 
844 
27,134 
Net book value
At 31 March 2024
20,312 
14,046 
27,000 
3,656 
65,014 
At 31 March 2023
- 
8,703 
- 
- 
8,703 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
943 
- 
Other creditors
459 
- 
Loans from directors
101,437 
2,338 
Accruals
1,650 
1,200 
104,489 
3,538 
7
Average number of employees
During the year the average number of employees was 4 (2023: 1).
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