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
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
Faith Dressage Ltd
Statement of financial position
as at 31 March 2024
Intangible assets
10,800
-
Tangible assets
65,014
8,703
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
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
Faith Dressage Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
Motor vehicles
25% Reducing Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
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
-
Loans from directors
101,437
2,338
7
Average number of employees
During the year the average number of employees was 4 (2023: 1).