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Registration number: SC787720

Roxburgh Equine Therapy Ltd
Unaudited Filleted Financial Statements
for the Period from 31 October 2023 to 31 October 2024

Roxburgh Equine Therapy Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 8

Roxburgh Equine Therapy Ltd

Company Information

Directors | Miss Samantha Martin Mrs Vivienne McKenzie Martin

Registered office | 4 Dunshill Drive Jedburgh TD8 6QW

Accountants | Deans Accountants And Business Advisors Ltd 27 North Bridge Street Hawick Scottish Borders TD9 9BD

DEANS
Chartered Accountants
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Roxburgh Equine Therapy Ltd for the Period Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Roxburgh Equine Therapy Ltd for the period ended 31 October 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 of Scotland (ICAS), we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/ethics/icas-code-of-ethics.

This report is made solely to the Board of Directors of Roxburgh Equine Therapy Ltd, 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 Roxburgh Equine Therapy Ltd and state those matters that we have agreed to state to the Board of Directors of Roxburgh Equine Therapy Ltd, as a body, in this report in accordance with ICAS guidance (www.icas.com/accountsprep/guidance). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Roxburgh Equine Therapy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Roxburgh Equine Therapy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Roxburgh Equine Therapy Ltd. You consider that Roxburgh Equine Therapy Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Roxburgh Equine Therapy Ltd. 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.

......................................
Deans Accountants And Business Advisors Ltd
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD

8 January 2025

Roxburgh Equine Therapy Ltd

(Registration number: SC787720)
Balance Sheet as at 31 October 2024

| Note | 2024 £
Fixed assets |  |
Tangible assets | 4 | 22,050
Current assets |  |
Debtors | 5 | 520
Cash at bank and in hand |  | 463
|  | 983
Creditors: Amounts falling due within one year | 6 | (13,902)
Net current liabilities |  | (12,919)
Total assets less current liabilities |  | 9,131
Creditors: Amounts falling due after more than one year | 6 | (15,108)
Net liabilities |  | (5,977)
Capital and reserves |  |
Called up share capital | 7 | 10
Retained earnings |  | (5,987)
Shareholders' deficit |  | (5,977)

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 January 2025 and signed on its behalf by:

......................................... Miss Samantha Martin Director

Roxburgh Equine Therapy Ltd

Notes to the Unaudited Financial Statements for the Period from 31 October 2023 to 31 October 2024

1 | General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4 Dunshill Drive
Jedburgh
TD8 6QW

The principal place of business is:
4 Dunshill Drive
Jedburgh
TD8 6QW

These financial statements were authorised for issue by the Board on 8 January 2025.

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 company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The accounts are presented in £GBP and are rounded to the nearest £1.

Going concern

The company has net liabilities of £5,977 as at 31 October 2024. The company relies on the continued support of the directors to finance the day to day working requirements.
The directors consider it appropriate to prepare the Financial Statements on a going concern basis after consideration of all the information available about the foreseeable future (limited to one year from the date of approval of these financial statements) there is reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future.
If adoption of the going concern basis was inappropriate, adjustments could be required to write down assets to the assessment of their recoverable value, to reclassify fixed assets as current assets and to provide for any further liabilities that may arise.

Roxburgh Equine Therapy Ltd

Notes to the Unaudited Financial Statements for the Period from 31 October 2023 to 31 October 2024

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.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible assets

Tangible assets are stated in the balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and Machinery | 20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Roxburgh Equine Therapy Ltd

Notes to the Unaudited Financial Statements for the Period from 31 October 2023 to 31 October 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.
Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account.
Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Roxburgh Equine Therapy Ltd

Notes to the Unaudited Financial Statements for the Period from 31 October 2023 to 31 October 2024

4 | Tangible assets

| Other tangible assets £ | Total £
Cost or valuation
Additions | 27,000 | 27,000
At 31 October 2024 | 27,000 | 27,000
Depreciation
Charge for the period | 4,950 | 4,950
At 31 October 2024 | 4,950 | 4,950
Carrying amount
At 31 October 2024 | 22,050 | 22,050

5 | Debtors

Current | 2024 £
Trade debtors | 520
| 520

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £
Due within one year |  |
Loans and borrowings | 8 | 4,900
Accruals and deferred income |  | 500
Other creditors |  | 8,502
|  | 13,902

Creditors: amounts falling due after more than one year

| Note | 2024 £
Due after one year |  |
Loans and borrowings | 8 | 15,108

7 | Share capital

Allotted, called up and fully paid shares

| 2024
| No. | £
Ordinary Share of £1 each | 10 | 10

Roxburgh Equine Therapy Ltd

Notes to the Unaudited Financial Statements for the Period from 31 October 2023 to 31 October 2024

8 | Loans and borrowings

Non-current loans and borrowings

| 2024 £
Hire purchase contracts | 15,108

Current loans and borrowings

| 2024 £
Hire purchase contracts | 4,900

9 | Related party transactions

Other transactions with directors

During the year, the director provided loans to the company totalling £8,502 at the year end. These loans are repayable on demand.