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Registration number: 10309650

MW Equine Shoeing Services Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 August 2024

 

MW Equine Shoeing Services Limited

Contents

Company Information

1

Accountants' Report

2

Statement of Financial Position

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

MW Equine Shoeing Services Limited

Company Information

Director

M E Wehrle

Registered office

Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

Accountants

Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
MW Equine Shoeing Services Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MW Equine Shoeing Services Limited for the year ended 31 August 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of MW Equine Shoeing Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of MW Equine Shoeing Services Limited and state those matters that we have agreed to state to the Board of Directors of MW Equine Shoeing Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MW Equine Shoeing Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that MW Equine Shoeing Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MW Equine Shoeing Services Limited. You consider that MW Equine Shoeing Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of MW Equine Shoeing Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

image-name


Stewart & Co Accountants LLP
Chartered Accountants
Knoll House
Knoll Road
Camberley
Surrey
GU15 3SY

30 April 2025

 

MW Equine Shoeing Services Limited

(Registration number: 10309650)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

62,866

63,649

Current assets

 

Stocks

5

2,900

2,900

Debtors

6

15,067

11,855

Cash at bank and in hand

 

3

3,024

 

17,970

17,779

Creditors: Amounts falling due within one year

7

(69,344)

(82,123)

Net current liabilities

 

(51,374)

(64,344)

Total assets less current liabilities

 

11,492

(695)

Provisions for liabilities

(1,255)

(1,637)

Net assets/(liabilities)

 

10,237

(2,332)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

10,236

(2,333)

Shareholders' funds/(deficit)

 

10,237

(2,332)

 

MW Equine Shoeing Services Limited

(Registration number: 10309650)
Statement of Financial Position as at 31 August 2024

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 April 2025
 

.........................................

M E Wehrle
Director

 

MW Equine Shoeing Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

MW Equine Shoeing Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

Leasehold improvements

straight line over 15 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Cost includes all costs of purchase and other costs incurred in bringing the stocks to their present location and condition.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

MW Equine Shoeing Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

56,733

3,219

49,227

19,545

128,724

Additions

-

-

1,598

9,995

11,593

Disposals

-

-

(6,500)

-

(6,500)

At 31 August 2024

56,733

3,219

44,325

29,540

133,817

Depreciation

At 1 September 2023

11,231

2,682

34,339

16,823

65,075

Charge for the year

3,782

134

3,739

3,179

10,834

Eliminated on disposal

-

-

(4,958)

-

(4,958)

At 31 August 2024

15,013

2,816

33,120

20,002

70,951

Carrying amount

At 31 August 2024

41,720

403

11,205

9,538

62,866

At 31 August 2023

45,502

537

14,888

2,722

63,649

Included within the net book value of land and buildings above is £41,720 (2023 - £45,502) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Raw materials and consumables

2,900

2,900

6

Debtors

2024
£

2023
£

Trade debtors

13,880

11,064

Prepayments

940

646

Other debtors

247

145

15,067

11,855

 

MW Equine Shoeing Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

8

4,247

10,687

Trade creditors

 

1,226

1,211

Taxation and social security

 

18,625

10,291

Accruals and deferred income

 

2,090

1,992

Other creditors

 

43,156

57,942

 

69,344

82,123

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

4,247

10,687