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REGISTERED NUMBER: 09294261 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SADDLES DIRECT LIMITED

SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SADDLES DIRECT LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: Mrs S J Lavelle-Huxley
Mrs L D Molyneaux





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 09294261 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

BALANCE SHEET
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 113,930 105,128

CURRENT ASSETS
Stocks 236,767 148,828
Debtors 6 70,556 28,297
Cash at bank and in hand 7,198 10,489
314,521 187,614
CREDITORS
Amounts falling due within one year 7 315,309 124,289
NET CURRENT (LIABILITIES)/ASSETS (788 ) 63,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,142

168,453

CREDITORS
Amounts falling due after more than one
year

8

61,524

70,061
NET ASSETS 51,618 98,392

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 51,418 98,192
SHAREHOLDERS' FUNDS 51,618 98,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

BALANCE SHEET - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:





Mrs S J Lavelle-Huxley - Director


SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Saddles Direct 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 5,000 15,953 31,860 107,996 160,809
Additions - - 26,100 - 26,100
At 30 November 2024 5,000 15,953 57,960 107,996 186,909
DEPRECIATION
At 1 December 2023 1,800 11,110 17,652 25,119 55,681
Charge for year 640 726 5,537 10,395 17,298
At 30 November 2024 2,440 11,836 23,189 35,514 72,979
NET BOOK VALUE
At 30 November 2024 2,560 4,117 34,771 72,482 113,930
At 30 November 2023 3,200 4,843 14,208 82,877 105,128

SADDLES DIRECT LIMITED (REGISTERED NUMBER: 09294261)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 14,969 11,005
Other debtors 32,412 9,892
VAT - 1,535
Deferred tax asset 17,972 2,219
Prepayments and accrued income 5,203 3,646
70,556 28,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 34,104 29,466
Hire purchase contracts 7,457 4,190
Trade creditors 215,462 64,108
Social security and other taxes 3,964 2,612
VAT 6,371 -
Other creditors 45,901 22,113
Accruals and deferred income 2,050 1,800
315,309 124,289

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 14,300 14,300
Bank loans - 2-5 years 27,799 37,100
Bank loans more 5 yr by instal 10,001 15,001
Hire purchase contracts 9,424 3,556
Directors loan account - 104
61,524 70,061

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,001 15,001

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SADDLES DIRECT LIMITED


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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saddles Direct Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Saddles Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Saddles Direct Limited. You consider that Saddles Direct 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 financial statements of Saddles Direct 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 financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB


21 August 2025