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COMPANY REGISTRATION NUMBER: 04174732
Dever Saddlery Limited
Filleted Unaudited Financial Statements
30 June 2024
Dever Saddlery Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Dever Saddlery Limited
Balance Sheet
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
3,783
4,892
Current assets
Stocks
340,298
349,475
Debtors
6
50,472
53,999
Cash at bank and in hand
159,011
160,229
---------
---------
549,781
563,703
Creditors: amounts falling due within one year
7
37,633
41,652
---------
---------
Net current assets
512,148
522,051
---------
---------
Total assets less current liabilities
515,931
526,943
---------
---------
Net assets
515,931
526,943
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
515,831
526,843
---------
---------
Shareholders funds
515,931
526,943
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dever Saddlery Limited
Balance Sheet (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 13 January 2025 , and are signed on behalf of the board by:
Ms N Manton
Director
Company registration number: 04174732
Dever Saddlery Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property
-
20% straight line
Plant & machinery
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 6 ).
5. Tangible assets
Long leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
16,419
11,995
9,065
27,989
65,468
--------
--------
-------
--------
--------
Depreciation
At 1 July 2023
16,419
10,754
7,298
26,105
60,576
Charge for the year
310
328
471
1,109
--------
--------
-------
--------
--------
At 30 June 2024
16,419
11,064
7,626
26,576
61,685
--------
--------
-------
--------
--------
Carrying amount
At 30 June 2024
931
1,439
1,413
3,783
--------
--------
-------
--------
--------
At 30 June 2023
1,241
1,767
1,884
4,892
--------
--------
-------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
47,701
49,879
Other debtors
2,771
4,120
--------
--------
50,472
53,999
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,353
4,272
Social security and other taxes
25,939
31,964
Other creditors
5,341
5,416
--------
--------
37,633
41,652
--------
--------
8. Director's advances, credits and guarantees
During the year the director had an interest-free, repayable on demand loan with the company. At the start of the year the she was owed £320 and at the end of the year the she was owed £320.
9. Related party transactions
During the year the company paid rent of £15,594 (2023: £15,582) to an entity owned by the shareholders of the company.