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REGISTERED NUMBER: 07254755 (England and Wales)















EQUESTRIAN SILVER LIMITED

Unaudited Financial Statements For The Year Ended 31 May 2024






EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

EQUESTRIAN SILVER LIMITED

Company Information
For The Year Ended 31 May 2024







DIRECTOR: Mrs P J Curts





SECRETARY:





REGISTERED OFFICE: Spaceworks
Benton Park Road
Newcastle upon Tyne
Tyne and Wear
NE7 7LX





REGISTERED NUMBER: 07254755 (England and Wales)





ACCOUNTANTS: Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,943 2,644

CURRENT ASSETS
Stocks 60,745 77,527
Debtors 5 448 464
Cash at bank 44,630 27,358
105,823 105,349
CREDITORS
Amounts falling due within one year 6 94,413 83,409
NET CURRENT ASSETS 11,410 21,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,353

24,584

CREDITORS
Amounts falling due after more than one
year

7

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES 10 (559 ) (503 )
NET ASSETS 3,794 4,081

CAPITAL AND RESERVES
Called up share capital 21 21
Retained earnings 3,773 4,060
SHAREHOLDERS' FUNDS 3,794 4,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 February 2025 and were signed by:





Mrs P J Curts - Director


EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Equestrian Silver Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover is stated net of value added tax and represents the total receivable by the company. The revenue is recognised on the earlier of, despatch of goods for internet sales or raising of a sales invoice when sold on credit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stock consists only of finished goods. This is valued at the imported cost at the exchange rate ruling at the time of purchase. Net realisable value exceeds the value of the finished goods.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 2,468 1,483 2,312 6,263
Additions - 638 515 1,153
At 31 May 2024 2,468 2,121 2,827 7,416
DEPRECIATION
At 1 June 2023 1,730 541 1,348 3,619
Charge for year 184 368 302 854
At 31 May 2024 1,914 909 1,650 4,473
NET BOOK VALUE
At 31 May 2024 554 1,212 1,177 2,943
At 31 May 2023 738 942 964 2,644

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 448 464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,031
Trade creditors 6,284 7,623
Taxation and social security 12,070 9,443
Other creditors 66,059 56,312
94,413 83,409

Included in other creditors are amounts owed to the Directors, this year they were owed £61,747 (£51,419 - 2023).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000

EQUESTRIAN SILVER LIMITED (REGISTERED NUMBER: 07254755)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,000 30,000

A bank loan made to the company is secured by way of a Director's personal guarantee.

9. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts) and trade creditors are at their carrying value.
Loans made to the company are valued at the carrying amount which is determined deducting capital repayments and by adding interest calculated using the effective interest method on an actuarial basis.
Amounts owed to and by the company in foreign currencies were revalued using the exchange rate ruling at the close of business at the balance sheet date.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 559 503

Deferred
tax
£   
Balance at 1 June 2023 503
Provided during year 56
Balance at 31 May 2024 559

EQUESTRIAN SILVER LIMITED

Report of the Accountants to the Director of
Equestrian Silver Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sadler Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


20 February 2025