PAUL CRAGO SHOWJUMPING LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07902843

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,830		2,439

			1,830		2,439
CURRENT ASSETS
Debtors	5	3,150		-
Cash at bank and in hand		1,090		-

		4,240		-
Creditors: Amounts Falling Due Within One Year	6	(27,272 )		(18,497 )

NET CURRENT ASSETS (LIABILITIES)			(23,032 )		(18,497 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(21,202 )		(16,058 )

Creditors: Amounts Falling Due After More Than One Year	7		(6,823 )		(6,732 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(348 )		(618 )

NET LIABILITIES			(28,373 )		(23,408 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(28,375 )		(23,410 )

SHAREHOLDERS' FUNDS			(28,373)		(23,408)

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PAUL CRAGO SHOWJUMPING LTD

Balance Sheet (continued)

As At 31 December 2024

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Crago

Director

15/05/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

PAUL CRAGO SHOWJUMPING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07902843 . The registered office is Unit 11 Diddenham Business Park, Diddenham Court, Grazeley, Reading, Berkshire, RG7 1JQ.

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Going Concern Disclosure

The director has confirmed that he will continue to give financial support to the company until such time as the

company's position improves. In addition the director has confirmed that he will not recall any loans within 12

months. The director considers that it is appropriate to prepare the financial statements on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue is recognised on the provision of services as the contractual activity progress.

2.4. Tangible Fixed Assets and Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	25% on reducing balance
Computer Equipment	33% on reducing balance

2.5. Leasing and Hire Purchase Contracts

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

2.6. 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 statement of financial position date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	4,308	21,732	2,612	222	28,874

As at 31 December 2024	4,308	21,732	2,612	222	28,874

...CONTINUED

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PAUL CRAGO SHOWJUMPING LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	4,196	19,598	2,419	222	26,435
Provided during the period	28	533	48	-	609

As at 31 December 2024	4,224	20,131	2,467	222	27,044

Net Book Value
As at 31 December 2024	84	1,601	145	-	1,830

As at 1 January 2024	112	2,134	193	-	2,439

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	3,150	-

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Bank loans and overdrafts	2,677	2,611
Other creditors	24,595	15,886

	27,272	18,497

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans - 1-2 years	6,823	6,732

8. Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement

of financial position 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.

	2024	2023
	£	£
Other timing differences	348	618

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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