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REGISTERED NUMBER: 06898061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

PRB Horseboxes Ltd

PRB Horseboxes Ltd (Registered number: 06898061)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

PRB Horseboxes Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Bolton
Mrs J Bolton





REGISTERED OFFICE: Unit 1 & 2
Amtex Buildings
Leominster
Herefordshire
HR6 0QF





REGISTERED NUMBER: 06898061 (England and Wales)





ACCOUNTANTS: dhjh Tenbury Wells LLP
Chartered Certified Accountants
81 Teme Street
Tenbury Wells
WR15 8AE

PRB Horseboxes Ltd (Registered number: 06898061)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 102,590 54,051
102,590 54,051

CURRENT ASSETS
Stocks 6 1,506,263 1,225,879
Debtors 7 67,720 36,032
Cash at bank 47,230 261,343
1,621,213 1,523,254
CREDITORS
Amounts falling due within one year 8 311,125 327,117
NET CURRENT ASSETS 1,310,088 1,196,137
TOTAL ASSETS LESS CURRENT LIABILITIES 1,412,678 1,250,188

PROVISIONS FOR LIABILITIES 13,826 637
NET ASSETS 1,398,852 1,249,551

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,398,752 1,249,451
SHAREHOLDERS' FUNDS 1,398,852 1,249,551

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




R Bolton - Director



Mrs J Bolton - Director


PRB Horseboxes Ltd (Registered number: 06898061)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

PRB Horseboxes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

PRB Horseboxes Ltd (Registered number: 06898061)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 320,000
AMORTISATION
At 1 January 2024
and 31 December 2024 320,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 115,076 23,923 65,834 204,833
Additions - - 109,450 109,450
Disposals (9,644 ) (431 ) (61,947 ) (72,022 )
At 31 December 2024 105,432 23,492 113,337 242,261
DEPRECIATION
At 1 January 2024 97,503 17,389 35,890 150,782
Charge for year 1,586 1,609 27,542 30,737
Eliminated on disposal (8,797 ) (332 ) (32,719 ) (41,848 )
At 31 December 2024 90,292 18,666 30,713 139,671
NET BOOK VALUE
At 31 December 2024 15,140 4,826 82,624 102,590
At 31 December 2023 17,573 6,534 29,944 54,051

6. STOCKS
2024 2023
£    £   
Stock and work in progress 1,506,263 1,225,879

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,448 34,727
Other debtors - 405
Prepayments 6,272 900
67,720 36,032

PRB Horseboxes Ltd (Registered number: 06898061)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 38,889
Hire purchase contracts - 11,016
Trade creditors 129,548 148,651
Tax 50,444 36,865
Social security and other taxes 24,124 21,384
Pension contributions owed 641 -
VAT 54,363 53,336
Other creditors 33,244 -
Credit card account 2,568 -
Directors' current accounts 12,233 13,271
Accrued expenses 3,960 3,705
311,125 327,117

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PRB Horseboxes Ltd

Report of the Accountants to the Directors of
PRB Horseboxes Ltd

The following reproduces the text of the report prepared for the directors 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 Directors 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 December 2024 set out on page nil 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.






dhjh Tenbury Wells LLP
Chartered Certified Accountants
81 Teme Street
Tenbury Wells
WR15 8AE


20 March 2025