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REGISTERED NUMBER: 09341135 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JAMES PINFOLD FARRIER LIMITED

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JAMES PINFOLD FARRIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mr J P Pinfold



REGISTERED OFFICE: 133 Sandygate Mill
Kingsteignton
Newton Abbot
Devon
TQ12 3PG



REGISTERED NUMBER: 09341135 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Santander
3-5 Queen Street
Newton Abbot
Devon
TQ12 2AG

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 63,225 70,826

CURRENT ASSETS
Stocks 5 5,250 4,500
Debtors 6 41,807 24,713
Cash at bank 10,877 10,631
57,934 39,844
CREDITORS
Amounts falling due within one year 7 30,976 27,121
NET CURRENT ASSETS 26,958 12,723
TOTAL ASSETS LESS CURRENT LIABILITIES 90,183 83,549

CREDITORS
Amounts falling due after more than one
year

8

(76,513

)

(74,852

)

PROVISIONS FOR LIABILITIES (11,799 ) (8,111 )
NET ASSETS 1,871 586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,771 486
SHAREHOLDERS' FUNDS 1,871 586

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 director acknowledges his 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.

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

BALANCE SHEET - continued
31 DECEMBER 2024


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 director and authorised for issue on 16 July 2025 and were signed by:





Mr J P Pinfold - Director


JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

James Pinfold Farrier Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance and 15% on reducing balance
Computer equipment - 25% on cost

Under Motor Vehicles the depreciation policy for the horse box is 15% 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.

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 14,750 95,070 697 110,517
Additions - 39,444 1,498 40,942
Disposals (1,170 ) (37,337 ) - (38,507 )
At 31 December 2024 13,580 97,177 2,195 112,952
DEPRECIATION
At 1 January 2024 6,728 32,267 696 39,691
Charge for year 1,604 18,561 375 20,540
Eliminated on disposal (1,170 ) (9,334 ) - (10,504 )
At 31 December 2024 7,162 41,494 1,071 49,727
NET BOOK VALUE
At 31 December 2024 6,418 55,683 1,124 63,225
At 31 December 2023 8,022 62,803 1 70,826

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 7,114 95,070 102,184
Additions - 39,444 39,444
Disposals - (37,337 ) (37,337 )
At 31 December 2024 7,114 97,177 104,291
DEPRECIATION
At 1 January 2024 1,423 32,267 33,690
Charge for year 1,138 18,561 19,699
Eliminated on disposal - (9,334 ) (9,334 )
At 31 December 2024 2,561 41,494 44,055
NET BOOK VALUE
At 31 December 2024 4,553 55,683 60,236
At 31 December 2023 5,691 62,803 68,494

5. STOCKS
2024 2023
£    £   
Stocks 5,250 4,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,250 5,490
Other debtors 4,935 1,222
Directors' current accounts 29,622 18,001
41,807 24,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 16,105 14,305
Tax 7,773 7,806
VAT 2,941 1,148
Other creditors 2,230 2,022
Accrued expenses 1,927 1,840
30,976 27,121

JAMES PINFOLD FARRIER LIMITED (REGISTERED NUMBER: 09341135)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts and finance leases 76,513 74,852

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr J P Pinfold
Balance outstanding at start of year 18,001 18,620
Amounts advanced 40,123 47,248
Amounts repaid (28,503 ) (47,867 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,621 18,001

Loans are unsecured, interest free and repayable on demand.