03418919falsesale of equestrian products2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-08-31http://www.companieshouse.gov.uk/cd:Director12023-09-012024-08-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-08-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-08-31http://www.companieshouse.gov.uk/cd:Director22023-09-012024-08-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-08-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-08-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-09-012024-08-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-09-012024-08-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-08-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-09-012024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-08-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-08-31http://www.companieshouse.gov.uk/2023-09-012024-08-31http://www.companieshouse.gov.uk/2023-08-31http://www.companieshouse.gov.uk/cd:FRS1022023-09-012024-08-31http://www.companieshouse.gov.uk/2024-08-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-09-012024-08-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-09-012024-08-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03418919

Performance Equestrian Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024

Prepared By:
David Jeffreys Limited
Chartered Accountant
First Floor
4 Princes Street
Huntingdon
Cambs
PE29 3PA

Performance Equestrian Limited

ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
DIRECTORS
S P Beresford
Mrs D E Beresford
SECRETARY
Mrs D E Beresford
REGISTERED OFFICE
The Priory
Leysters
Leominster
Herefordshire
HR6 0HW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03418919
ACCOUNTANTS
David Jeffreys Limited
Chartered Accountant
First Floor
4 Princes Street
Huntingdon
Cambs
PE29 3PA

Performance Equestrian Limited

ACCOUNTS
FOR THEYEARENDED31/08/2024
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

Performance Equestrian Limited

BALANCE SHEET AT 31/08/2024
20242023
Notes££
FIXED ASSETS
Tangible assets41,1941,592
CURRENT ASSETS
Stock10,76812,743
Debtors6530606
Cash at bank and in hand29193
11,58913,442
CREDITORS: Amounts falling due within one year787,34380,992
NET CURRENT LIABILITIES(75,754)(67,550)
TOTAL ASSETS LESS CURRENT LIABILITIES(74,560)(65,958)
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account(74,562)(65,960)
SHAREHOLDERS' FUNDS(74,560)(65,958)
For the year ending 31/08/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/05/2025 and signed on their behalf by
.............................
S P Beresford
Director

Performance Equestrian Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/08/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
In respect of the Balance Sheet deficit the director has undertaken not to demand repayment of amounts owing to him until such time as the company can meet third party liabilities from its own resources.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees22

Performance Equestrian Limited

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/09/202322,05022,050
At 31/08/202422,05022,050
Depreciation
At 01/09/202322,05022,050
At 31/08/202422,05022,050
Net Book Amounts
At 31/08/2024--
4. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/09/202313,0034,86117,864
At 31/08/202413,0034,86117,864
Depreciation
At 01/09/202312,6003,67216,272
For the year101297398
At 31/08/202412,7013,96916,670
Net Book Amounts
At 31/08/20243028921,194
At 31/08/20234031,1891,592
5. STOCK 20242023
££
Stock comprises:
Stock10,76812,743
10,76812,743
6. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors40116
Prepayments490490
530606

Performance Equestrian Limited

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
VAT11,85511,727
Directors current account61,32455,364
Bank loans and overdrafts9,2358,595
Credit card682483
Trade creditors3,0973,673
Accruals1,1501,150
87,34380,992
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22