| Fieldhouse Riding Equipment Limited |
| Registered Number:01554203 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Fieldhouse Riding Equipment Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Fieldhouse Riding Equipment Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
245,355
110,085
2
1,750
1,750
3
247,105
111,835
276,164
302,102
4
| Trade and other receivables |
103,048
162,600
5
462,455
| Cash and cash equivalents |
443,720
908,422
841,667
| Trade and other payables: amounts falling due within one |
| year |
(306,369)
(242,493)
6
535,298
665,929
Net current assets
| Total assets less current liabilities |
913,034
647,133
| Trade and other payables: amounts falling due after more |
| than one year |
(39,225)
(150,810)
7
762,224
Net assets
607,908
10,000
10,000
752,224
597,908
762,224
607,908
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
Fieldhouse Riding Equipment Limited
Statement of Financial Position Continued
| Mr Geoffrey Fieldhouse Director |
| Mrs Shirley Fieldhouse Director |
| These financial statements were approved and authorised for issue by the Board on 30 July 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements
Statutory Information
| Fieldhouse Riding Equipment Limited is a private limited company, limited by shares, domiciled in England and |
| Wales, registration number 01554203. |
Birchills Industrial Estate
Green Lane
Walsall
West Midlands
WS2 8LE
| The presentation currency is £ sterling. |
| The principal activity of the company during the year was that of wholesaling equestrian equipment. |
| The company is a limited company incorporated in England and Wales. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2025
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
| The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
| 2. Property, plant and equipment |
Motor vehicles
551,715
142,306
194,092
208,446
6,871
235,040
-
-
184,890
50,150
(73,314)
(155,575)
(100,000)
-
(328,889)
293,336
38,517
68,992
457,866
57,021
| Provision for depreciation and impairment |
441,630
134,374
191,972
108,413
6,871
Charge for year
55,070
1,586
424
48,045
5,015
(284,189)
(73,313)
(155,575)
(55,301)
-
212,511
62,647
36,821
101,157
11,886
45,135
192,179
1,696
6,345
245,355
-
100,033
2,120
7,932
110,085
| 3. Investments held as fixed assets |
| Shares in group and participating interests |
1,750
1,750
1,750
1,750
1,750
1,750
1,750
1,750
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For the year ended 31 March 2025
Fieldhouse Riding Equipment Limited
Notes to the Financial Statements Continued
2024
2025
302,102
276,164
| 5. Trade and other receivables |
2024
2025
182,167
122,615
| Amounts owed by group undertakings and participating interests |
(19,567)
(19,567)
103,048
162,600
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
142,512
165,731
| Taxation and social security |
70,922
66,018
29,059
74,620
242,493
306,369
| Amounts owing under finance agreements, which are paid on a monthly basis, under 1 year at 31 March 2025 were £23,356 (2024: £69,747) |
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
150,810
39,225
| Amounts due on finance agreements, which are payable monthly, payable between 2-5 years at 31 March 2025 were £150,810 (2024: £39,225) |
| 8. Related party transactions |
| Included in creditors is an an amount of £19,567 owing to the subsidiary company Just Togs Ltd. No trading has |
| taken place between the companies in this financial year. |
| 9. Average number of persons employed |
During the year the average number of employees was 9 (2024 : 9)
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